Ogas @DoubleEph and @nonso2, what stops the creation of a P2P parallel $-₦ market? No cross border transfers. Match importers with remitters
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Replying to @DoubleEph
How can CBN control it? It is done everyday. "Pay me Naira in Nigeria,n account; I'll pay you dollars in US account"
@nonso22 replies 0 retweets 0 likes -
Replying to @OoTheNigerian @DoubleEph
unless you get rid of the intermediary completely but then you have trust issues. How do you enforce payments?
2 replies 0 retweets 0 likes -
Replying to @nonso2
Intermediary gas dey o. That's how you make the money. I believe
@transferwise and co have such operation at the backend@DoubleEph2 replies 0 retweets 1 like -
Replying to @OoTheNigerian @DoubleEph
I may be wrong but transferwise and xoom and co have shut up shop in Nig cuz of the N199 problem.
4 replies 0 retweets 2 likes
Replying to @nonso2
They are doing cross border. So dollar entering the country MUST change at official rate. In my suggestion, no cross border movement
12:37 AM - 24 May 2016
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