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Nairaland Forum / Nairaland / General / Business / CBN Takes New Measures To Save The Naira From Crash (30921 Views)
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Re: CBN Takes New Measures To Save The Naira From Crash by rexlims(m): 6:26pm On Aug 14, 2023 |
Not until Nigeria starts producing about 70% of it's current imports, my dear there isn't any measure CBN will take that will make d naira not continue to slide before d dollar. |
Re: CBN Takes New Measures To Save The Naira From Crash by Nobody: 6:27pm On Aug 14, 2023 |
Edipet:Nigeria is a complex country and not ready to face reality. No body will buy what you said But they want naira to dollar be like 100 naira. Even politicians are not ready to cut costs. I believe tinubu is doing this deliberately to make importation difficult and less attractive against local production. Everything is scattered and un interesting. Very complex country that nothing works. 1 Like |
Re: CBN Takes New Measures To Save The Naira From Crash by stormborn28(m): 6:27pm On Aug 14, 2023 |
IconicR: You are living in a dream land |
Re: CBN Takes New Measures To Save The Naira From Crash by correctguy101(m): 6:28pm On Aug 14, 2023 |
Na so... Phantom solutions... Ask them to explain the measures now, you'll hear things like : "we will, we are trying to, we have set up a committee" . Yet nothing will be done. Like they don't know how all these started. Yeye dey smell |
Re: CBN Takes New Measures To Save The Naira From Crash by twosquare(m): 6:29pm On Aug 14, 2023 |
Maybe...that will be partly...but some heads are about to roll...anyone still holding with speculation will lose...time to offload. SalamRushdie: |
Re: CBN Takes New Measures To Save The Naira From Crash by Ayoola171(m): 6:29pm On Aug 14, 2023 |
That will be fine. |
Re: CBN Takes New Measures To Save The Naira From Crash by Tareq1105: 6:29pm On Aug 14, 2023 |
Didi2d: Until BDC operators are dealt with. BDC operators are not allowing capital inflow especially those through Diaspora Remittance to pass through official channel. Buhari/Emefiele govt licensed highest number of BDC in the history of Nigeria. |
Re: CBN Takes New Measures To Save The Naira From Crash by obi4eze(m): 6:29pm On Aug 14, 2023 |
Rubbish |
Re: CBN Takes New Measures To Save The Naira From Crash by Nobody: 6:29pm On Aug 14, 2023 |
ganisucks: Nothing can work except economic development |
Re: CBN Takes New Measures To Save The Naira From Crash by MichaelSokoto(m): 6:29pm On Aug 14, 2023 |
Alchemy528:so u don't believe ur emilokan b4? u go explain taya! |
Re: CBN Takes New Measures To Save The Naira From Crash by Godstiger(m): 6:29pm On Aug 14, 2023 |
So after auto piloting it they are now saving it from crash 1 Like |
Re: CBN Takes New Measures To Save The Naira From Crash by Nobody: 6:30pm On Aug 14, 2023 |
IconicR: Stand up comedy 1 Like |
Re: CBN Takes New Measures To Save The Naira From Crash by descarado: 6:30pm On Aug 14, 2023 |
Righthussle: |
Re: CBN Takes New Measures To Save The Naira From Crash by imoh4king(m): 6:32pm On Aug 14, 2023 |
Perfectnumber6: Is it nairalanders or Nigerian youths that are clouded with ignorance? There are certain measures employed by Central Banks globally to ease depreciation of any particular currency. One of such is QUANTITATIVE EASING.... This is when the depreciating cash is pumped into the economy which will ease supply of the quoted currency thereby strengthening it. The second method is REDUCTION IN MONETARY INTEREST RATE.... This is the borrowing interest rate pegged by the Central Bank of the depreciating economy to attract foreign investors which also strengthens the base currency. There are numerous other methods... Read up. |
Re: CBN Takes New Measures To Save The Naira From Crash by Powersurge: 6:32pm On Aug 14, 2023 |
SalamRushdie: This will be terrible. 2 Likes |
Re: CBN Takes New Measures To Save The Naira From Crash by imoh4king(m): 6:33pm On Aug 14, 2023 |
rexlims: Dumb ass |
Re: CBN Takes New Measures To Save The Naira From Crash by alezzy13: 6:34pm On Aug 14, 2023 |
Akwamkpuruamu: It's a no brainer. Our choices have to be any of the following: a. Start printing dollars b. Reduce our import (or ban certain items) c. Increase our exports d. Use our foreign reserves to meet the demand (artificially defending the naira) e. ? 1 Like |
Re: CBN Takes New Measures To Save The Naira From Crash by ismhab(m): 6:35pm On Aug 14, 2023 |
ProfBY: Had it, you have the chance to vote, who will you casted your vote for? |
Re: CBN Takes New Measures To Save The Naira From Crash by Didi2d(m): 6:35pm On Aug 14, 2023 |
Tareq1105: Then, the government should handle them with ion hand. Buhari follow cause this particular problem |
Re: CBN Takes New Measures To Save The Naira From Crash by xandy84: 6:40pm On Aug 14, 2023 |
While I support most of his policies, the implementation is wrong. Removing 💯 subsidy is a grave mistake. Subsidy should have been removed incremental like 25 per cent every quarter so the economy can adjust and supply and demand find it equilibrium Putinofrussia: 1 Like |
Re: CBN Takes New Measures To Save The Naira From Crash by Okiemute101: 6:41pm On Aug 14, 2023 |
Lamba |
Re: CBN Takes New Measures To Save The Naira From Crash by judedwriter(m): 6:41pm On Aug 14, 2023 |
Whatever it is, please let them hurry up before naira reaches 1000 to a dollar!!! |
Re: CBN Takes New Measures To Save The Naira From Crash by harmargedon: 6:41pm On Aug 14, 2023 |
IconicR:see who wants to save naira, he's the king pin of money laundering, Abi you self don forget bullion van saga? Nawa for you oh. |
Re: CBN Takes New Measures To Save The Naira From Crash by alezzy13: 6:42pm On Aug 14, 2023 |
imoh4king: Seriously? QE at such galloping inflation like ours?? which kin economic theory be this? |
Re: CBN Takes New Measures To Save The Naira From Crash by xandy84: 6:45pm On Aug 14, 2023 |
While I support most of his policies, the implementation is wrong. Removing 💯 subsidy is a grave mistake. Subsidy should have been removed incremental like 25 per cent every quarter so the economy can adjust and supply and demand find it equilibrium but he removed it once and kill almost every small businesses. I will give you an example. I have a friend to import rice from US. A bag of rice usually cost 50k before Tinubu regime but the same bag cost 100k now. He has over 200 bags of rice without a single buyer. The astronomical rise in price makes it impossible for businesses to survive and hereby multiple our unemployment rate. You don't remove subsidy and float the naira without the economy taking a major hit. Putinofrussia: 1 Like |
Re: CBN Takes New Measures To Save The Naira From Crash by nedekid: 6:46pm On Aug 14, 2023 |
Putinofrussia:Please, you pity Tinubu for what? He claimed it was his turn, turn to do what? To bear the name of president? Or to fix the country? Are the lives of 200m people something to play around with? The destiny of millions of people? If we were messed with during buhari's time, did we have to take such chances again? Others said they were prepared to change things, prepared to take the blame and said blame me if things don't work, gave figures and statistics from research, for tribal reasons folks called him lier, warehouse economics, e too lie, fake statistics etc. No problem, we have moved on. The issue now is our president has no excuses, Nigerians also should not make excuses for him. He must perform oh. You cannot just come and mess up our lives. We must all stand up and demand, be you Yoruba, Hausa, igbo, edo etc. This is not tribe matter because it affect our lives and future of our generations. Anyone that things he is there to messup, Nigerian must deal with him as that do in China! If you know, you do not have what it takes to make changes, do not run for office! |
Re: CBN Takes New Measures To Save The Naira From Crash by Dejijossy(m): 6:46pm On Aug 14, 2023 |
ganisucks: CBN gov now awake? |
Re: CBN Takes New Measures To Save The Naira From Crash by uncleu01: 6:48pm On Aug 14, 2023 |
Righthussle: Have checked the date of the tweet? |
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