@cenbank Definitely dollars will continue to be on the rise this way. Government always have good ideas but implementation is the problem because of our greed and less respect for laws. PBAT will now be labeled wicked because what is expected to be achieved will not be realized.
@cenbank The man is always sitting comfortably in the bank making deals that does not have receipts on behalf of corrupt bank officials. With this, It might be difficult to have single exchange rate with all these underground deals.
@cenbank I think the intention of government is that the bank should buy and sell dollar so that exchange rate will not be left in the hands of speculators. Why are banks officials now using intermediaries to decide exchange rate instead of their normal bidding with central bank?
@cenbank that i will receive the alert immediately. I quickly reduced the amount to be collected to 1k incase there is problem. Within 5minutes the transfer was done.
Why my story?
@cenbank Immediately a man strategically positioned beside me said he owns one and that I should transfer to his acct and he will transfer at 850 naira per dollar to my naira acct Immediately. I was afraid but to my surprise the lady at the counter assured me that I will not be duped,