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Nairaland Forum / Nairaland / General / Business / Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers (20286 Views)
EFCC Freezes 300 Illegal Forex Accounts / ABCON: Bureaux De Change Tell FG To Ban Binance To Save Naira / EFCC Raids Abuja Bureaux De Change Offices (2) (3) (4)
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Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by Truthissupreme: 6:16am On Sep 19, 2021 |
The biggest problem and they fund terrorists too |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by saferoom: 6:16am On Sep 19, 2021 |
Hmm |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by SayDeeJay: 6:16am On Sep 19, 2021 |
L |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by FolabiCash: 6:17am On Sep 19, 2021 |
CBN is finally woken up. |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by pickatyoubackup: 6:18am On Sep 19, 2021 |
If all these can bring the naira to 200 a dollar pere, then it's a welcome idea. |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by Kunfu(m): 6:20am On Sep 19, 2021 |
Hmmm |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by Nothingserious: 6:23am On Sep 19, 2021 |
Dollar rates will definitely drop next week. Speculators that bought last week for hoarding and future re-sell might be worst hit unless they use the funds to fund their personal needs. 1 Like |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by Boss13: 6:23am On Sep 19, 2021 |
The CBN must understand they created a racketeering industry from the shortages of FOREX. As a result a lot of companies and individuals are racking in huge profits. Whether there is a centralized currency exchange board such as abokifx or not, it would not stop the devaluation of the naira if there is scarcity of FOREX. 5 Likes |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by EagleNest(m): 6:34am On Sep 19, 2021 |
If abokiFX is guilty of currency exchange manipulation, then they should face the law. Was just wondering how, CBN suddenly realized this. Are they not supposed to be the police of money market or they were sleeping on the wheel? 2 Likes |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by InvertedHammer: 6:37am On Sep 19, 2021 |
/ Of course currency speculators affect exchange rates but their effects are limited and short term. It takes good monetary cum fiscal policies to stabilize the naira which are both nonexistent in this confused Buhari’s regime. How come Buhari’s 2015-2023 regime is correctly mimicking his 1984 regime? Don’t blame Buhari, blame the idiotas that witnessed his regime in 1984 and were able to convince all the mouthbreathing morons that voted him back into power. / 3 Likes 1 Share |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by joyandfaith: 6:38am On Sep 19, 2021 |
ENGINEERG: Yuan? I prefer yen to yuan. Our reserve should be in yen. AntiBalaka, APCHaram, RevDesm0ndJuju, MagicBishop, ZombieNation have something to say |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by Kingcalls: 6:40am On Sep 19, 2021 |
CBN made a fantastic decision in banning aboki fx....those evil slowpoke were the ones running the market by accepting bribes due to their high network....they decided to become the CBN of the streets being run by criminals and accepting kick backs to manipulate the market... official price is 420...no matter how the scarcity is at the moment, it should not be going towards 150 naira difference |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by kingthreat(m): 6:41am On Sep 19, 2021 |
ENGINEERG: Intelligent. Especially the 1st recommendation. But the second is not the best and may have consequences. 1 Like |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by HitRun(m): 6:42am On Sep 19, 2021 |
Mikelarteta: How? I have not understood how they are the problem yet. Abeg explain for me in simple terms. 5 Likes |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by chiedu7: 6:44am On Sep 19, 2021 |
Just as they gagged the News Media, they have gagged those who report on currency rates,now we wont know how bad things are Mumu Nigerians cant see this is a plan to simply stop Nijas from knowing that the Naira is in trouble,just like they want the news media to stop reporting terrorist attacks 1 Like |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by Ekpekus(m): 6:46am On Sep 19, 2021 |
signature2012:Well written... so much PR without HQ |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by ewosk: 6:47am On Sep 19, 2021 |
MsFaith: Very laughable You should also ask why do people use black market even when the rate that is high instead of getting at official rate 6 Likes 1 Share |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by Alaigbopress: 6:48am On Sep 19, 2021 |
ENGINEERG:Please If I am to buy a product online from a foreign website. At what rate am I buying, parallel market rate or official rate? |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by Nobody: 6:50am On Sep 19, 2021 |
CBN is just being petty. If you do not want aboki to sell $, start arresting them. How do they still get $ they change. Make it that only banks can give it out. So, why this noise? We know the right thing to do in Nigeria. AbokiFX has told the governor the truth he needs to hear again which he already knows too. CBN gov is just playing around a game set up by his masters. You know where they are in open markets. You can easily clamp them down. They operate easily there. AbokiFx even told him he asks for the prices in streets. We know the streets. They do it openly. CBN cannot say it doesnt know where they are. So, why the useless noise? Let CBN go after Abokis selling dollars and see if Buhari will not change him next week. But he has the ball to go after the owner of AbokiFx who is from the south. Let him grow balls and go after abokis doing it in the streets. Let him clamp them down. Simple as ABC. 9 Likes 1 Share |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by HeadNigga: 6:52am On Sep 19, 2021 |
chiedu7:two different scenarios. Abokifx na part of the wahala gaskiya |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by jolyment: 6:59am On Sep 19, 2021 |
Alaigbopress: Official rate if you have not exceeded your transaction limit and you are using naira account. But the moment you exceed your transaction limit for foreign transactions with naira account, you will not have access to official rate. If you are using a domiciliary account, you can pay any amount with official rate. But you know to get dollars to fund your account is mostly through BDC . That's where the problem will come from. 2 Likes |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by ENGINEERG(m): 7:01am On Sep 19, 2021 |
If you use your Bank ATM it will be from your Bank rate, its different from all banks, Like Gtb is 461/dollar, first bank is like 460...some banks are 450..some are over 470.. Alaigbopress: |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by shegsrules(m): 7:02am On Sep 19, 2021 |
All those on the economic team of this present Government are all failures. No good polices at all, prices of commodities are on the high daily and no hope for a better economy. |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by adonainana: 7:08am On Sep 19, 2021 |
ewosk: Because its non available to scarce or very limited at the official rate, you cannot walk into a Nigerian bank or CBN office and give them naira and walk out with dollars Meanwhile people need the dollars to import machinery, raw materials, the phone you are using to type what you are typing was imported using the same dollars, So semi illiteratee questions like why do people go to the parralel market to source funds you need to avoid asking, we are almost in 2022 please 1 Like |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by Myjust(f): 7:11am On Sep 19, 2021 |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by humilitypays(m): 7:11am On Sep 19, 2021 |
ENGINEERG:You are so very sound, I nominate you for CBN Governor. This is what we have been screaming but the old fools ruling Nigeria think everything is by using guns and Police 1 Like |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by bkool7(m): 7:12am On Sep 19, 2021 |
When most of our top politicians including the president engage in medical tourism. Do you know the number of people that have visited Tinubu in UK lately? They all changed naira to dollar. I don't even have any issue with ÀbokisFX, that's just like chasing shadows. They're mere speculators. We have them in Sport, foreign Crude sales etc. The real issue is the Finace Ministryand CBN not knowing what they're doing, and failure of the FG to diversify the economy in ways that it'll impact the economy. This cant happen because even the President never leads by example 2 Likes |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by ivolt: 7:13am On Sep 19, 2021 |
hmmn |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by techWriter1: 7:14am On Sep 19, 2021 |
An Administration with Social press league but poor economic league is handcuffed to refuse… |
Re: Bureaux De Change Join CBN’s Battle Against Illegal FOREX Dealers by Ajiswaggs(m): 7:15am On Sep 19, 2021 |
Good move. At least we go hear word small from those people always shouting you don't know dollar don high abi. The Abokifx na criminal, I don't trust his updated rates. |
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