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Nairaland Forum / Nairaland / General / Business / CBN Adopts Flexible Exchange Rate Policy (39448 Views)
Exchange Rate As Of Today / Forex: CBN Throws Naira Into Open Market, Nullifies N197/$ Exchange Rate / Today's Naira Exchange Rate (2) (3) (4)
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CBN Adopts Flexible Exchange Rate Policy by superstar1(m): 6:09pm On May 24, 2016 |
After a long wait, the Monetary Policy Committee of the Central Bank of Nigeria has bowed to pressure, thus, directing its management to switch to a flexible exchange rate policy. http://dailypost.ng/2016/05/24/cbn-finally-adopts-flexible-exchange-rate-policy/ 2 Likes 3 Shares
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Re: CBN Adopts Flexible Exchange Rate Policy by beejaay: 6:13pm On May 24, 2016 |
oya won...medicine after death!!!!!!!!!!!!! the current economy woes would av been avoided if the NEC and MPC had been thinking.... this stand wont solve any problem now, rather it will aggravate it 57 Likes 3 Shares |
Re: CBN Adopts Flexible Exchange Rate Policy by Nobody: 6:14pm On May 24, 2016 |
But where is lalasticlala sef 1 Like |
Re: CBN Adopts Flexible Exchange Rate Policy by benedictnsi(m): 6:14pm On May 24, 2016 |
This CBN people are just incompetent...... They seem confused and lacks bearing / direction 40 Likes 2 Shares |
Re: CBN Adopts Flexible Exchange Rate Policy by nigeriafilm(m): 6:15pm On May 24, 2016 |
If this is true, then I will key into the school of thought that says "APC/PMB don't seems to know exactly what they are doing" 162 Likes 7 Shares |
Re: CBN Adopts Flexible Exchange Rate Policy by importexpert(m): 6:21pm On May 24, 2016 |
lets see how this will work out. |
Re: CBN Adopts Flexible Exchange Rate Policy by Mixty: 6:35pm On May 24, 2016 |
The number of policy somersault by the government is alarming: Yesterday: We won't increase fuel price Today: they increase fuel price Yesterday: We won't privatize refineries. Today: We will privatize refineries by December etc etc And now..... Yesterday: We will make 1 naira equal to 1 dollar Today: We won't devalue the Naira at 199Naira to 1 dollar Tomorrow: We will devalue Naira (flexible forex) This government is the most clueless and confused government ever in the history of Nigeria 200 Likes 15 Shares |
Re: CBN Adopts Flexible Exchange Rate Policy by hucienda: 6:35pm On May 24, 2016 |
We will not devalue the naira- Day X We will devalue the naira- Day X + 1 We will adopt flexible forex- Day X + 2... . . . A day in the life of the confused administration of a peculiar country south of the Sahara. 75 Likes 5 Shares |
Re: CBN Adopts Flexible Exchange Rate Policy by free2ryhme: 6:35pm On May 24, 2016 |
useless people ![]() 52 Likes |
Re: CBN Adopts Flexible Exchange Rate Policy by free2ryhme: 6:35pm On May 24, 2016 |
yeye people 50 Likes 1 Share |
Re: CBN Adopts Flexible Exchange Rate Policy by looseweight: 6:36pm On May 24, 2016 |
This is what you get when you vote for someone whose only certificate is NEPA bill..... We Shall Survive this by God's Grace 79 Likes 3 Shares |
Re: CBN Adopts Flexible Exchange Rate Policy by favouritesahaba: 6:36pm On May 24, 2016 |
These people should let us know where we are going once and for all. 21 Likes 1 Share |
Re: CBN Adopts Flexible Exchange Rate Policy by aljharem(m): 6:36pm On May 24, 2016 |
medicine after death. If they have adopted this policy since, our exchange would not be in the 300s. Apc as a party think to lead (not rule) is by propaganda and lies. Lol stupid party , dumb followers 71 Likes 5 Shares |
Re: CBN Adopts Flexible Exchange Rate Policy by DonatusAdorns(m): 6:36pm On May 24, 2016 |
ok |
Re: CBN Adopts Flexible Exchange Rate Policy by obailala(m): 6:37pm On May 24, 2016 |
If this is true, and if it is what I think it is, then it means the FG/CBN has finally succumbed to the tremendous pressures mounted on the Nigerian economy from external forces. Whether this would truly augur well for Nigeria as the textbooks keep saying, only time would tell. It is well! 4 Likes 1 Share |
Re: CBN Adopts Flexible Exchange Rate Policy by Ultimus: 6:37pm On May 24, 2016 |
in lay man terms what does this new development mean.... 14 Likes 2 Shares |
Re: CBN Adopts Flexible Exchange Rate Policy by adconline(m): 6:37pm On May 24, 2016 |
They keep following their leaders as Zombies while their leaders keep bowing to IMF pressure.. See them cursing IMF!! 10 Likes |
Re: CBN Adopts Flexible Exchange Rate Policy by Philinho(m): 6:37pm On May 24, 2016 |
trial n error government 13 Likes 1 Share |
Re: CBN Adopts Flexible Exchange Rate Policy by Samelle(f): 6:38pm On May 24, 2016 |
Mercy, Lord!! ! ![]() 10 Likes |
Re: CBN Adopts Flexible Exchange Rate Policy by olasclef(m): 6:38pm On May 24, 2016 |
Laughing in british english.."lololololololo" Another reversed order. 12 Likes |
Re: CBN Adopts Flexible Exchange Rate Policy by freeze001(f): 6:38pm On May 24, 2016 |
They obviously weren't paying attention when the classes about stitches and time were taught. They just keep practising voodoo economics, a healthy dose of deceitful integrity thrown in the mix along with some Sai baba sycophancy for good measure and voila! His one month in office is better than 5yrs of GEJ...let me see them say rubbish on May 29 and beyond...Nonsense! 34 Likes 3 Shares |
Re: CBN Adopts Flexible Exchange Rate Policy by Nobody: 6:38pm On May 24, 2016 |
Just don't devalue what is left of the naira. Those shouting devalue will come back to shout when a matchbox equals #100. Just imagine politicians returning all their looted funds in US dollars, we would have surplus dollar to augment our failing economy. But no, they had prefer keeping them in foreign countries. Corrupt politicians are the common enemy of all. 20 Likes 2 Shares |
Re: CBN Adopts Flexible Exchange Rate Policy by heybeemoney(m): 6:38pm On May 24, 2016 |
on my way to OTUEKE,,, GEJ must hear dis. pls I need sound financial analyst to explain to us d pros n Con's of dis latest development, pls don't b bias. 21 Likes 1 Share |
Re: CBN Adopts Flexible Exchange Rate Policy by DickDastardly(m): 6:38pm On May 24, 2016 |
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Re: CBN Adopts Flexible Exchange Rate Policy by Dexpro: 6:39pm On May 24, 2016 |
The beginning of the end 5 Likes |
Re: CBN Adopts Flexible Exchange Rate Policy by usbcable(m): 6:39pm On May 24, 2016 |
this govt needs to be forthright with their sayings and actions. today they say something tomorrow they go back to do another 11 Likes |
Re: CBN Adopts Flexible Exchange Rate Policy by habefeh(m): 6:39pm On May 24, 2016 |
Ok o 1 Like |
Re: CBN Adopts Flexible Exchange Rate Policy by k2kay(m): 6:39pm On May 24, 2016 |
This APC-led government hasn't got a clue..... 20 Likes |
Re: CBN Adopts Flexible Exchange Rate Policy by Nobody: 6:39pm On May 24, 2016 |
favouritesahaba:They dont know where they are going Looking up to them for directions is at your own peril 32 Likes |
Re: CBN Adopts Flexible Exchange Rate Policy by tonio2wo: 6:40pm On May 24, 2016 |
Mtcheww! I was expecting to see "bow to pressure, sacks all the politicians children they employed through the back door". ![]() 16 Likes 2 Shares |
Re: CBN Adopts Flexible Exchange Rate Policy by DickDastardly(m): 6:40pm On May 24, 2016 |
Keneking:No go name your pikin lalasticlala o. Na just nairaland monicker o. 3 Likes 2 Shares |
Re: CBN Adopts Flexible Exchange Rate Policy by GeneralShepherd(m): 6:40pm On May 24, 2016 |
I must confess that prior to the election, I believed APC hook,line and sinker. All their propaganda was the ultimate truth in my head. The propaganda worked on me, I was Zombified. One year after, it is clear to me that Buhari has no grasp of Management. Well, like we were warned before, a man that has had a constant number of cows (150)over 12 years without growth is really a bad choice. 7 Likes |
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