The Floating Exchange Rate Policy
Some few days ago, I decided to promote my website’s fan page on Facebook (If you have not yet liked it, be sure to do so by the right hand side of this post…thanks). Facebook accepted advertisers from Nigeria to pay in their local currency which is Naira. I was so excited when I saw this option, I then went ahead to set up my ad. I uploaded my logo, targeted my audience, and was about to select a payment method. When I got to this section, I quickly went to grab my GTB Naira denominated debit card; inputted the number and the cvv2. After, I pressed the OK button and like a little child was smiling and thinking about how wonderful Facebook is for availing us this option. Deep in thought, I didn’t pay attention to the message on my screen. Then I glanced at it and saw an error message, saying that the card had been declined, I should try another card, and if it persists, I should contact my bank. What? I yelled, are they taking a piss? I was so sad.