Jayhome24:


Ok I'm a bit free let's dig on a bit. You get-out baa o ya let's go now.

And pls dig out where I said in Quote "I'm a military man" submit that evidence here so I can tutor your blocked brain a bit of comprehension.

Pls dig the word out I waiting. You don't know who you wan drag I will drag you and make sure all your skin peeled off.

Let's go I'm waiting...

Pls get more data I'm high now let's start. Pls all OP steer clear I want to deal with this lousy boy, OP keep off allow me and him to do the business.

Kukutente23:

It's obvious you're high now
I hope you're not typing from the gutter

Richtaiwo:

What happened to, "it will get to 3000/$ before the end of March"? Even if the rate gets to half Naira to one Dollar, you enemies of Nigeria will still find reasons to continue screaming. By that time, it will cease to be Tinubu's doing but the effort of pitobi. Please find a way of getting the hell out of Nigeria. Gerrout.

Jayhome24:


Hey don't go sarcastic let's face the business you wanna talk isn't? Yea I'm prepared now. Get your data ready and let's see who will run.

I need that evidence dig out I'm waiting.

Kukutente23:

Chat me up when the borrowed kaikai clears

Jayhome24:


You opened your gutter stinking mouth talking shit like someone who just drak Gammalin 40 and foaming from mouth now I asked you to provide evidence of the nonsense you have been rhetorically talking about like church bell you are dodging away.

Pls get away. Nwa Enwe, onye izuzu.

Kukutente23:

Stop writing rubbish
I already provided you the evidence but of course you're too dull to read what you wrote

JuanDeDios:

This looks like a case of half-full/half-empty. CBN says it has paid all verified forex backlog. Some airline guy came out to say, no, it hasn’t settled all airline claims. So, maybe there’s a dispute as to some airline claims. Whatever the case, what seems clear to me is that most of the backlog have been settled and that is having a positive impact on dollar liquidity and, by extension, the economy. I’m neither APC nor PDP nor Labour – just arguing where the FACTS lead.

Ijaya123:


What are you exporting that will make your naira to gain strength against the dollar?

Coolestguy2023:


Been an uneducated illiterate is affecting people like you.

charlsecy:


I think those countries deliberately manipulate their currencies to be weak against the US Dollar in order to discourage importation, and also boost their export base.

If a country's currency was weak, its exports would be cheaper in the international market, thereby making them more competitive.

Why do you think goods imported from the US or the UK are too expensive for most Nigerians? It's because of their strong currency relative to the Naira. So an export-driven country like China doesn't want her currency to be too strong so that Chinese goods would remain cheaper in the market.

If the Chinese currency were to be strong against the Dollar, Chinese goods would become expensive, which would lead to a fall in the demand for them. So China, because they are export-driven, prefers a "weaker" Yuan.

The reason why Naira depreciation is bad news is because Nigeria exports almost nothing, but imports heavily. If Nigeria were a heavy producer of exportable goods, people would hardly complain of the Naira-Dollar rates.

Incognito9:
Dey whine ur papa 😆

Islie:
• Sell forex in your possession as an act of patriotism, Oluwo charges Nigerians



https://thenationonlineng.net/dollar-crash-pressure-mounts-on-fx-hoarders-to-sell-off/

JASONjnr:
Tinubu met dollar at N700 to a single dollar and right before his eyes, it went up to N1,900. But we're praising his incompetence for subsidizing it to fall to N1,400.


Buhari met dollar at N200 and he left it at N700.

APC is all about noise and lies.

Richtaiwo:
Obviously, it is gradually inching towards the official rate. Isn't it high time CBN reduced it to, let's say, N900/$ or 1k/$. And same thing be repeated when it starts converging again. With more effort, we might see the rate getting as low as 200/$ before the end of the year.

spiralwedge:


Too much ignorance in one post. Glad you have been schooled anyways by NL.

But of course, enemies of Nigeria will continue to cry

JASONjnr:

I should start moving goods from down south to Lagos to export with the increased exportation fee?


Your president should allow seaports to function in other region of the country.

Islie:
• Sell forex in your possession as an act of patriotism, Oluwo charges Nigerians



https://thenationonlineng.net/dollar-crash-pressure-mounts-on-fx-hoarders-to-sell-off/

Omoawoke:


Is there anything like a real rate? The major determinant of this things are speculations. It’s not that there is a standard mathematical model somewhere that fixes the rate

AL1ENWARE:

Oga wetin me I no understand is why the naira keep gaining get prices of things I creases per week. Abeg explain.

Deepthoughts:
I wonder why the US OR UK who are also exporting countries do not allow their currencies to be weak to make their goods attractive.... Please help enlighten me why the world can not just operate currencies of same value even if they may be of different designs n names?

charlsecy:


The UK has a history of devaluing the Pound in response to economic challenges.

A major reason why the US wouldn't want to devalue her currency is because of her desire to maintain the Dollar as the number one reserve currency and associated benefits such as reduced borrowing costs, increased economic power and influence, elimination of exchange risk, and so forth.

Many countries keep their reserves in the Dollar and buy Dollar-denominated assets in the international market.

If the US devalued the Dollar, it would have negative effects on these savings, investments and assets. Plus, investors would lose confidence, and be reluctant to buy Dollar-denominated treasury bonds from the US government and assets. The US government uses treasury bonds to take out loans from international lenders.

So for the US to maintain the status of the Dollar as the number one foreign reserve currency, they shouldn't devalue the currency. Otherwise, countries would attempt to move away from the Dollar if they observed instability in its value.

Why can't countries have differently-designed, uniformly-valued currencies? Each country is unique and has specific economic and political interests and needs. Countries having their own currency gives them the tools to make monetary decisions based on these specific interests and needs.

All the countries can have different currencies of the same value, or even the same currency, only if they all have similar economic strengths and interests, and all economic parameters are identical in all the countries. But how practical is it that everyone is equal in every respect? Answer that!

Ijaya123:


Feed your ignorance