BREAKING NEWS

Metro

World

Spiritual

Friday, 30 September 2016

3 Major Reasons for Naira's Recent Accelerated Depreciation Against Dollar

The Naira depreciated heavily against the dollar since the beginning of the week. The currency, which was just a bit above 400/$ at the beginning of the week seems to be heading towards a close of 500/$.

Here are 3 main reasons for the fast depreciation.

1. Hoarding of Dollar. Reports say BDC operators who have dollars at the moment are hoarding them, and speculating negatively in a bid to see a devaluation by the central bank.

2. Ever present, over-demand.

3. Scarcity.

PLACE YOUR CONTENTS ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Click Here To Download A Free Guide That Shows How To Make 100k Weekly Without Lifting Your Finger (Using An Autopilot System)

Click Here To Discover Why Experts Conclude This Money Making Secret Is 100% Legal, 446.67% Better and 217% Safer Than MMM.

Loading...

THANK YOU FOR VISITING 247 NIGERIA NEWS UPDATE AND KINDLY VISIT US AGAIN! CLICK HERE TO JOIN OUR FACEBOOK FAN PAGE FOR NEWS UPDATES

For Instant Updates On Twitter Page @247NGNEWSUPDATE

Post a Comment

 
Copyright © 2015 247 Nigeria News Update
Website by Tech Guardian