The dollar to Naira black market exchange rate today July 6, 2023., The Naira to dollar exchange rate at the Investors and Exporters (I&E) window and Aboki exchange rate for today can be found here on Ejes Gist News.
Naira to Dollar exchange rate yesterday black market | Aboki Exchange Rate Today dollar to naira.
On Wednesday, July 5, 2023, currency traders at the Bureau de Change (BDC) sector disclosed that the exchange rate for the US dollar to the Nigerian naira on the Parallel Market closed at ₦780 per dollar while at the I & E window the dollars to the naira closed at N770/$ after rising to N775/$.
Have you ever asked “how much is Dollar to Naira exchange rate?” in this article you will learn the latest value for the Dollar to Naira exchange rate in black market today.
The dollar to naira black market exchange rate today Thursday, July 6, 2023 is as follows:
- Buying: 780/$
- Selling: 783/$
This means that you can buy 1 dollar for 780 naira, and you can sell 1 dollar for 783 naira at Aboki exchange rate.
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Aliexpress dollar to naira exchange rate today is 777.58 /$. If you have domiciliary account you can buy directly from your account. You can also purchase goods in Naira from Aliexpress.
1 Dollar To Naira Black Market Exchange Rate Today July 6, 2023.
1000 Naira to dollar conversion rate will give you N783,000.
How much is $100 in black market today?.
Now, How much is $100 US in Nigeria?
- $100 USD in black market today will give you ₦78,300.
How Much is 1 dollar to naira official exchange rate today.
The dollar to naira exchange rate at the Investors and Exporters (I&E) window on July 6, 2023, is as follows:
- Buying rate: N777.58/$
- Selling rate: N778.58/$
This means that you can buy 1 US dollar for N777.58, and you can sell 1 US dollar for N778.58
The euro to naira exchange rate on July 6, 2023, is as follows:
- Buying rate: 900 naira
- Selling rate: 903 naira
This means that you can buy 1 euro for 900 naira, and you can sell 1 euro for 903 naira.
Pound to naira exchange rate at the Investors and Exporters (I&E) window on July 6, 2023:
- Buying rate: 1,048.30 naira
- Selling rate: 1,048.60 naira
This means that you can buy 1 pound for 1,048.30 naira, and you can sell 1 pound for 1,048.60 naira.
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The I&E window is the official exchange rate window in Nigeria. It is a platform where authorized dealers can trade foreign exchange. The exchange rate at the I&E window is determined by supply and demand.
Please note that the exchange rate can change at any time, so it is always best to check the latest rates before you make a transaction. You can do this by visiting the website of a reputable currency exchange bureau or by using a currency converter online.
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Despite challenges, IMF tells Nigeria, others to charge VAT, income tax on crypto assets.
The International Monetary Fund (IMF) has recommended that Nigeria and other countries implement taxation on cryptocurrency transactions as a means to increase government revenue.
According to the IMF, countries have the potential to generate value-added taxes (VAT) and income tax from crypto assets. If a 20 percent tax was applied to capital gains amidst the surging prices of cryptocurrencies in 2021, it could have resulted in approximately $100 billion in revenue globally.
In a report titled “Crypto Poses Significant Tax Problems—and They Could Get Worse,” which was released on Wednesday, the IMF emphasized the need for governments to address the challenges associated with taxing crypto assets. This is crucial to prevent any loss of tax revenue and to safeguard the integrity of the tax system.
The value of cryptocurrency assets experienced a notable boom in 2021, with prominent cryptocurrencies like Bitcoin soaring to nearly $70,000 from a value of $200 a decade ago. However, prices have since dropped to around $29,000.
The IMF highlighted the classification of crypto assets as a key issue, debating whether they should be categorized as property or currency. Nevertheless, the IMF suggested that capital gains should be subject to taxation when a crypto asset is sold for profit. On the other hand, when crypto assets are used for purchases, the IMF recommended the collection of VAT.
By imposing taxes on cryptocurrency transactions, countries can seize the opportunity to generate significant revenue and mitigate any potential tax revenue leakage. Furthermore, implementing effective taxation measures will help safeguard the integrity of the overall tax system.
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