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The Magic Is Working, Dollar Crashed To 400! - Business - Nairaland

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The Magic Is Working, Dollar Crashed To 400! by Boyoorisha: 2:18pm On Mar 22, 2017
The Central Bank Intervention is performing wonders as Naira gained heavily withing days! It is going to crash further in coming days

Re: The Magic Is Working, Dollar Crashed To 400! by ealtutu: 2:21pm On Mar 22, 2017
Let's see whether it will be sustained in this great country called naija .
Re: The Magic Is Working, Dollar Crashed To 400! by Boyoorisha: 2:24pm On Mar 22, 2017
ealtutu:
Let's see whether it will be sustained in this great country called naija .

All else being equal, it should. The country's foreign reserve has hit 31 billion USD, the price of crude is on the increase and so is the output. The CBN can afford to pump more Dollars into circulation

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Re: The Magic Is Working, Dollar Crashed To 400! by Damibiz(m): 2:27pm On Mar 22, 2017
I believe in This country called Nigeria

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Re: The Magic Is Working, Dollar Crashed To 400! by madridguy(m): 2:31pm On Mar 22, 2017
Alihamdulilahi.
Re: The Magic Is Working, Dollar Crashed To 400! by Nobody: 2:35pm On Mar 22, 2017
Op, here in Singer market the price of carton of mosquito coil has reduced by 700.

I just de surprise.

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Re: The Magic Is Working, Dollar Crashed To 400! by masterpiece86: 2:38pm On Mar 22, 2017
Their is hope at the end of the tunnel.
#Igbos and #Wailers won't like this.....
Re: The Magic Is Working, Dollar Crashed To 400! by DocHMD: 2:44pm On Mar 22, 2017
Collecting dollars from your reserve and throwing it at the exchange rate to shore up the naira remains an articificial solution to the deep problem.

For how long will you keep throwing dollars at the problem, 2 years? 5 years?, 10 years?

All things being equal nothing will stop the naira from becoming 800/1$ by 2019. We may prefer to deodorize the situation and deceive ourselves but this is just reality.
Re: The Magic Is Working, Dollar Crashed To 400! by 989900: 2:55pm On Mar 22, 2017
DocHMD:
[s]Collecting dollars from your reserve and throwing it at the exchange rate to shore up the naira remains an articificial solution to the deep problem.

For how long will you keep throwing dollars at the problem, 2 years? 5 years?, 10 years?

All things being equal nothing will stop the naira from becoming 800/1$ by 2019. We may prefer to deodorize the situation and deceive ourselves but this is just reality.[/s]
Re: The Magic Is Working, Dollar Crashed To 400! by Boyoorisha: 3:19pm On Mar 22, 2017
DocHMD:
Collecting dollars from your reserve and throwing it at the exchange rate to shore up the naira remains an articificial solution to the deep problem.

For how long will you keep throwing dollars at the problem, 2 years? 5 years?, 10 years?

All things being equal nothing will stop the naira from becoming 800/1$ by 2019. We may prefer to deodorize the situation and deceive ourselves but this is just reality.

It has been like that for ages.
Re: The Magic Is Working, Dollar Crashed To 400! by Boyoorisha: 3:35pm On Mar 22, 2017
Now I pity those greedy car dealers grin
Re: The Magic Is Working, Dollar Crashed To 400! by HAH: 4:06pm On Mar 22, 2017
DocHMD:
Collecting dollars from your reserve and throwing it at the exchange rate to shore up the naira remains an articificial solution to the deep problem.

For how long will you keep throwing dollars at the problem, 2 years? 5 years?, 10 years?

All things being equal nothing will stop the naira from becoming 800/1$ by 2019. We may prefer to deodorize the situation and deceive ourselves but this is just reality.
By God's grace your prophecy will not materialize infact dollar will be at least N250.

As long as we sell crude at above $50 and there is peace in Niger delta dollar will keep crashing. Hoarders will cry, saboteurs will have high bp

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