NIGERIA HALTS U.S. DOLLAR SALES - Central Bank Stops Forex Exchange of U.S. Dollars



I NEED YOUR HELP! - Please Support Us, Become A Patreon & Get Extra Content http://www.Patreon.com/EliteNWOAgenda SUBSCRIBE to ELITE NWO AGENDA for Latest Updates - http://www.youtube.com/user/elitenwoagenda?sub_confirmation=1 NIGERIA HALTS U.S. DOLLAR SALES - Central Bank Stops Forex Exchange of U.S. Dollars Having told banks and investors "don't panic" in September, amid spiking interbank lending rates and surging default/devaluation risks, it appears the massive shortage of dollars that we warned about in December has washed tsunami-like ashore in oil-producing Nigeria. Following the Central bank's decision this week to halt dollar sales to non-bank FX market operators, black market exchange rates spiked to 282/USD (vs 199 official) and CDS spiked to record highs implying drastic devaluations loom. Nigeria's central bank is halting dollar sales to non-bank foreign exchange operators and letting commercial banks accept dollar deposits with immediate effect, its governor said on Monday, in an effort to shore up dwindling foreign reserves. Africa's biggest economy, an OPEC member state that depends on oil sales for about 95 percent of its foreign reserves, has been hammered by a collapse in global oil prices, which has triggered a slide in its naira currency. The naira strengthened on the black market on Monday to 215 per dollar from 240 as traders flooded it with U.S. currency following the rejection of the deposits by lenders. It was around 218 on Thursday, said Gwadabe. Godwin Emefiele said the sale of foreign exchange to bureaux de change would be discontinued because they were using up the country's foreign reserves for illegal transactions and selling the dollar at 250 naira compared to the official central bank rate of 197 naira. The currency hit a record low of 282 per dollar on the unofficial market on Monday after the central bank's announcement. China have suspended their banks from the Foreign Exchange markets and ordered them to stop buying U.S. Dollars. China’s foreign exchange regulator has ordered bank’s to limit the purchases of U.S. dollars for at least one month in an attempt to stem capital outflows. The move comes as China reported its biggest annual drop in foreign exchange reserves on record in 2015, while the central bank has allowed a sharp slide in the Yuan currency to multi-year lows, raising fears of more capital flight. shenzhen China also suspended forex business for some foreign banks, including Deutsche, DBS and Standard Chartered at the end of last year. US Dollar is now worthless and will soon totally collapse as a currency, leaving everyone who holds dollars, broke. That’s why China is doing everything it can to shed US Dollar currency. The way it’s being done, however, is a “useful guise” for the Chinese to prevent the collapse from taking place too early and leaving them stuck nigeria africa u.s. usa america usd dollar "united states" bank banking savings "savings account" "bank account" forex "forex trading" "stock market" china chinese business markets 2016 economy "binary options" "china wholesale" "china rmb" yuan gold silver bullion commodity collapse finance investment money cash wealth prepare capital news media entertainment "u.s. dollar" collapse debt loan "credit card" "elite nwo agenda" gerald celente jim rogers marc faber max keiser jsnip4 lindsey williams coast to coast am rawdogletard louis farrakhan end game false flag illuminati cashless society new world order chaos closed bank holiday alex jones infowars rich dad poor dad with trillions in useless US dollars. Yesterday the International Monetary Fund designated the Chinese yuan as one of the global currencies used to calculate the value of Special Drawing Rights. This event may portend a significant reordering of the world’s monetary system, and serve as a recognition that the US dollar’s ongoing status as the world’s reserve currency is not guaranteed. Jim Rickards terms this a “political decision” by the IMF, and discusses what it means both for China and the US.] That change took place in 1999, and was purely technical due to the fact that the German mark and French franc were being replaced by the euro. fake gold silver chinese coins The poker game will now take on a new dynamic. gold. From 2009–2015, China reported no increases in its gold reserves. mining statistics and Hong Kong imports) was conclusive that China was, in fact, acquiring thousands of tonnes of gold. Gold & Silver Surge As Dollar Dumps debts and making interest payments using much more expensive U.S. dollars. “Guess What Happened The Last Time The Price Of Oil Crashed Like This?…” “10 Key Events That Preceded The Last Financial Crisis That Are Happening Again RIGHT NOW” Sesame Credit is operated by Alibaba and Tencent, two companies that run all the top social networks in China, including Weibo,

Comments

  1. I have personally used ANDYLANK COM System before. A friend of mine he is also an expert trader. He suggested me ANDYLANK COM.
  2. That's exactly what Iran (i think) did before 9/11...
  3. Why is Nigeria not just devaluing the Naira by 50 percent so that their overvalued currency adjusts to reality?
    In fact 500 Nairo for one Dollar would be the fair value.
  4. Nigeria won't even make a dent let alone an itch on the US economy if they were to halt US's currency.
  5. The dollar is going up parabolically against all other currencies. Whenever something goes parabolic get the fudge out of it, because it crashes hard at some point.
  6. The dollar is just a worthless piece of paper, but it has magic properties, you can turn it into pieces of gold or silver, it's really amazing. I think it's magic abilities are going to wear off soon though.
  7. 666
  8. The thing I cant understand I why the USD is so strong to other currencies when the country is bankrupt
  9. The NWO forcing one world currency
  10. this video is pathetic, all it shows is a response to a question that was asked. it does not even show what the question was which can take what was said completely out of context. there is no reference link to support the claim made by the video title and those words were not even stated in the video. this is some pretty poor reporting.
  11. the dollar will never fall!!! that's what a guy said to me that works at a gas station that's about 65 years old who got laid off from his job in 2008 and could not find another job until a year or so ago until the gas station hired him. yea our country is so screwed
  12. Sowing and reaping - - Sow a nation deluded by a false prosperity created with fiat money and reap the whirlwind of financial collapse.
  13. I'm at work its hard for me to understand him so is what he saying a bad thing for us?


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