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Nairaland Forum / Nairaland / General / Business / Why Are Nigerians Still Buying Dollars (29462 Views)
CBN Vows To Arrest Any Nigerian Buying Dollars With Naira / CASH and INFLOW, What Do these mean when Buying Dollars? / Why Is Buying Dollars From Aboki So Expensive (2) (3) (4)
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Re: Why Are Nigerians Still Buying Dollars by Cromagnon: 7:48pm On Oct 29, 2023 |
IAmHim1:😁 |
Re: Why Are Nigerians Still Buying Dollars by IAmHim1: 8:08pm On Oct 29, 2023 |
And they still had to reduce the reserve ratio meaning more paper money in circulation...paper bill that's backed by nothing tangible Now the many money is still chasing few dollars gotten Majorly from crude oil Now they're hiding behind cashless policy because they know that if every Nigerian was to go to the bank to demand their physical cash at once, there'd be problem... THAT'S WHY THEY ENCOURAGE CASHLESS you'd actually think they care about you carrying large volume of cash around Bullshiiiit ... hidden in plain sight... Cromagnon:
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Re: Why Are Nigerians Still Buying Dollars by Cromagnon: 3:23pm On Oct 30, 2023 |
IAmHim1:winter truly is coming Best get ready and change your cash to assets |
Re: Why Are Nigerians Still Buying Dollars by darediamond(m): 8:18am On Nov 01, 2023 |
IAmHim1:Currency Arbitrage is using fiat like naira to buy Dollars at bank rate and selling it at Black market rate to make massive profit. THE PROFIT YOU MAKE IN THIS PROCESS IS MAJORLY BACKED BY NIGERIA CRUDE OIL SALES RETURN WHICH IS ALWAYS IN DOLLARS. But mind you, Now that we have Crypto Dollars, you have option of choosing between bank dollar and crypto dollar to complete your trade. Crypto promotes freedom of the commoners around the globe (only if you use it). If you resides in U.S.A for example, you can use variation in price of there NEO BANKS( PayPal, skrill, linepay etc.) price of USDT to Dollar to do Arbitrage. You need no Naira here. Typing sucks, if you need more 100% free guide, zero seven zero 6057 eighth five six nine is my contact line( WhatsApp Only). |
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