Wednesday, 8 April 2015

Dollar Price Falls! With The New Price Of N185 Per $1

The currency exchange drop in Dollars to Naira is now obvious and the Bureau De Change operators in the country have attributed the fall in the dollar to release of the foreign currency by hoarders who had stored it pending the outcome of the nation’s general elections.

A dollar over the weekend was sold for the soum of N185 against the usual N220-N240 which it sold for in the last few weeks. Some of them however said the Dollar crash could also be attributed to the fact that politicians have stopped campaigning for elections, which has made the demand for the currency to drop.

All well and good; as of now the rate of US Dollars to our Naira currency is N185, its goin down gradually and we sure want more of that.

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