BishopMagic:


Shut up you bloody liar.


It was 190 as at May 29.


I know because I converted some of my savings to my dorm account in apprehension that it will further fall.

Truckpusher:
Hian! You too like wahala .chai ! Dem swear for you ?

walexy30:


Look at you, you said domiciliary account. We are discussing the parallel market here not official Mr. Man

You know the differential btw. parallwl and official is avout N10; So, if it was N190 from yoir domi, then parallel was about N220 because the diff. was wider then.

BishopMagic:



Passingshit, we are waiting for one naira to be equal to one dollar.


When GEJ left it was trading at 190 and you call 208 progress?


You must be as daft as your boko commander

kennyman2000:


No.. Stanbic still remains at #212.. Am talking about the like of UBA

MizMyColi:

BishopMagic:



Fool.

Better start planting whatever cash crop because the oil will no longer fund your useless parasitic nation.

PassingShot:
Liar! It was way above 220 when GEJ left.

Baawaa:

What will happened when the importers empty their warehouses They will import another goods with new exchange rate,invariably,they will buy more dollars with their Nairas,and it will lead to reduction on imported goods.

donifez:

Thank you for quoting him, 190 koh..190 ni

vivaciousvivi:


Please and please, let's call a spade what it is.
GEJ left this country's economy in ruins and the forex rate did was NOT at N190 when he left. It was around N210. I know this for a fact.

BishopMagic:


Shut up you bloody liar.


It was 190 as at May 29.


I know because I converted some of my savings to my dorm account in apprehension that it will further fall.

BishopMagic:



Olofo you have no argument.


Keep picking arguments from my abbreviations like the foolish clueless zombie Buharist you are.


Whether dorm or dom you got my drift.


Fool

BishopMagic:



Fool. Nobody is requesting for forex anymore other than fuel importers. The economy is at a standstill and just like any hyper inflation storm, the currency which is like the wind stagnates before spiralling down.


Expect the Naira to crash even further.

If you read the article, you will see where the rise in the naira was attributed to the devaluation of the dollar by the US Feds which is in direct response to the chinnese devaluation of their currency.


All the gains fools like you want to attribute to Buhari are what Jonathan did in terms of infrastructure or flimsy flukes with this clueless administration not doing a damn thing.

donifez:

In the parralel market it was not,get ur facts right...what the op wrote is for the parallel market and it was not that rate.

BishopMagic:



Did the dollar not appreciate to 240 in the official market in August?

lonelydora:


Even though i'm a supporter of PMB, i can't help but laugh at this.

osothermal:
sorry to ask How old are you?

Touchforfree:


Ds is what you'll be posting online till THY KINGDOM come by His Grace and the Man will be moving on top of you the Wailers.

Ur role model spent more than 5 yrs there and was booted out but all what wailers like you could do is condemning somebody that's just been there bearly 3 months.

Keep on wailing.....

Truckpusher:
Your laugh dey make me laugh

Oya nau, gimme one concrete ogbonge epistle make I use normalize my head abeg .

You know say I dey use style beef you sha.

You just put me for ignore mode for the other end

Lmao @Epistle.
Not on this thread dear.
I've been following keenly and donating likes to your comments.
I only write epistles on topics I have a degree of certainty on.
This una dollar fall, dollar rise talk still dey do me like abracadabra.
I'm trying hard to comprehend stuff here.

Do Not Disturb

menxer:


So what if the dollar is devalued, must it always be the Naira that is devalued?

If the Naira is appreciating because the dollar is devalued how is that to our disadvantage?

kkkp:
children of hate

BishopMagic:



When has the parallel market ever become superior than the official market?


Can the parallel market supply $10million in a week?

The parallel market operates on the hinges of the official market and has never been used to gauge the money supply but only the confidence level wrt the man on the streets.


Get that straight.


GEJ supplied and guaranteed supply at 190 but under Buhari we have it trading at 208.


So what is there to celebrate?

vivaciousvivi:


Quite so, but I was referring to ur GEJ statement.
Also, please remember PMB did not select the current CBN guv. That again, was all GEJ. I have nothing against the former president per se, but would rather we all stick to facts.

MizMyColi:


You know say I dey use style beef you sha.

You just put me for ignore mode for the other end

Lmao @Epistle.
Not on this thread dear.
I've been following keenly and donating likes to your comments.
I only write epistles on topics I have a degree of certainty on.
This una dollar fall, dollar rise talk still dey do me like abracadabra.
I'm trying hard to comprehend stuff here.

Do Not Disturb

BishopMagic:



Did the dollar not appreciate to 240 in the official market in August?

BishopMagic:



Fool.

Better start planting whatever cash crop because the oil will no longer fund your useless parasitic nation.

donifez:


The country operates mainly on parralel market, The businessmen, Students (schoolfees) etc. all use parralel markets rate,The economy is based on parallel market..even exchange rate in other currencies appreciates when the naira appreciates against the dollar,I am in a state to tell you this because am totally involved with the system and knows how it operates,If dollar falls in the parallel market the economy will get better. The actual pegged rate is a blueprint (building plan), the parallel market is the (building itself)..do you judge as an asset from the plan or structure you can see with ur eyes?

1miccza:


Bros can i chat with you?