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Nairaland Forum / Nairaland / General / Business / Naira Quoted At 253/$ As Interbank Market Opens (46433 Views)
Naira Appreciates To N435/$, As CBN Injects $180m. / Naira Appreciates To N455/$ As External Reserves Hit $30bn / Naira Finally Improves At The Interbank Rate (2) (3) (4)
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Re: Naira Quoted At 253/$ As Interbank Market Opens by bennie1980(m): 11:28am On Jun 20, 2016 |
PassingShot:. What you wrote exists in ideal situation when all things are equal. Do you take cognisance of change in any variable for an instance, the sellers refuse to turn up in the market. What happens to the exchange rate? |
Re: Naira Quoted At 253/$ As Interbank Market Opens by tbaba1234: 11:28am On Jun 20, 2016 |
neocortex: I believe that will also change as dollar liquidity improves... 2 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by tbaba1234: 11:31am On Jun 20, 2016 |
currently: 257.75/$ 5 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by SirAweezy(m): 11:31am On Jun 20, 2016 |
See panic everywhere... SMH to people singing hallelujah already... so you think naira will change 280 against dollar? Where there is no subsidy? Lol. Anyway the inter-bank qoute is one of the Market tricks... it bring dollar down a little... but wait and see what happened in weeks to come. Well in all, floating naira is just one of those CBN risk let's see if it works. |
Re: Naira Quoted At 253/$ As Interbank Market Opens by Mftivi: 11:33am On Jun 20, 2016 |
tbaba1234:the he question is who will sell at that rate to you? Haba una no fit understand simple thing. #250/$ and then ? What ? Dollar will fall from heaven? 2 Likes 1 Share |
Re: Naira Quoted At 253/$ As Interbank Market Opens by Nturguy1122: 11:34am On Jun 20, 2016 |
oshudu:GET OUT OF HERE...pple are talking implications of a policy that can either make us or break us nd u'r here talking nonsense 7 Likes 1 Share |
Re: Naira Quoted At 253/$ As Interbank Market Opens by iwaeda: 11:35am On Jun 20, 2016 |
PassingShot: Zombism has no cure 3 Likes 1 Share |
Re: Naira Quoted At 253/$ As Interbank Market Opens by 2sexycom(m): 11:35am On Jun 20, 2016 |
neocortex:Mr, before the total lock down GTB had increased theirs to $3000 for online spending. 2 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by 4nobody4every1: 11:35am On Jun 20, 2016 |
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Re: Naira Quoted At 253/$ As Interbank Market Opens by tbaba1234: 11:35am On Jun 20, 2016 |
Mftivi: Dollar will come from people that have it... There will be demand and supply... 4 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by mikolo80: 11:36am On Jun 20, 2016 |
crazymommy:ah leave am na. Shebi him wan learn d hard way. just like wan woman telling me because she worked in bank for 12 yrs in bank therefore if she couldn't predict financial meltdown of our stock market then neither could 'layman ' like me. when it was clear that everybody was just buying bank shares during soludo's tenure because of everybody was doing same 2 Likes 1 Share |
Re: Naira Quoted At 253/$ As Interbank Market Opens by PassingShot(m): 11:36am On Jun 20, 2016 |
bennie1980:In a perfect market, all sellers cannot refuse to turn up for no reason. 7 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by Mftivi: 11:36am On Jun 20, 2016 |
PassingShot:I disagree with what you said about the foriegn reserve you and I knew what happened to it. |
Re: Naira Quoted At 253/$ As Interbank Market Opens by Bollinger(m): 11:37am On Jun 20, 2016 |
PassingShot: Not if it is artificially induced. Let's wait for what the aboki is selling for. |
Re: Naira Quoted At 253/$ As Interbank Market Opens by abuamir21(m): 11:37am On Jun 20, 2016 |
PassingShot:na naija we dey o. If u know what i mean |
Re: Naira Quoted At 253/$ As Interbank Market Opens by iwaeda: 11:37am On Jun 20, 2016 |
Mftivi: Many youths are demented. Walk to a bank now,they will tell you it is not available. For how long are we going to deceive ourselves. Please leave zombies to their ignorance. 7 Likes 3 Shares |
Re: Naira Quoted At 253/$ As Interbank Market Opens by eph12(m): 11:38am On Jun 20, 2016 |
AtlanticBreeze:Be optimistic for your own good. There's nothing patriotic about being pessimistic. |
Re: Naira Quoted At 253/$ As Interbank Market Opens by neocortex: 11:38am On Jun 20, 2016 |
2sexycom: Is $3000 their current monthly limit ? |
Re: Naira Quoted At 253/$ As Interbank Market Opens by aisammy4: 11:39am On Jun 20, 2016 |
PassingShot: This is really correct! Kudos to the CBN Gov., atleast rather than devaluing the Naira, its being floated. Yeh, we needed the Naira much as we need dollars in carrying our business transactions. Let the market forces determine the price...look it is maths, If I need maybe $20,000, i could decide I want to buy a dollars for 200, and another person want to buy for 150. I will certainly get the bid. Some how the price for dollar will fall very soon. We can even buy a dollar for N20 as the times pass bye (my prediction). 4 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by PassingShot(m): 11:39am On Jun 20, 2016 |
Mftivi:Please remind me of what happened to it. 3 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by sokera: 11:40am On Jun 20, 2016 |
The real Avengers are the yahoo yahoo boyz.... |
Re: Naira Quoted At 253/$ As Interbank Market Opens by neocortex: 11:40am On Jun 20, 2016 |
Bollinger:Aboki currently sells for 340. 2 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by iboboyswag(m): 11:43am On Jun 20, 2016 |
AtlanticBreeze: The same kind of professors akin to your phd touting clueless president ![]() 9 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by deflover(m): 11:44am On Jun 20, 2016 |
I have read all the talk about this policy....I have had a discussion with a PhD friend of mine who is in support of this government and wants us to pray....lol I love prayer but the institutional investors don't pray they act the fundamentals are bad....the news is just an ill attempt to cover our exposed private parts it wont work watch us buy dollar at 600naira in a few months oil is still down manufacturing is down power is down insecurity is high food is scare this will only increase demands on the dollar. trust me naira is tissue paper now with dry shit on it no one will touch naira with a stick 5 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by Sunnynwa: 11:45am On Jun 20, 2016 |
martineverest: Primary school pupils have invaded Nairaland. 5 Likes 1 Share |
Re: Naira Quoted At 253/$ As Interbank Market Opens by bakila: 11:47am On Jun 20, 2016 |
AtlanticBreeze:For your dreams, no nightmare. You don't want this country to succeed but your nightmares will continue. 2 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by donsteady(m): 11:47am On Jun 20, 2016 |
aisammy4:What are u high on? 1 Like |
Re: Naira Quoted At 253/$ As Interbank Market Opens by Boss13: 11:48am On Jun 20, 2016 |
Adeoba10: Continue to read. You meant learn something |
Re: Naira Quoted At 253/$ As Interbank Market Opens by wayodude(m): 11:49am On Jun 20, 2016 |
deflover: What did your PhD friend suggest as a superior alternative? 8 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by bakila: 11:50am On Jun 20, 2016 |
deflover: |||||||||||||||||||||||||||||||||||||||||||||||||||| Your comment is a pooo that's why I touched it with a stick. 7 Likes |
Re: Naira Quoted At 253/$ As Interbank Market Opens by blarkraimez: 11:50am On Jun 20, 2016 |
AtlanticBreeze:Pls why are u just bin pessimistic? Pls of wht benefit is it to you, if actually u are right! Dont u tink an atom of gud news that has eluded us in a while, will be useful nao. If it doesnt work, wia dey dia togetha 1 Like |
Re: Naira Quoted At 253/$ As Interbank Market Opens by PentiumPro(f): 11:50am On Jun 20, 2016 |
deflover: Which Yeye PHD friend you spoke with? Who knows him? Where are his written papers on the economy? So because you spoke with one Yeye thing that call himself a PhD holder, we shouldn't be optimistic going forward? You and your Yeye friend can keep you pessimism in your house. These biafrans sef!! ![]() 8 Likes 1 Share |
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