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Nairaland Forum / Science/Technology / Technology Market / Exchange Rates Of International Currencies >>>Updates on First Page<<< (1259390 Views)
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Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Ymodulus: 10:30am On Dec 10, 2015 |
mployer: Even at that some banks can still single handedly make decisions of their own. Stanbic maintains $2000 limit, buy gtbank says $300 and firatbank says $500. Ecobank is $100 @ 215 exchange rate. Skye bank is not more than N20,000 limit at 216.8, zenith is #228/ $1. Sir do you still want to tell me that the cbn set all these rate ![]() Bank can compete among themselves, but they still make decisions single handedly, and this exchange rate is one. 6 Likes |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by mayorall(m): 10:32am On Dec 10, 2015 |
Ymodulus: Abok...i boy. cos Aminst508 no dey Osogbo, uno gree showface. Woman rapper olori nla ![]() Oya watch , access bank is the cheapest now. Just wait till next week. They monitor competitors from here. Ain't being myopic. |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by warrenweste(m): 10:36am On Dec 10, 2015 |
capspeter: closed facebook user group sounds nice thats if the evil bast..a.rds dont read d newsfeed ![]() |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Ymodulus: 10:42am On Dec 10, 2015 |
mayorall:Hahahahaha. Them no let me na. I dei lag enter this morning. I fit enter osun before I go Kano. Na me go see you. ![]() ![]() ![]() |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Ymodulus: 10:44am On Dec 10, 2015 |
mayorall:Nope, it cost nothing for them to go open account with all banks and use for online transaction, as a business man ready to make profit. You will do such. Beside the rates can be verified by calling customer care of any bank. You get rate for the day. So you don't need to say this thread. Take it or leave it, as long as the Central Bank of Nigeria gives banks free hand to determine their rate on their card, the Banks will continue to increase their rate. My problem, with Mr President and Governor of CBN is that, they want to peg the Dollar at all cost in 199/$1 but they forget to control the banks and yet want to control the black market. The macroeconomic variables in aspect of Interest rate, inflation rate have a direct significant relationship with exchange rate. However most economist will agree with me that this is the first time, we seeing some abnormalies. My brother, I am a stunt supporter of Buhari but I have to say if these is how we will go on during these era of so called corruption fight. Then please I want to go back to the Corruption era of Jonathan 5 Likes |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Youngzedd(m): 10:47am On Dec 10, 2015 |
Eghosa1: We have two lines there. Settled. |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by mployer(m): 10:50am On Dec 10, 2015 |
Ymodulus: cbn didn't set the rates. Most times they don't. It comes as an informal and undocumented agreement within the sector. A banker friend told me how the banks came about the 0.1% charge on withdrawals from dormicialary accounts. He said they noticed that an importer in Aba can deposit 30,000usd in their Aba branch and come to Lagos the next day to withdraw it for a business trip. The money doesn't stay long in the bank and as a result do not benefit them. The banks had to come together and agree on 0.1% charge on every withdrawal from dormicialary account. At such times, one bank can't do it alone to avoid being blacklisted by customers, so they have to consult other banks to follow suit. I believe something like this is happening presently in card forex. Cbn has not increased price, yet everyone is increasing price daily . 1 Like |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Ymodulus: 10:54am On Dec 10, 2015 |
mployer: And this is where CBN gets it wrong. As long as the FoREX of any country is concerned it is one of the vital elements that make up the macroeconomic variables. And it's too big to be neglected. Sir, on your 0.1% I don't think it works with Union Bank. I will try get a form I saw recently on that. |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by dalemat: 10:55am On Dec 10, 2015 |
check my signature jamarionj: |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by classicsamuel(m): 10:55am On Dec 10, 2015 |
Guys what's the latest rate for $ in Stanbic bank |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by tyconcepts(f): 10:57am On Dec 10, 2015 |
mayorall:All the banks don crase patapata. |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by tyconcepts(f): 10:58am On Dec 10, 2015 |
4 Likes |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by kaboninc(m): 11:26am On Dec 10, 2015 |
Ymodulus: I catch you for this one! |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by justi4jesu(f): 11:30am On Dec 10, 2015 |
Ymodulus: You are welcome. ![]() |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Ymodulus: 11:31am On Dec 10, 2015 |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Ymodulus: 11:33am On Dec 10, 2015 |
justi4jesu:Lol ![]() Na corruption sure pass. At least during corruption money dei around. I believe even you ma, you suffering from this corruption fight. Business decline. Buhari administration is teaching me that even Jesus cannot address the woes of Nigeria. Corruption anyday any time 1 Like |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by kaboninc(m): 11:37am On Dec 10, 2015 |
Ymodulus: You just dey take style dissociate yourself from Buhari. I dey look you with inflowD ![]() ![]() ![]() |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by winetapper: 11:42am On Dec 10, 2015 |
WhatsApp group, Facebook group, Nairaland secret group or not Banks monitor them self they don't need Nairaland They would just call the bank customer care and get every info they need shikina Keep updates here 2 Likes |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Ymodulus: 11:49am On Dec 10, 2015 |
kaboninc: My oga. Now I no dei affiliated with any party. It's better for one to strive on how to move forward and live politics alone. Thats what I have decided and I will do. Nigeria is dead and gone. Buhari is on his own. Me am on my own we have our life to live. I also dei expect the inflow. Today evening will know what's up |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Ymodulus: 11:51am On Dec 10, 2015 |
winetapper: This is what I said. I don't really need to come to nairaland. I can just call bank customer care that's easy or twit at their twitter page. That's even faster. So nairaland does not mean a thing to them 1 Like |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Konnektions146(m): 11:53am On Dec 10, 2015 |
Just as some said, taking this off here wont make any meaning, banks wanna stay competitive so to say, for some reasons, they hike price to make more money and i really cant get my head around it but i know the bank rates on cards is not dependent on what they see here. Don't forget the R& ![]() NIgerians use cards daily and ask me the % number of users that are on this forum and actually follow this thread--- a little fraction. lets just forget this and move on as it comes, hoping CBN relaxes some policies that would favour us. Cheers 2 Likes |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by ogeachonwa(m): 12:40pm On Dec 10, 2015 |
Mine Bitcoin here. This mining engine helps you to mine Bitcoin from your computer whether or not you are online. https://cldmine.com/?ref=21924 contact me on ogeachonwa1@yahoo.com for further explanation. |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Mariesio: 12:42pm On Dec 10, 2015 |
Konnektions146: We should all know what determines the FOREX rate is the forces of demand and supply. Demand has risen with the the festive period.... it is normal as a seller of FOREX to increase your price. Also, what is the percentage of people who demand FOREX nationwide that are on Nairaland? We have so many companies who buy FOREX daily who are not monitoring Nairaland. So we shld not conclude that our discussion here are relevant to the FOREX rate increase. Lets continue to update here... means nothing to them. 2 Likes |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by mployer(m): 12:47pm On Dec 10, 2015 |
Konnektions146: You probably have not being following this thread closely. Firstbank visa card was N200 for months. Two days after the news got here, the rate changed. Skye was 215, few days after the news got here, their limits was slashed too 100 dollar per day. Gtb was 220 after IBTC rose to 235. Few hours after the news got here, their rate became 230. Somebody reminded us here that access is still 225, few hours later we heard 255. The pattern is that the low rate never changes until the news gets here. It is more than coincidence. 1 Like 1 Share |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by mavinc4u(f): 12:49pm On Dec 10, 2015 |
ryusufu: Check it later, their rate is N255. Just leave it the way you saw it. No complain |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Ymodulus: 12:50pm On Dec 10, 2015 |
mployer: Access is still 225. Very sure. Beside all you posted above does not mean. |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by einsteino(m): 12:52pm On Dec 10, 2015 |
Isn't this corruption? Banks now sell like black market, the disparity between their rates and CBN official buying rate is outrageous. There must be something we can do to put these guys in check. Isn't there any regulation guiding their rates? or is it just an anything goes market? 1 Like 1 Share |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by mavinc4u(f): 1:03pm On Dec 10, 2015 |
Ymodulus: Ymodulus, I am beginning to suspect you. Access is N255. Period. |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by einsteino(m): 1:03pm On Dec 10, 2015 |
ezyra:Do you have a us paypal account? |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by mployer(m): 1:03pm On Dec 10, 2015 |
Ymodulus: Mayorall posted this, maybe you should tell him he photoshoped it. In as much we wish this thread is not monitored, the change pattern suggests it is.
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Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by mavinc4u(f): 1:08pm On Dec 10, 2015 |
See bankers in disguise shouting about releasing the information here when they are the ones spoiling everything. I wonder how many promotion they have gotten as a result of releasing this information to their management. Anyway you guys can continue giving them the information. 3 Likes 1 Share |
Re: Exchange Rates Of International Currencies >>>Updates on First Page<<< by Ymodulus: 1:31pm On Dec 10, 2015 |
mavinc4u:. www.nairaland.com/attachments/3171533_screenshot20151209181639_jpegbbb6f00ff8a0050e37d783e9d4e5e8f0 |
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