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Nairaland Forum / Nairaland / General / Politics / There Is Deliberate Attack On The Naira ???? (2698 Views)
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Re: There Is Deliberate Attack On The Naira ???? by FarmPlanetNG: 5:03pm On Feb 15 |
Error401: Of course you know what I mean. Stop playing the ostrich |
Re: There Is Deliberate Attack On The Naira ???? by KnowAll(m): 5:05pm On Feb 15 |
Bet against d Naira at 5 to 1, that Naira would hit 2000 to 1, putting 1 million Naira would give you 25 million Naira. I hope this is not what is happening to the Naira🤔 |
Re: There Is Deliberate Attack On The Naira ???? by Iamanoited: 5:06pm On Feb 15 |
SATAN SWAGGERS TO KEEP NAIRA IN ORDER. |
Re: There Is Deliberate Attack On The Naira ???? by Iamanoited: 5:07pm On Feb 15 |
SATAN SWAGGERS TO KEEP NAIRA IN ORDER. Orisa37 |
Re: There Is Deliberate Attack On The Naira ???? by Error401: 5:08pm On Feb 15 |
Lol, they dont have enough resources but a senators car is over 160 million. Una never ready for this country CilicMarin: |
Re: There Is Deliberate Attack On The Naira ???? by oyatz(m): 5:08pm On Feb 15 |
KnowAll:The current Exchange rate crisis is NOT caused by any economic issues but purely due to speculative activities. There is no exchange rate rate that move permanently in one direction almost on weekly basis. |
Re: There Is Deliberate Attack On The Naira ???? by Iamanoited: 5:11pm On Feb 15 |
NOTHING. JUST BUNGLING. |
Re: There Is Deliberate Attack On The Naira ???? by ShoeGetSize: 5:12pm On Feb 15 |
The Ghanaian Cedi is more valuable than the used toilet paper called Naira CilicMarin: |
Re: There Is Deliberate Attack On The Naira ???? by oyatz(m): 5:16pm On Feb 15 |
mrvitalis: The CBN under the last administration had reached the lower limit and they started borrowing $1.5Billion monthly to defend the exchange rate until no foreign bank was ready to borrow them. There is no enough dollar earnings to use for the defence of the exchange rate, hence the only option was to float the exchange rate. All the present unwanted inflations and increases are unwanted side-effects. Because this policy hasn't been implemented in Nigeria before, it will cause destabilization but Nigeria will eventually emerged stronger from it. |
Re: There Is Deliberate Attack On The Naira ???? by Iamanoited: 5:22pm On Feb 15 |
Last Administration was a disaster. BUHARI wanted N1:$1 but ended with N1000:$1 |
Re: There Is Deliberate Attack On The Naira ???? by oyatz(m): 5:28pm On Feb 15 |
FarmPlanetNG: In 2021 alone, Nigeria earned about $47.2 Billion in export and spent $52 Billion on imports. The chunk of the imports are the following few items $11 Billion (Petroleum products), $3Billion (Wheat), $2.8 Billion (Automobile), $950 million (Package medications), $940 million (Machineries ). |
Re: There Is Deliberate Attack On The Naira ???? by ShoeGetSize: 10:09pm On Feb 15 |
Typical stupid APC reasoning. The countries all around you are using the CFA Franc and the West African Franc. Both the CFA Franc and the West African CFA franc (XOF), are tied to the Euro. This means that their exchange rate is fixed to the Euro at a specific rate. The pegging of CFA to the Euro has been in place since 1999, providing monetary stability but limiting independent monetary policy for member countries. The French treasury which controls the French Ministry of Finance guarantees the convertibility of CFA francs to Euros at the fixed rate. There is no conspiracy by anyone against the Naira. You are simply paying the price for electing morons into public office since 2015. KnowAll: |
Re: There Is Deliberate Attack On The Naira ???? by oyatz(m): 10:46pm On Feb 15 |
Paraman:Some of them talk like school children quarrelling with their father for not put on generator over night. |
Re: There Is Deliberate Attack On The Naira ???? by Kingray10: 7:32am On Feb 16 |
KnowAll:What's makes you think cbn has done all to stop it I think CBN n your politicians are doing it on purpose, bc they all have a domiciliary acc and using ur naira to buy dollar they don't need at the moment, making the dollar to increase in value against the naira. |
Re: There Is Deliberate Attack On The Naira ???? by dealslip(f): 7:36am On Feb 16 |
KnowAll:I agree too |
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