much is Dollar to Naira Exchange Rate today? Qatari Rial, romanian Leu, russian Ruble Saudi Riyal Serbian Dinar Singapore Dollar South African Rand Sri Lanka Rupee Swedish Krona Swiss Franc Taiwan Dollar Thai Baht Turkish Lira Ukraine Hryvnia. Russian Ruble, indian Rupee, japanese Yen updated 05:20:11(GMT), american Dollar (USD). However, Nigerians cannot be blamed entirely, as the technology applied to the finishing of products is still crude, and as such, there is a stark difference in quality between some foreign goods compared to those manufactured in the country. Policy formulation and implementation is the duty of the government. It is not enough to tell Nigerians what they want to hear. The naira immediately plunged. Although, the Government has refuted this claim. The International Monetary Fund, in its latest report on Nigeria, recommended the government "remove the remaining restrictions and multiple currency practices, thus unifying the foreign exchange market and helping regain investor confidence.".
The naira faces problems that extend far beyond the trouble caused by multiple rates, however. What is the present exchange rate of Dollar to Naira? The table below is compiled to show the exchange rate of one.S. A follower who loves his country will remain resolute in his determination to see her grow, and will not lose the credibility of his voting ability for a bag of rice. The result is currency confusion: The central bank even maintains separate rates for religious pilgrims who need dollars for trips to Mecca, Rome or Jerusalem. This has forced many importers to import more products from overseas, increasing the demand for dollars to pay foreign sellers at the expense of our own Naira. Solutions to Improve the Dollar to Naira Exchange Rate. With the current soaring of the Naira exchange rate favoring Naira, it is believed in some quarters that the government has technically devalued Naira.