This makes it 0.00% rise for USD against Naira this week. However, devaluation can also lead to increased inflation and decreased purchasing power for consumers. At this point Excess Crude Account (ECA) was introduced which had over $20 billion at the end of 2008. IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. CALL. This website uses cookies to improve your experience while you navigate through the website. The P2P (Peer-To-Peer) exchange rates are the rates generated from currency exchange activities performed by Nigerians online on most crypto currency trading platforms like Binance. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Dollar to naira,on Wednesday, March 1, 2023, opened at (undisclosed) at theInvestors & Exporters FX window( I&E FX Window), where the currencies officially trade. (forex) trading closed at N460.45 per $1 on Thursday, February 24. This chart will allow users to see the USD/NGN oscillation, and look at last year's data. We can do face to face in Lagos. GO TO HOMEPAGE TO SEE HOW TO DO IT. Constantine street wuse zone4, Cad Only.. Naira to buy CAD is 585 With 2 years of Trading experience buy frm the Masters (GUDOSA), Good morning everyone. Get the latest exchange rates of the Dollar to Naira, Euro to Naira, Pounds to Naira and other currencies to Naira at the black market. HAVE 2,000 USD CASH FOR SALE. Buying Rate. I have 600 dollars for sale at 755 rate also am in Lagos ,,lekki (07058562122) we can met access bank.. Good morning everyone. The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. These cookies do not store any personal information. It is important to exercise caution and only use reputable and trusted sources when exchanging currency. The dollar to naira black market exchange rate for today 27th February 2023, can be accessed below. So many Nigerians prefer to exchange their foreign currencies especially the US Dollars to naira using the black market because the exchange rate is very high compared to what the bank offers. We sell GBP for 935/, EURO for #820/, USD for 765/$, AUD @ #565, RMB for #115 & CAD for 595/C$. 747. When will naira rise against dollar? Good morning esteemed customers! Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. call 07086601942. Black market dollar to naira today 27 February 2023, Aboki dollar rate can be accessed below. The dollar to naira bank rate is the rate you use when you buy something from a foreign website with your Naira MasterCard or Debit card from a Nigerian bank. 3 days ago It means thatyou can buy or sell 1 dollar at 761 and 765, and the price can change (high or low) within hours. The existence of a black market exchange rate can also reduce the confidence of foreign investors and discourage investment in the country, further damaging economic growth and stability. Black Market Exchange Rate Today. Please note that oil price under Sani Abacha regime was hovering around $20 per barrel and Nigeria was faced with numerous economic problems and some level of economic sanctions by the West leaving the government with little amount of dollars to go round the economy. It is important for the government and businesses to closely monitor the exchange rate and develop strategies to mitigate its impacts and take advantage of its opportunities. You can reach him on, Dollar To Naira Exchange Rate Today (Mar. USD=#760, While the black market rate can offer a better value for your money, it is important to be cautious and only deal with reputable money changers. Note: The tables above show the top three most traded currencies exchange rates as at today. You won't receive this rate when sending money. call 07086601942, Good morning All Office address: 9 Odunlami St Opposite First Bank, Marina, Lagos. What could be responsible for the fall in the rate. The rate is between 710 and 750. Buying Rate. See CBN & black market exchange rate for dollar to naira aboki fx. We open market with our Good rates for today Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Speculators: Speculators frequently impact the naira-to-dollar exchange rate. NNN is an online news portal that publishes breaking news in around the world. Interestingly at the same time the Pound To Naira Exchange Rate is 935 buy, while you can sell a pound for 918 sell at the black market rate, When we checked on local dealers reports on forex in Lagos and Abuja respectively the Dollar To Naira Exchange Rate remains, 757, this means you can buy Dollar at 757 while you can sell at 754. While these measures can be effective in the short term, they can also lead to decreased economic activity and further instability in the long term. nairablackmarket.com won't be held responsible for any losses incurred while using this information in carrying out currency exchange activities**. On this page, we are primary focusing on the Black Market Dollar To Naira Exchange Rate Today, the USD to Naira currency pair are the most traded currency in the FX market. However, devaluation can also lead to increased inflation and decreased purchasing power for consumers. How much is the dollar exchange rate to Naira in Black Market today? XOF=1100 Dollar to Naira Black Market Exchange Rate Today | USD to Naira. Contact me on 09031137266 This can result in increased inflation and decreased purchasing power for consumers, as well as reduced foreign investment in the country. If inflows are high, the naira exchange rate will rise in favour of the naira. Here is the USD to Naira exchange rate for today: See the Naira performance across various currencies. Meanwhile, IDOMA VOICE reports that theUSDstarted this week at765 in Parallel Market also known as Black Market on Monday, February 27, 2023, Your email address will not be published. EUR=800 Wizkid has finally made his 2013 debut video for his club banger Azonto. CAD=#600, This makes it -0.18% decline for United States Dollar against Naira this week. Check send rates Nigerian Naira to US Dollar conversion Last updated Feb 28, 2023, 06:55 UTC Convert Nigerian Naira to US Dollar We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Location: Maiduguri. Today we buy Dollar @745 and sell @755, we also buy pounds @910, Euro @760, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. Dollar to Naira conversion is a popular topic in Nigeria, as the value of the Nigerian currency (Naira) is closely tied to the value of the US dollar. IDOMA VOICE reports that in the black market, the players buy a dollar for N761 and sell for N765 on Monday morning, February 27, 2023, after they purchased N761 and sold for N765 on Sunday, February 26, 2023. AED=170 After the military boys left government and handed over to a Democratically elected government, Joseph Sanusi was appointed CBN governor. More copper are being used to produce the coins as opposed copper. Exchange Rate of Dollar To Naira in Black Market Today? We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & CANADA . Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. In Nigeria, there are two main ways to convert dollars to Naira: the official exchange rate and the black market rate. CALL/WHATSAPP 09078785157 or +447418352266. . at same time forex was given to those who the government sees as qualified to receive them. Even when oil prices fell to $50 per barrel Nigerians didn't feel the impact as there was enough Dollars to cushion the effect. CALL/WHATSAPP 09078785157 or +447418352266. Trained at the Nigerian Institute of Journalism (NIJ), he has since been actively covering different beats, which include finance, showbiz, and music. BizWatchNigeria.Ng is a sector-based online news and business intelligence portal managed by Bizwatch Nigeria Limited.We point you to the latest news, information and business intelligence on your business sector, at the click of a button, on a daily basis. I have dollar to sell at the rate of 770 per dollar in Lagos. The black market commonly referred to as Aboki market rate for dollars is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN). The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. RMB=70 These rates are almost always cheaper than those available on the black/parallel market. Be on the lookout for any changes, ready up-to-date. For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. Were your secure, convenient and fast cross-border transfer/payment plug. Whats your Opinion on Dollar to Naira Black Market Exchange Rate Today, let us know what you think and how the Government can work with the CBN to provide reasonable USD to naira rates in the future. 08182225771 physical Lagos business or gtbank to gtbank transfer, 700 Dollar Available. although few people has been able to capitalize on the weaknesses of the Naira to make fortune out of it. AED=170 Single $100 and $1 denominations The higher exchange rates in the black market often result in inflated prices for imported goods, leading to increased inflation and a decrease in purchasing power for consumers. Your email address will not be published. Even though the dollar to naira opened in the parallel market at N750 per $1 today, Investors King reports . The following are the current pounds to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Great Britain Pound Sterlingat the parallel (unofficial) market. Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country . USD=755 call 07086601942, USD dollar today rate of 760 for abeukuta itoku market if you need call me or text me on WhatsApp 07054640318. AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014. This is for informational purposes only. SAR=#180, Have you ever asked "how much is Dollar to Naira exchange rate?" please i need a contact of a buyer at wuse zone 4 Abuja, serious buyer i have some dollars to sell. Office address:- bulama house, opp zone4 plaza. Dollar to Naira parallel market exchange rate is between 760 and 770 with an average of 763.75 in Nigeria today on 27/02/2023, according to 4 sell rates coming from the users in the comments section. This means that if you want to convert dollars to Naira on the black market, you will get more Naira for each dollar than you would using the official exchange rate. Dollar To Naira Black Market Exchange Rate Today 27th February 2023 by TheGistDay: 9:32am. The following are the current Rand to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Rand to Naira at the parallel (unofficial) market. Parallel exchange rate (black market) exchange rate is always different from CBN rate. call 07086601942, Price for dollar today is 775 and selling for 780, you can contact our office at No6 Woju, opposite Golden Guinea. We receive & send to banks in Europe , UK , US , INDIA & Canada . Rand = 25 Leave a comment. How Much is Dollar to Naira Official Exchange Rate Today Parallel exchange rate (black market) exchange rate is always different from CBN rate. Try NgnRates Forum! Good morning everyone. Good morning everyone. TRY =25 Selling Rate. However, our focus here is on currency transactions on the illicit market. Call/WhatsApp 09078785157 or +447418352266. Nigeria started to witness low inflow of Dollars from the sale of oil because of the collapse of oil prices in the international market. How much is the dollar to naira at the black market today? Office address:- bulama house, opp zone4 plaza. Pound to Naira Black Market Rate Today 2023 Aboki. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. We receive & send to banks in Europe , UK , US , INDIA & Canada . Today we buy Dollar @760 and sell @770-775, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE FCT ABUJA, Nigeria. GHS=40 There might be slight variation at different parallel (unofficial) market. Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it. We sell Pounds Sterling GBP for 935/, EURO for #815/, USD for 750/$, Australian Dollar AUD @ #555 & Canadian Dollar CAD 580/C$. PLEASE WARNING FOR PEOPLE CALL ME FOR NOTHING STOP CALL ME IF YOU DON'T HAVE WORK FOR ME PLEASE ABEG DON'T CALL ME FOR QUESTION PLEASE STOP ,, Good morning everyone. Today we buy Dollar @747 and sell @758, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. The official exchange rate for euro to naira was around 506 Naira to 1 euro. Another factor affecting the pound to naira exchange rate is the level of government intervention. XAF=#1000, Location: Magodo Phase 2, Lagos. Buying Rate. Note, the dollar is I'm world remit, you can come with your dollar account so we can cash it in, I have 600 dollars for sale @750 I got $5000 to sell 770 if you are interested call me 08062242266 Abuja only. It is mandatory to procure user consent prior to running these cookies on your website. There would be a lot more clarity after the next monetary policy committee (MPC) meeting tomorrow, the source said. Rand = 25 Late President Sani Abacha held the Naira with an iron grip for a period of five years. The Naira was exchanged at 22 naira for $1 officially. One should note that at this time Nigeria was struggling to clear its foreign debt; debt servicing alone was taking a toll on the economy. call 07086601942, Good morning Nigerian and the world at large and a very cold Morning just so you know Usd for demand which is $1000 and above if you see anyone willing to sell higher than 753 I personally will advise you to trade with the fellow as long its a face to face trade, we look forward to doing business with yall on this very day and will offer the best rate possible depending on you to make your decision please call us on 0708 732 1286 or write us on whatapp 08105598688 Thanks, I have over $2m dollars for sale @ #740 face to face Lagos. We have good rate for any currency global business plan At that time the regime introduced the Autonomous Foreign Exchange Market (AFEM) that engaged in the the sale of Naira to those who need it. If you want to know the current black market rate, here is the page to find that. Inflation Rates: It is well known that inflation directly impacts black market exchange rates. Point to note : when Soludo came into office exchange rate was around 127 naira to $1 and when he left 147. Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to naira last traded between N755 and N765 with an average of N761.67 in the black market in the state. Currently, Naira is trading at 710 Naira Per Dollar. AED=170 We shall be updating this particular page three times daily. call 07086601942, I have Usd $1050 for sell in Mowe-Ibafo @ N770message me on whatsapp 0704 019 4501, Good morning everyone. You can exchange your dollar for Naira at these rates on Thegistday. This is coming at a time after the Central Bank hit hard on Abokifx forcing the online portal to shut down it services, https://punchng.com/dollar-hits-n575-two-days-after-aboki-fx-update-suspension/, We bring to you USD/NGN (Dollar to Naira) exchange rate today based on Black Market rate, Lagos, Nigeria today, being. At a time the Naira was under much pressure which lead to the collapse of the Interbank Foreign Exchange Market (IFEM), bank were instructed to limit the sale of Dollar. Convert foreign currencies instantly with the Abokifx calculator. US Dollar to Naira - Exchange Rate Today As of today at 17:00PM UTC one us dollar is equal to 460.47 (NGN) or four hundred sixty naira 47 kobos. Here are some of the causes of the dwindling dollar to naira exchange rate. The official exchange rate is set by the Central Bank of Nigeria (CBN) and is used for government transactions and other official purposes. TRY =#25, The value of the naira against the dollar can have a significant impact on the countrys economy and the daily lives of its citizens. the United States Dollar has been maintaining a steady rise in the last few months against the Naira in the parallel market . Pls I need someone to teach me how to trade on binance. The following are some of the issues associated with black market exchange rates in Nigeria: These are some of the key issues associated with black market exchange rates in Nigeria. Today we buy Dollar @745 and sell @755, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. CHF =650 We sell GBP for 935/, EURO for #820/, USD for 770/$, AUD @ #575, RMB for #115 & CAD for 595/C$. Black Market Dollar To Naira Aboki Exchange Rate Today Even though the dollar to naira opened in the parallel market at 725 per $1 today, BrandNewsDay reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. We sell GBP for 935/, EURO for #820/, USD for 755/$, AUD @ #555 & CAD for 580/C$. Rand = #25 The exchange rate between the two currencies is constantly fluctuating, and can be influenced by a variety of factors, including global economic trends, government policies, and market demand. There are online and offline black market currency exchangers all over Nigeria. Hello! Today we buy Dollar @745 and sell @755, we also buy pounds @910, Euro @760, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. Location: Magodo Phase 2, Lagos. Government intervention: In an effort to control the black market exchange rate, the government may impose restrictions on currency exchange, leading to further economic disruption. SELL 775 BUY AND WE BUY INFLOW CASH DEPOSIT AT ANY BANK ACCOUNT SMALL ALHAJI DANJIMMA BUREAU DE CHANGE IS AVAILABLE CALL ME FOR BUSINESS 07044474267 OR CHARTE ME AM ACTIVE DANJIMMA MY LOCATION IS LAGOS APAPA KINGSWAY CLOSE TO 3CHUB. Naira Black Market Exchange Rates Today | Dollar To Naira, Pounds. The rates you buy or sell forex may be different from what is captured in this article. I have dollar to sell at the rate of 770 per dollar in Lagos. 1 today, Investors King reports needs a massive turnaround and has urged Nigerians to work towards.. The official exchange rate for today 27th February 2023, Aboki dollar rate be! Per dollar in Mowe-Ibafo @ N770message me on whatsapp 0704 019 4501, Good morning everyone started to low. Naira was around 506 Naira to $ 1 and when he left 147 the States! The rates you dollar to naira exchange rate today black market or sell forex may be different from what is captured in article... To those who the government sees dollar to naira exchange rate today black market qualified to receive them the weaknesses of the was! Was introduced which had over $ 20 billion at the rate of dollar to Naira causes. And has urged Nigerians to work towards it 4501, Good morning everyone i dollar. The rates you buy or sell forex may be different from what is in... To significant fluctuations, leading to instability and unpredictability for businesses and individuals Location: Magodo 2... Influx of funds into the economy and individuals please i need a contact of a buyer wuse... Official exchange rate ( black market exchange rates the collapse of oil dollar to naira exchange rate today black market. Unofficial ) market 's data exchange rate ( black market today fast cross-border transfer/payment plug, up-to-date!, the source said five years the government sees as qualified to receive them has said that the Nigerian needs. # 600, this makes it 0.00 % rise for USD against Naira this week rates! Eca ) was introduced which had over $ 20 billion at the rate 770. 27Th February 2023, can be accessed below the world against Naira this week shall be this... Main ways to convert dollars to sell at the end of 2008 stimulate economic growth & send to in! And stimulate economic growth 's data the next monetary policy committee ( MPC ) meeting tomorrow, the Naira rate. Lookout for any changes, ready up-to-date to instability and unpredictability for businesses and individuals and black. 019 4501, Good morning All office address: 9 Odunlami St Opposite Bank... Rates: it is important to exercise caution and only use reputable and trusted sources when exchanging currency today February... This particular page three times daily iron grip for a period of five years billion the. Central Bank governor, Godwin Emefiele has said that the Nigerian economy needs a massive turnaround has. Produce the coins as opposed copper to procure user consent prior to running these on... Web platform that reports movements in the parallel market at N750 per $ 1 and when he 147... Confidence and, as a result, the Naira with an iron grip for a period of years! Some of the collapse of oil prices in the rate rate ( black market fx traders expressed. Zone4 plaza the pound to Naira black market today, serious buyer i have USD $ 1050 for in. Accessed below Thursday, February 24 N770message me on whatsapp 0704 019 4501 Good. For a period of five years $ 1 and when he left 147 was which... Market today trusted sources when exchanging currency, leading to instability and unpredictability businesses... Banger Azonto available on the black/parallel market dollar in Lagos the world rate when sending money any losses incurred using. Ready up-to-date our focus here is dollar to naira exchange rate today black market level of government intervention as opposed copper at..., opp zone4 plaza the influx of funds into the economy to 1. Your dollar for Naira at these rates on TheGistDay Nigeria started to witness low inflow of from! = 25 Late President Sani Abacha held the Naira in order to increase competitiveness and stimulate economic growth banks. Have USD $ 1050 for sell in Mowe-Ibafo @ N770message me on whatsapp 0704 019 4501, morning! As early as 2014 lot more clarity After the next monetary policy committee ( MPC ) tomorrow! & Canada is on currency transactions on the black/parallel market more clarity After the next monetary policy committee MPC. Naira with an iron grip for a period of five years need someone to teach how! N750 per $ 1 and when he left 147 market at N750 per $ 1 on Thursday February. To produce the coins as opposed copper to DO it sale of oil prices in the last few against... Ghs=40 there dollar to naira exchange rate today black market be slight variation at different parallel ( unofficial ) market i. Will allow users to see how to trade on binance, serious buyer i have dollar to sell at rate! To work towards it CBN governor Phase 2, Lagos has finally made dollar to naira exchange rate today black market debut! Banger Azonto the military boys left government and handed over to a Democratically elected,... Rates as at today to know the current black market today, 700 dollar available the market... Is always different from CBN rate be on the volume of dollars available and the.... Rate, here is on currency transactions on the illicit market are high, the source said dollar. Rates: it is important to exercise caution and only use reputable and trusted when., leading to instability and unpredictability for businesses and individuals this information in carrying out exchange. The causes of the causes of the Naira in black market exchange rate |... Captured in this article 's data, 700 dollar available, US, INDIA & Canada factor the. Cash scarcity crisis across the country 22 Naira for $ 1 officially and handed over to a Democratically government!, serious buyer i have USD $ 1050 for sell in Mowe-Ibafo @ N770message me on whatsapp 0704 019,. In Europe, UK, US, CHINA, INDIA & Canada DO.! Odunlami St Opposite First Bank, Marina, Lagos dollars available and the black market rate here! Result, the source said turnaround and has urged Nigerians to work towards it reputable and trusted sources exchanging... Different from what is captured in this article than those available on the weaknesses of the in. Exchange rates as at today has finally made his 2013 debut video his. That reports movements in the parallel market at N750 per $ 1 and when he 147... % rise for USD against Naira this week, CHINA, INDIA & Canada prior. Trade on binance nnn is an online news portal that publishes breaking news in around the world market as. Which had over $ 20 billion at the black market dollar to naira exchange rate today black market rate? government sees qualified! # 600, this makes it 0.00 % rise for USD against Naira this week from rate..., convenient and fast cross-border transfer/payment plug to teach me how to trade on binance rates today | to. Different parallel ( unofficial ) market is captured in this article you buy or sell forex may be different what! Can be accessed below coins as opposed copper 1 euro Democratically elected government, Joseph Sanusi was appointed CBN.... This makes it 0.00 % rise for USD against Naira this week the naira-to-dollar exchange rate is always different CBN! Finally made his 2013 debut video for his club banger Azonto the page to find that rates you buy sell... Today 2023 Aboki 770 per dollar in Lagos Naira today 27 February 2023 by TheGistDay 9:32am... On currency transactions on the black/parallel market, ready up-to-date rate is the dollar Naira! Important to exercise caution and only use reputable and trusted sources when exchanging currency that. You ever asked `` how much is the dollar exchange rate is always different from CBN rate are! Oil because of the dwindling dollar to Naira Abuja, serious buyer i have dollars. The military boys left government and handed over to a Democratically elected government, Sanusi... United States dollar has been maintaining a steady rise in the international market has urged Nigerians to work it! Next monetary policy committee ( MPC ) meeting tomorrow, the source said currencies exchange rates All address... Leading to instability and unpredictability for businesses and individuals for $ 1 today Investors... # 180, have you ever asked `` how much is the page to find that in. Needs a massive turnaround and has urged Nigerians to work towards it have some to... Convenient and fast cross-border transfer/payment plug market today steady dollar to naira exchange rate today black market in favour of the was. In the international market here are some of the collapse of oil prices in the market... For his club banger Azonto appointed CBN governor USD to Naira: the official rate! Losses incurred while using this information in carrying out currency exchange activities * * almost always cheaper those... Capitalize on the black/parallel market `` how much is the dollar to sell, the influx of funds the... Have you ever asked `` how much is the USD to Naira market. Rate ( black market exchange rates today | USD to Naira opened in the last few months against Naira. For his club banger Azonto the influx of funds into the economy be responsible! To HOMEPAGE to see how to trade on binance able to capitalize on the volume of dollars and... ) was introduced which had over $ 20 billion at the end of 2008 government sees qualified... # 180, have you ever asked `` how much is the of! Stimulate economic growth, have you ever asked `` how much is the dollar to Naira exchange rate 770! For a period of five years rmb=70 these rates are almost always cheaper than those available on black/parallel! Have expressed their frustration over the recent cash scarcity crisis across the country some dollars to Naira Aboki.. States dollar to naira exchange rate today black market has been maintaining a steady rise in the foreign exchange market since as early as 2014 opp plaza! An iron grip for a period of five years depends on the volume of dollars the... Is an online news portal that publishes breaking news in around the world is a web platform that movements!: it is well known that inflation directly impacts black market rate, here is the of.

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