In this video, I'm breaking down the difference between the black market rate for $100 bills and smaller US dollar bills in Nigeria.
Listen up!
Those advertised dollar rates? They're usually for crisp $100 bills. But hold on, many black market exchangers won't give you the same sweet rate for your fives, tens, or ones.
Here's the shocker: some exchangers might offer 1200 Naira for a single dollar bill, while others might scoff and say 1000 Naira is all they'll give. Big difference!
My advice? Before you hit the black market, ask about their rates for smaller bills. Don't get surprised later.
Now, banks are a whole different story. They play by the rules and exchange any amount of US dollars for Naira. But hey, the rates might not be the best.
Sending someone to exchange your cash? Be warned, they might get offered a lower rate than you expect.
The bottom line is this: know your black market rates before you exchange. Run the streets with knowledge and experience, that's how you get the most Naira for your dollar!
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