In this video, I will teach you How to BUY and SELL Dollar Online - WHY You NEED to BUY Dollar Very SOON! | Nigerian Exchange Rate (2021)
In this video, You will learn:
1. sell dollar, buy usd,eur usd buy or sell, dollar buy and sell, currency buy and sell, online bureau de change, buying and selling currency online, buy and sell dollar online, buy dollar with naira, USD prices today, sell dollars online, how to buy and sell dollar online, buying and selling of foreign currency, earn money online, best products to sell online to make money, I want to earn money online, things to sell online to make money, make money online, PayPal money
Support my Channel by Donating:
PayPal Donations: https://www.paypal.me/michealamanchukwu
Patreon Donation: https://www.patreon.com/join/chidooriginal
NOTE: These donations will be used to build this channel to a better standard for you in terms of a better camera, lighting, background, sound, and video editing. Thank you for your Patronage and Support.
Subscribe to this channel: https://www.youtube.com/chidooriginal?sub_confirmation=1
Check out my Instrumental EP "African Vibes"
https://bit.ly/3hW2egX
Check out my Youtube "Make Money Online 2020" playlist
https://bit.ly/3dr8Oc3
https://www.ngnrates.com/
https://everdonbdc.com/
Here is the relationship, when you import or make a foreign currency payment like Joint Venture cash calls, you debit your Current account, however when you export or earn/receive foreign payments like Petroleum taxes, you credit your Current account.
Let’s assume Nigeria has a net credit or current account surplus. That Current Account surplus flows into Nigeria’s foreign reserves at the CBN. Remember, we sell oil in US Dollars and pay for car imports also in US dollars, thus what hits the reserves are dollars.
Now, the Central Bank of Nigeria (CBN), as the Federation’s bankers, manages the foreign reserves account. The Federation i.e. the Federal, State and Local Governments retain a sharing formula for the US Dollar in the foreign reserves, i.e., the net of exports and imports.
When Nigeria makes export earnings in USD, the CBN exchanges the US Dollars for Naira and retains the US Dollars. Thus, the dollars are owned by the CBN, the Federal and States Naira allocation and is shared via the Consolidated Revenue Fund (colloquially referred to as FAAC).
So, as you can deduce, if exports or forex taxes go up, foreign reserves go up, if imports or forex payments go up, foreign reserves go down (I am being simplistic).
Now to exchange rate, when Nigeria sells oil, she is paid in dollars, but when Nigeria imports, she spends those dollars also. If Nigeria exports more, and earns more US Dollars, there is less pressure on the CBN to supply USD to the market, but if Nigeria imports more, she needs more US Dollars, which puts pressure on the dollars reserves.
Imports mean more US Dollars is needed to fund payments for import. To make Naira rise in value, one way is to reduce imports (or increase exports), because that means fewer dollar requests, making the Naira stronger. Got it?
We now see a relationship developing…
More exports mean US Dollar reserves rise, the US Dollar falls, and Naira rises.
More imports mean US Dollar reserves fall, the US Dollar rises, and Naira falls.
So, does Nigeria export more than she imports?
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FIVERR CPA: https://bit.ly/2MeLHX2
FIVERR HYBRID: https://bit.ly/3ceGc5e
FIVERR ANDCO: https://bit.ly/2ZNdkyp
FIVERR LEARN: https://bit.ly/3gIB5hd
Follow & Contact me on:
Email: chidooriginal247@gmail.com
Instagram: https://www.instagram.com/chido_original/
Twitter: https://twitter.com/chido_original
#makemoneyonline2020 #earnmoneyonline #PayPal
🟢 Disclaimer: This video is for educational purposes only and not financial advice. The results and earnings mentioned in this video are not typical and there’s no guarantee that you’ll earn money using the strategies mentioned in this video. To attain the results in this video requires knowledge, hard work, and skill. You can choose not to rely on the information contained here. We have taken all the necessary steps needed to ensure that the information in this video is accurate.
🟢 Affiliate Disclosure: This video and description may contain affiliate links. If you click on any of the product links, I will receive a commission with no additional charge to you. Thank You.
In this video, You will learn:
1. sell dollar, buy usd,eur usd buy or sell, dollar buy and sell, currency buy and sell, online bureau de change, buying and selling currency online, buy and sell dollar online, buy dollar with naira, USD prices today, sell dollars online, how to buy and sell dollar online, buying and selling of foreign currency, earn money online, best products to sell online to make money, I want to earn money online, things to sell online to make money, make money online, PayPal money
Support my Channel by Donating:
PayPal Donations: https://www.paypal.me/michealamanchukwu
Patreon Donation: https://www.patreon.com/join/chidooriginal
NOTE: These donations will be used to build this channel to a better standard for you in terms of a better camera, lighting, background, sound, and video editing. Thank you for your Patronage and Support.
Subscribe to this channel: https://www.youtube.com/chidooriginal?sub_confirmation=1
Check out my Instrumental EP "African Vibes"
https://bit.ly/3hW2egX
Check out my Youtube "Make Money Online 2020" playlist
https://bit.ly/3dr8Oc3
https://www.ngnrates.com/
https://everdonbdc.com/
Here is the relationship, when you import or make a foreign currency payment like Joint Venture cash calls, you debit your Current account, however when you export or earn/receive foreign payments like Petroleum taxes, you credit your Current account.
Let’s assume Nigeria has a net credit or current account surplus. That Current Account surplus flows into Nigeria’s foreign reserves at the CBN. Remember, we sell oil in US Dollars and pay for car imports also in US dollars, thus what hits the reserves are dollars.
Now, the Central Bank of Nigeria (CBN), as the Federation’s bankers, manages the foreign reserves account. The Federation i.e. the Federal, State and Local Governments retain a sharing formula for the US Dollar in the foreign reserves, i.e., the net of exports and imports.
When Nigeria makes export earnings in USD, the CBN exchanges the US Dollars for Naira and retains the US Dollars. Thus, the dollars are owned by the CBN, the Federal and States Naira allocation and is shared via the Consolidated Revenue Fund (colloquially referred to as FAAC).
So, as you can deduce, if exports or forex taxes go up, foreign reserves go up, if imports or forex payments go up, foreign reserves go down (I am being simplistic).
Now to exchange rate, when Nigeria sells oil, she is paid in dollars, but when Nigeria imports, she spends those dollars also. If Nigeria exports more, and earns more US Dollars, there is less pressure on the CBN to supply USD to the market, but if Nigeria imports more, she needs more US Dollars, which puts pressure on the dollars reserves.
Imports mean more US Dollars is needed to fund payments for import. To make Naira rise in value, one way is to reduce imports (or increase exports), because that means fewer dollar requests, making the Naira stronger. Got it?
We now see a relationship developing…
More exports mean US Dollar reserves rise, the US Dollar falls, and Naira rises.
More imports mean US Dollar reserves fall, the US Dollar rises, and Naira falls.
So, does Nigeria export more than she imports?
Buy the Best Products and Services on a Discount (20% or more) Using my Affiliate Links:
Resurge Supplement [Best Weight Loss Supplement]
https://bit.ly/2LQZZwJ
Explaindio [Online video editing software]
https://bit.ly/2NbIjN7
Diabetes Freedom [Best Diabetes Treatment | Reduce Sugar Level]
https://bit.ly/37RdV4b
Bluehost [Best Website Hosting]
https://bit.ly/2zJIFY4
Distrokid [Best Music Distributor]
https://bit.ly/3gBaW3v
Fiverr [Best Freelancing Site]
FIVERR CPA: https://bit.ly/2MeLHX2
FIVERR HYBRID: https://bit.ly/3ceGc5e
FIVERR ANDCO: https://bit.ly/2ZNdkyp
FIVERR LEARN: https://bit.ly/3gIB5hd
Follow & Contact me on:
Email: chidooriginal247@gmail.com
Instagram: https://www.instagram.com/chido_original/
Twitter: https://twitter.com/chido_original
#makemoneyonline2020 #earnmoneyonline #PayPal
🟢 Disclaimer: This video is for educational purposes only and not financial advice. The results and earnings mentioned in this video are not typical and there’s no guarantee that you’ll earn money using the strategies mentioned in this video. To attain the results in this video requires knowledge, hard work, and skill. You can choose not to rely on the information contained here. We have taken all the necessary steps needed to ensure that the information in this video is accurate.
🟢 Affiliate Disclosure: This video and description may contain affiliate links. If you click on any of the product links, I will receive a commission with no additional charge to you. Thank You.