Munamoqel:
The CBN should closed all dorm accounts that don't earn inflow ! It not right for ever dick and Tom to own a dorm accounts and constantly covert naira to dollars for unproductive use .this kill the naira .

posty56:
idiot ,no go find way convert your money to dollar ,they here dey find who go join una misery

sholatech:
Never happened elsewhere before. Nigerians need to globalise and not be pariah. So people that urgently need to pay for school fees abroad, medical bills abroad and travel to places they can't access Pta. Which dom account will they use?

Munamoqel:
if you convert then what next ? You still need to spend it in naira to buy good and service that have price in the cost price cos by you extreme foolishness as a people !if the naira collapse and the poor cannot feed they will feed on you . But as a fool I know you can't comprehend!

Munamoqel:
The CBN should closed all dorm accounts that don't earn inflow ! It not right for ever dick and Tom to own a dorm accounts and constantly covert naira to dollars for unproductive use .this kill the naira .

SeunDAssLicker:


When that happens, how do you expect exporters and importers to pay for their goods? Wire transfer cannot be made from a Naira account Mr ITK.

posty56:
e pain am,no be my fault say you no get access to dollars , the politicians way you dey cl to ban dorm account,are probably hoarding dollars right now ,but you no wise and you no go ever wise ,see ya dumb ass

Munamoqel:
only business accounts and remote work accounts should be allow .you don't go the America and open a dorm accounts and be buying up all pounds and yen and deposit in bank .this demand is not real .and we all suffer the consequences!

SeunDAssLicker:


So tell me, except those you just mentioned. What else do you think ordinary Nigerians do with their dorm account since card limit is $20 monthly, and you not being able to send cash out you deposited in your account.


Where do you think they get the USD from?? Because you seem not to even know what is going on.

Munamoqel:
ordinary Nigerians should go on a frenzy importing just anything from tooth pick to schooling in USD in Uganda . Where will.you CBN get the dollars to fullfill this stupidity ? Since it can print dollars and we have limited export earnings so where will dollars fall from !

SeunDAssLicker:


You’re ranting when all I did is asked you a question. Where do they get the USD from you think since you cannot wire cash deposited in your bank account.??

According to CBN, banks will not send out wire transfer if you deposited USD in your account. So where do you think these ordinary Nigerians get the USD from?

Card limit is $20 monthly

Munamoqel:
The CBN should closed all dorm accounts that don't earn inflow ! It not right for ever dick and Tom to own a dorm accounts and constantly covert naira to dollars for unproductive use .this kill the naira .

yemmit90:


Dont mind him, that is how the clueless CBN governor stopped the "over the counter withdrawal of dollar" and making it becomes scarce commodity.

I will help you ask him again, if all dom accounts are closed, where will people see dollar to pay bills abroad?

Wont few available ones in the black market become too expensive for an average individual or exporter to deal with?

How do CBN know the people genuinely needs Dollars for foreign transactions?

mecussey:


Lol,you are been myopic. You have not heard of crypto? Close Dom, every body will go to crypto. Energy cannot be created no destroyed. Just vote peter obi and watch every body scramble for naira and dump foreign currencies. You cannot artificially run economy like APC and think all will be well. Naira is heading to 2k before 2023. All of una wey vote buhari go hear am

yemmit90:
If CBN is serious about the big disparity between official rate and black market, they should allow international wiring transfer of naira to dollar.

If you can easily convert your naira to dollar through international wiring system from your bank account at official rate, 95% of those dealing internationally wont need to buy from black markets at outrageous rate.

Let them negotiate with international mobile app like " sendwave, worldremit, paystack,Remitly, etc", so that Nigerians too can send naira to dollar account.

Munamoqel:
so Mr clue if they allow international transfer how will they settle the transaction with master card ? Since CBN do not earn dollars ans it rationing the few it get from oil sale .Nigeria filled with idiots !

yemmit90:


The same card that has a limit of $20 a whole month?

Is like you dont get it sir, let me go straight to the point. For this country to allow her economy to dictate exchange rate of Naira to Dollar, Bureau de change business must be totally eradicated or strictly limit to Airports. And to achieve this, we need to allow a simple wiring transfer of naira to dollar at ease without much charges. By this method, you have successfully cut off about 98% of total dollar demands from black market. The remaining 2 percent would have little or no effects on the price of imported goods and services.

Besides, this method would be far less attractive to any individual for exchange business. Dollar would be surplus, scarce, and at same time maintain it's true value. By then, it would very much easier for CBN to use economic tools to increase naira value.

Munamoqel:
and you assume that over 1000 economist with PhD from top global universitues working in the CBN don't know all this abi ? na only you know this and have any manage monetary policy !

yemmit90:


Lol,they will definitely know this but corruption in our system may not allow them to think straight.

Alot of them are working with those guys in black market.

For them to send EFCC after these guys in Abuja, it means they know they are the major problem. If importers can maintain official rate, and the government cut than import duties on cars, machines and other consumable products, their prices will almost falls back to pre - 2015 era.

yemmit90:


Lol,they will definitely know this but corruption in our system may not allow them to think straight.

Alot of them are working with those guys in black market.

For them to send EFCC after these guys in Abuja, it means they know they are the major problem. If importers can maintain official rate, and the government cut than import duties on cars, machines and other consumable products, their prices will almost falls back to pre - 2015 era.

Munamoqel:
the government that now uses 97 percent of it revenues to pay debt should cut back on taxes !and pay the debts with !

Munamoqel:
so you think they all work in the forex management dept abi ! I say u should withdraw the state ment the CBN governor is clueless .when card where paying 1000 usd Nigerians travels with a 1000 atm to withdraw forex and round trip where in the world do citizens bahave like this ?dealing with Nigeria people !

Munamoqel:
The CBN should closed all dorm accounts that don't earn inflow ! It not right for ever dick and Tom to own a dorm accounts and constantly covert naira to dollars for unproductive use .this kill the naira .

Larynxhedon:
Well, I can understand from your perspective, but do you think the dollars are even available from the beginning?

I feel it's time people starts adopting USDT (a stable crypto pegged to a dollar value) - this can be minted once equal amount of USD is available as collateral, so it's more preferable and Blockchain keeps it transparent and safe from hacks or market manipulation such as one seen from the fiat USD.

Quidax Crypto Community on Telegram don't stop educating their crypto buddies and members of the public about the need to adopt USDT and feel safe from all worms of inflation and fears that your salary won't ever be enough to spend. You can join by firstly sign-up a free account on Quidax..com website to get started.

SavageResponse:


You're just here to promote your personal agenda of marketing Quidax.

For your info the stablecoin USDT will never be safer than fiat USD.

It's very possible for what happened to UST to also happen to USDT, this is the reason USDC is gaining market share from them at a fast rate