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Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Ymodulus: 10:03pm On Aug 19, 2015
tradeplusib:


Customer care called back for further details and said it will be rectified in 24hrs, fingers crossed

Call the ccare.

014222222

Ask them to transfer you to Beauty or Jonathan those are the reasonable stanbic care ccare.

Yours is small I had ,-510510 but was resolved same day. Even jeff1206 can tell you his experience, we had a transfer of up 1Million and the bank held the money saying we should come for verication.

Spark for their ccare and they will answer you. Today I got my money back not exceeding at most 2Working days ( this is their slang or let us give us time before end of business tomorrow we will get back to you

1 Like

Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by ohans4u(m): 6:22am On Aug 20, 2015
I was charged #226 to $1 ... gtbank master card. 20/08/15
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by alakara(m): 8:05am On Aug 20, 2015
alakara:
Due to popular demand, the thread is created to
monitor the forex rates of the following
currencies:
USD =US Dollars $;
CNY =Chinese Yuan ¥;
AED =UAE Dirham D;
GBP= Pound £
Euro €.
The format below should be used:
Bank : Currency : Rate : Date : Nairalander



STANBICIBTC: USD: #212 AUG 17: alakara
DIAMOND : USD : #215: AUG 5 : benebaby77
STERLING : USD : #220 : AUG 12 : wahwah
ZENITH : USD : #221.5: AUG 18 : naital

ACCESS : USD: #225 :AUG 16 : holuphisayor
GTB : USD : #226 : AUG 20 : ohans4u
FCMB: USD: #227 AUG 4 : stPete
FIDELITY: USD: #228 : AUG 17 : tayoast

FIRST BANK : USD : #230 : AUG 18 : legalwealth

UBA: USD : #234.1 : AUG 11 : opeyemi5
UNION: USD: #236.88: AUG 16: DIZZYBIZZY


STANBICIBTC: ¥ :#34.6: AUG 3: KODILICh
STANBICIBTC : £: #244.61 : AUG 19 : opeyemmmy
STANBIC : € : #244.61 : AUG 19 : opeyemmmy.

Thanks as you update this thread.
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by dragnet: 8:05am On Aug 20, 2015
sherif4owo:
less than 24hrs
I was told 5-7 days by card services
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Youngzedd(m): 9:41am On Aug 20, 2015
Clone2020:


Western Union Exchange rate as of today, 1USD = 197.3NGN. I just called First bank and they broke down the Western Union charges. The call center lady spoke too fast when giving the different charges based on the amount to be sent. But I remember her saying they charge N16,000 for N150,000 to maybe 300,000(not sure about this one). And the limit is $5,000 per day, however you cannot send cash due to the restrictions but you can send from your bank account. So I guess you just have to deposit the money into your account and send it.

But is this exchange fair? So lets say you want to send/buy $1000, it will cost you ($1000 X N197.3) + N16,000 = N213,300. When you divide it by 1000, its like you bought dollar at the exchange rate of 213.3/$. I guess its slightly cheaper than using Using Stanbic to send via paypal. If you were to send $1000 via paypal linked to stanbic account at the current rate of N214/$ it will cost you $1000 X 5% X N214 = N224,700 or N224.7/$.

This whole dollar naira dilemma has made some of us become mathematicians. Pls correct my calculations if you see errors cuz i'm not very good in maths.

First Bank charge over 204 per USD for Western Union excluding charges.

Forget customer service, they know nothing. If you need current rate walk into the bank.

1 Like

Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by teeboy95: 10:26am On Aug 20, 2015
Dollar black market as @ today is 204.
It is now cheaper to buy back market grin
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Habidab: 10:28am On Aug 20, 2015
teeboy95:
Dollar black market as @ today is 204.
It is now cheaper to buy back market grin
Bro that make sense o
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Naital(m): 10:57am On Aug 20, 2015
tyconcepts:


Whayasay??

#121.50 to $1 @ Zenith??

Sorry about that typo error.


It should have been N221.50 for settlement of Naira Mastercard transactions as at said date.
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by abbeyforex(m): 11:26am On Aug 20, 2015
Habidab:
Bro that make sense o

It doesn't make sense ooooo......because no Domiciliary account to deposit the dollar into for now due to the present embargo on dollar deposits by commercial banks .
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Nobody: 11:31am On Aug 20, 2015
abbeyforex:


It doesn't make sense ooooo......because no Domiciliary account to deposit the dollar into for now due to the present embargo on dollar deposits by commercial banks .

exactly, what can you do with the dollars when you have it?
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Habidab: 1:14pm On Aug 20, 2015
abbeyforex:


It doesn't make sense ooooo......because no Domiciliary account to deposit the dollar into for now due to the present embargo on dollar deposits by commercial banks .
that's another force to reckon it
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by McMayor(m): 2:05pm On Aug 20, 2015
I want to send money to my supplier's bank account in China.... Can anyone help with this? Please familiar faces on this section please....
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by tyconcepts(f): 4:39pm On Aug 20, 2015
McMayor:
I want to send money to my supplier's bank account in China.... Can anyone help with this? Please familiar faces on this section please....

Contact Ymodulus
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by jesbu(m): 5:22pm On Aug 20, 2015
Please I want to use my master card in china when I travel. Is there anything I have to do before it will work?
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Nobody: 6:04pm On Aug 20, 2015
blym4real:

create a new thread and invite the mod to move it to front page. I am very sure they have eyes on nairaland.

All others affected can also use the same thread.
creating a thread may not have an effect on the matter.. .I will suggest that we all write to the CBN about this ugly situation.. All this shiiit has got to stop

I see no reason why the card rate should even be higher or at par with the parallel markets rate

Banks charges high rate but refund at low rates..is that not criminal?

If we keep quiet,CBN may feel it is a palatable condition for us

There are many card users on naira land(online payers or on-the-web payers).. If 60% of us can turn up for the fight,may be something will happen

Survey cash has created a thread for the fight against the ineligibility of Nigerians to legally withdraw PayPal funds and a link to the petition was left to be endorsed by all.

We can do same..but this time,email to the CBN will be cool..they will directly feel our displeasure through that medium..

Let's not just keep quiet

If we fight we MAY win
But if we don't, we have lost already

3 Likes 1 Share

Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by McMayor(m): 9:01pm On Aug 20, 2015
tyconcepts:


Contact Ymodulus

Hi, pls give me Ymodulus contact pls if that's possible
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by 989900: 9:43pm On Aug 20, 2015
omoteamac:
creating a thread may not have an effect on the matter.. .I will suggest that we all write to the CBN about this ugly situation.. All this shiiit has got to stop

I see no reason why the card rate should even be higher or at par with the parallel markets rate

Banks charges high rate but refund at low rates..is that not criminal?

If we keep quiet,CBN may feel it is a palatable condition for us

There are many card users on naira land(online payers or on-the-web payers).. If 60% of us can turn up for the fight,may be something will happen

Survey cash has created a thread for the fight against the ineligibility of Nigerians to legally withdraw PayPal funds and a link to the petition was left to be endorsed by all.

We can do same..but this time,email to the CBN will be cool..they will directly feel our displeasure through that medium..

Let's not just keep quiet

If we fight we MAY win
But if we don't, we have lost already

I mailed them already (last week). I suggest everyone does the same.

No reply yet though.
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Infinitikoncept(m): 11:40pm On Aug 20, 2015
McMayor:
I want to send money to my supplier's bank account in China.... Can anyone help with this? Please familiar faces on this section please....
I can help you send it
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Nobody: 6:58am On Aug 21, 2015
989900:


I mailed them already (last week). I suggest everyone does the same.

No reply yet though.
this is naija..they may not take your message serious cos it's only you ...

But when there are many others who write same to them,help is on the way....

People now run protest electronically...we can even write then copy the ministry of finance that's if the ministry has a working email system

2 Likes

Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by laplace12(m): 7:49am On Aug 21, 2015
omoteamac:
creating a thread may not have an effect on the matter.. .I will suggest that we all write to the CBN about this ugly situation.. All this shiiit has got to stop

I see no reason why the card rate should even be higher or at par with the parallel markets rate

Banks charges high rate but refund at low rates..is that not criminal?

If we keep quiet,CBN may feel it is a palatable condition for us

There are many card users on naira land(online payers or on-the-web payers).. If 60% of us can turn up for the fight,may be something will happen

Survey cash has created a thread for the fight against the ineligibility of Nigerians to legally withdraw PayPal funds and a link to the petition was left to be endorsed by all.

We can do same..but this time,email to the CBN will be cool..they will directly feel our displeasure through that medium..

Let's not just keep quiet

If we fight we MAY win
But if we don't, we have lost already

The new CBN management has no intention of protecting the masses from bank exploitation...the banks know this.


I miss the days of Sanusi.
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by tradeplusib: 8:00am On Aug 21, 2015
Ymodulus:


Call the ccare.

014222222

Ask them to transfer you to Beauty or Jonathan those are the reasonable stanbic care ccare.

Yours is small I had ,-510510 but was resolved same day. Even jeff1206 can tell you his experience, we had a transfer of up 1Million and the bank held the money saying we should come for verication.

Spark for their ccare and they will answer you. Today I got my money back not exceeding at most 2Working days ( this is their slang or let us give us time before end of business tomorrow we will get back to you

Thanks. Got my money refunded yesterday! grin
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Mariesio: 9:21am On Aug 21, 2015
Got a refund from paypal via Stanbic @ N207/$ , the amount at which the transaction was made initially. grin
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by alakara(m): 11:02am On Aug 21, 2015
Mariesio:
Got a refund from paypal via Stanbic @ N207/$ , the amount at which the transaction was made initially. grin
congrats to all.
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by flyuche(m): 4:03pm On Aug 21, 2015
Diamond bank. $1 = 225 naira.
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by dalemat: 5:43pm On Aug 21, 2015
It seems black market rate is better than some bank rate. I ask one aboki and he said he can sell $1 for N217. I belive it can be negotiated. To maybe N210 or N215. Are banks ripping us off or what?

access bank N224 to $1
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by abbeyforex(m): 5:50pm On Aug 21, 2015
dalemat:
It seems black market rate is better than some bank rate. I ask one aboki and he said he can sell $1 for N217. I belive it can be negotiated. To maybe N210 or N215. Are banks ripping us off or what?

access bank N224 to $1

through which medium will you spend it even if you buy at $1=#100? Have you forgotten "No dollar deposit policy" by banks recently or you are not aware at all?
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Nobody: 6:33pm On Aug 21, 2015
abbeyforex:


through which medium will you spend it even if you buy at $1=#100? Have you forgotten "No dollar deposit policy" by banks in recently or you are not aware at all?

thats d point. nothing to rejoice about. only for those that can smuggle out to benin republic or ghana and deposit into their dom acct
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by legalwealth(m): 8:35pm On Aug 21, 2015
Mariesio:
Got a refund from paypal via Stanbic @ N207/$ , the amount at which the transaction was made initially. grin

I was as well told such.
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by toluxa1(m): 12:31am On Aug 22, 2015
Na to dey package dollar inside envelop send by DHL remain now o grin
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by AdekunleIG(m): 2:17am On Aug 22, 2015
Stanbic:
PayPal: N212/$

22/08/15
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by rydeorsail(m): 5:32am On Aug 22, 2015
i have been monitoring these thread for awhile
quick questions.

1.)can you walk into a bank in USA and deposit naira?
if thats because its naira .ok
2.) Can you walk into a bank in the UK and deposit US dollar.


These are the question we must ask and be sincer to our self..instead of been so selfish

The only way naira can apprecaite in value is if we ourself(look inward) and support the programme.

2 Likes 1 Share

Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by fadaz(m): 6:38am On Aug 22, 2015
toluxa1:
Na to dey package dollar inside envelop send by DHL remain now o grin
Some people in some locations are already don't this. I term that madness. It's really annoying the way CBN and banks are handling this issue.

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