Post
Topic
Board Nigeria (Naija)
Re: Dollar increase
by
Tuclikk
on 25/01/2024, 22:23:10 UTC
But the question I could love to ask is bitcoin and dollar related or does increase in dollar affects bitcoin rates
Op in this situation, you know the relationship between U.S Dollars and Bitcoin, it just like when one increases the other decreases or play vice by versa. That's how they them they play their role, it very common if you are one of a kind whose normally observable, due to the signal changes we do have time to time, the falling rate and the increasing rate.

But the matter is not about the government able to country naira, the reason naira keeps depreciating so fast is become we depend more on imported products and depending on foreign services.
Of course that's what has to be tackled in naija, because we too dea rely on foreign products, na wetin still dey kill the country be that, the currency Naira has no value at all as of now. If the government can supply the country with what it needs, the country will start making products of it own, not by relying on other countries products.
It is also an improvement for the country, because if we can make a good product and supply it to other countries. With respect if our product looks good, other country will engage themselves to our services.
It upon the government to take one step ahead, so that the country will not be depending on foreign services.