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EFCC Goes After Bureau De Change Operators In Sabo, Ibadan (video) - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / EFCC Goes After Bureau De Change Operators In Sabo, Ibadan (video) (20224 Views)

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Re: EFCC Goes After Bureau De Change Operators In Sabo, Ibadan (video) by raphemmanuel(m): 5:02pm On Feb 22
Vision101:
@raphemmanuel
At the Bolded.
The reason why it is so, is because you can easily access this currency at the bank without denial.


Know this!!!
The problem of this country is from the head.

@me
This has to do with transfers and not cash. This was how it was done before IBB's regime. BDCs are licensed for cash transactions and limited amount. Everything has been abused.
what do you think drives the price of dollar high?
Re: EFCC Goes After Bureau De Change Operators In Sabo, Ibadan (video) by Vision101(m): 8:44pm On Feb 22
@raphemmanuel
what do you think drives the price of dollar high?

@me
Demand and supply factor
Speculators
Arbitrage activities
Rumour
Massive illicit naira in circulation - they convert to dollar because it's portable. They care less about how high the rate is because the source is not a productive venture.

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