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Nairaland Forum / Nairaland / General / Politics / A Dollar To Naira Now N1075.75 (8641 Views)
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A Dollar To Naira Now N1075.75 by Biodun556(m): 12:37pm On Mar 26 |
Steadily 2 Likes 2 Shares
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Re: A Dollar To Naira Now N1075.75 by DaniellaDokubo(f): 12:41pm On Mar 26 |
Government is selling off its FX reserves. This is not a sustainable solution. Way to go. EXPORT goods and service! 10 Likes 3 Shares |
Re: A Dollar To Naira Now N1075.75 by Biodun556(m): 12:45pm On Mar 26 |
DaniellaDokubo: It is the way to go. Central bank is the primary supplier of FOREX worldwide. As long as bureau de change and banks comply with CBN price , the government will get value for the dollars they are selling Unlike before when official price was 400 and parallel market was 900 which invariably gave all the government earnings to private individuals 21 Likes 2 Shares |
Re: A Dollar To Naira Now N1075.75 by helinues: 12:46pm On Mar 26 |
Slow and steady 26 Likes |
Re: A Dollar To Naira Now N1075.75 by Babalegba(m): 12:48pm On Mar 26 |
DaniellaDokubo:Export goods and services with diesel abi. 2 Likes |
Re: A Dollar To Naira Now N1075.75 by seunowa(f): 12:50pm On Mar 26 |
Biodun556:Blessings to u in all your doings.. With these policies framework in motion. The nation foreign reserve is augmenting which in short time usher the nation to economy prosperity... 9 Likes 2 Shares |
Re: A Dollar To Naira Now N1075.75 by Putindbutt: 12:51pm On Mar 26 |
DaniellaDokubo:Who is this illiterate?, what do you mean by "selling off"?. Government is even earning more as we speak through market liquidity. 12 Likes 1 Share |
Re: A Dollar To Naira Now N1075.75 by mrvitalis(m): 12:54pm On Mar 26 |
Biodun556:The only issue is you don't have the reserve to back this up long term... Can't even last 1 month 3 Likes |
Re: A Dollar To Naira Now N1075.75 by Biodun556(m): 12:55pm On Mar 26 |
mrvitalis: The dollars sold by CBN is not from reserve it is from exports 12 Likes |
Re: A Dollar To Naira Now N1075.75 by Thormentor: 12:58pm On Mar 26 |
Biodun556:is it's sustainable? or are we just going in circles as always 3 Likes |
Re: A Dollar To Naira Now N1075.75 by Biodun556(m): 12:59pm On Mar 26 |
Thormentor: 2 Likes 2 Shares
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Re: A Dollar To Naira Now N1075.75 by softtorce: 1:00pm On Mar 26 |
Wetin you Sabi with your fake transgendered monicker DaniellaDokubo: 5 Likes 1 Share |
Re: A Dollar To Naira Now N1075.75 by mrvitalis(m): 1:00pm On Mar 26 |
Biodun556:Lol πππ which school u go abeg? 3 Likes |
Re: A Dollar To Naira Now N1075.75 by Thormentor: 1:02pm On Mar 26 |
[quote author=Biodun556 post=129116900][/quote] How do we fund our budgets? still borrowing? selling off crude oil in advance? |
Re: A Dollar To Naira Now N1075.75 by Donaldoni: 1:02pm On Mar 26 |
DaniellaDokubo: Rather our forex reserve is INCREASING Get your facts right! 3 Likes |
Re: A Dollar To Naira Now N1075.75 by DaniellaDokubo(f): 1:14pm On Mar 26 |
Donaldoni: Keep quiet and go and look for work like your mates! 2 Likes |
Re: A Dollar To Naira Now N1075.75 by DaniellaDokubo(f): 1:17pm On Mar 26 |
softtorce: Keep quiet and go and look for work like your mates! 1 Like |
Re: A Dollar To Naira Now N1075.75 by DaniellaDokubo(f): 1:18pm On Mar 26 |
Putindbutt: Keep quiet and go and look for work like your mates! |
Re: A Dollar To Naira Now N1075.75 by DaniellaDokubo(f): 1:18pm On Mar 26 |
Babalegba: Keep quiet and go and look for work like your mates! |
Re: A Dollar To Naira Now N1075.75 by softtorce: 1:23pm On Mar 26 |
See me see wahala...lol A NL resident jobless clown telling those to visit every now n then to go look for work. Wonders shall never end. DaniellaDokubo: 3 Likes |
Re: A Dollar To Naira Now N1075.75 by codeworks(m): 1:25pm On Mar 26 |
How much is pounds in BDC |
Re: A Dollar To Naira Now N1075.75 by Donaldoni: 1:26pm On Mar 26 |
DaniellaDokubo: I am at work 2 Likes |
Re: A Dollar To Naira Now N1075.75 by obinna58(m): 1:32pm On Mar 26 |
mrvitalis:Correct am na if you think heβs not right, why showing stupidity 2 Likes |
Re: A Dollar To Naira Now N1075.75 by Hoelujohn: 1:33pm On Mar 26 |
DaniellaDokubo:And those mad people that earn the dollars through export will sell it to BDC or hoard it. |
Re: A Dollar To Naira Now N1075.75 by Hoelujohn: 1:33pm On Mar 26 |
DaniellaDokubo:And those mad people that earn the dollars through export will sell it to BDC or hoard it. |
Re: A Dollar To Naira Now N1075.75 by senatordave1(m): 1:36pm On Mar 26 |
mrvitalis: This has lasted two months sir 3 Likes |
Re: A Dollar To Naira Now N1075.75 by Hoelujohn: 1:38pm On Mar 26 |
mrvitalis:How many BDCs do we have? Approximately 1500. Multiply it by 10000 dollars per week. That means each BDC gets 40k per week. Multiply that by 12 months a year and by 1500 BDCs. The total is not up to 800k dollars a year. That is less than government weekly earnings on crude oil export. 5 Likes 1 Share |
Re: A Dollar To Naira Now N1075.75 by mrvitalis(m): 1:46pm On Mar 26 |
Hoelujohn:So in your head that can meet of up the dollar demand? What you would achieve is Buhari 101 massive difference between official rate and black market rate Say I want to set up a small factory and need $500k to buy machines or raw materials... Where do you think I would go? ... U think I won't pay 10% above price to get my money in 1 week? |
Re: A Dollar To Naira Now N1075.75 by mrvitalis(m): 1:46pm On Mar 26 |
senatordave1:Lol πππ which last two months |
Re: A Dollar To Naira Now N1075.75 by senatordave1(m): 1:49pm On Mar 26 |
mrvitalis: Why so hateful and negative? The dollars will still keep falling sir and obi will never rule 7 Likes |
Re: A Dollar To Naira Now N1075.75 by rinzaugustine: 1:50pm On Mar 26 |
What kind of economic policy is selling the dollars you have to bolster exchange rate ? Why would a sane mind believe this will work long term and be dissuaded from hoarding the dollar? Once they stop all these FX selling, the next fall of the dollar will be around the 3 thousand naira mark β¦bunch of useless quacks 1 Like |
Re: A Dollar To Naira Now N1075.75 by ngwaIgbo223: 1:52pm On Mar 26 |
I Love this. 3 Likes |
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