More Wahala For Dollar Hoarders - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / More Wahala For Dollar Hoarders (481 Views)
Increased Demand For Dollar Causes Naira To Depreciate To 1,420/$ / Dollar Now Sells @ N907 In Polaris Bank As Hoarders Count Their Losses / Naira gain: Pressure Mounts On FX Hoarders To Sell Off Dollars (2) (3) (4)
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| More Wahala For Dollar Hoarders by Elliotwaveforec: 1:36pm On Nov 04, 2023 |
Fundamental: Wale Edun has said that the fair value of USDNGN is 700. Technical: The price is expected to drop below 569, as indicated in the chart attached, and any correction should peak below 700 until change of policy by the government.
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| Re: More Wahala For Dollar Hoarders by Juicegal(f): 2:36pm On Nov 04, 2023 |
Story story story. Till you start producing and exporting, all that is propaganda. The short term stop gap measure they employed will soon fall yakata and we are back to fx backlogs debits and naira going down. |
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