https://www.nairaland.com/7431886/opinion-cbn-fx-policy-stabilize

I foresaw this solution to our Naira. I can say with all sense of responsibility that Nigeria is not this bad. Our economy is not this bad. People who manage the affairs of the country should be sincere and be ready to solve the myriads issues, which are teething anyway, facing the country.

Government should ban physical notes of foreign currencies. Everybody should use domiciliary accounts to receive and pay any foreign currency.

Or is there any reason why we hold foreign currencies notes in Nigeria?

COMRADES, well done @op for your prediction

inforesource:
https://www.nairaland.com/7431886/opinion-cbn-fx-policy-stabilize

I foresaw this solution to our Naira. I can say with all sense of responsibility that Nigeria is not this bad. Our economy is not this bad. People who manage the affairs of the country should be sincere and be ready to solve the myriads issues, which are teething anyway, facing the country.

Government should ban physical notes of foreign currencies. Everybody should use domiciliary accounts to receive and pay any foreign currency.

Or is there any reason why we hold foreign currencies notes in Nigeria?

And when the banks cannot give you your dollars on demand nko?

The government screwed up everything.

successmatters:


And when the banks cannot give you your dollars on demand nko?

The government screwed up everything.

Honestly, this happened to me and I involved a lawyer. I was paid in foreign currency, prior to this time, I needed some fx to execute the project, so I went to the bank and point-blank, they said that they don't have fx that I should contact aboki, who later sold the fx for me at black market rate.

However, when I got paid and the money hit my account, the bank then said that I must sell it to them that that was the new policy then. After going back and forth, I involved my lawyer and I won.

So this issue has been around for many years now and it is caused by the banks themselves and the government. They should not do as if we don't know who are behind the fx issues.