Post
Topic
Board Nigeria (Naija)
Re: Nigeria Local Board, All board discussion welcomed. {No Official Language}
by
Smartvirus
on 21/09/2021, 20:05:01 UTC
but it is the government that are controlling fiat price in a way to protect the foreign reserve. If citizens are importing more products, to help reduce the rate of foreign reserve depletion, the government will have no option than to devalue their local fiat currency. About how strong a fiat currency is, it is not a matter of the price, it is the marketcap (people that are using it and to what extent they are using it).
Obviously, this one way you talk here na true and I no go blame them completely. The only question I go ask na either, e dey help at all? Becuase with the way me I de6 see am, e no dey change anything. Naija na kontry way like spend money, that na to mean the citizens o. We get small money and we no dey like hide am, either we dey home or away, na so e just be. Wher the matter cast reac h na for the poor people way dey the society because, na them go suffer this thing. Nothing concern person way get money because, e go still be am like say nothing happen and na from them kwa, na em the petty traders go feed. As them go inflat price on there produce to enable them buy foreign products too. Na so the trend go just dey waka.