Nigerians really care about the exchange rates of Naira to other countries currencies, and some even used it to judge the economic value of the country, but many forget exchange rates does not determine the economy value of a country.
In the world market, according to Google.com, one dollar is exchange at that rates of 380.00 Nigerian Naira. Although that is the official exchange rates and is maybe impossible to get is at that rates anywhere in the country, because each institution has they own personal exchange rates.
In the black market, the difference between the official rates and what they sell a dollar in the black market is over 100 Naira. In the black market, they are selling one dollar at that rates of 485 Nigerian Naira while they are buying it at 480 Nigerian Naira.
Each Banks also have their own exchange rates, and each banks is differ from each other in the country.
Did you think Nigeria Naira can still rise against the Dollar again, did you think this present government are doing enough or are they making good policies to make the naira rise once again? Let me hear your opinion in tht comment section.
Content created and supplied by: Jaywebmedia (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More