Post
Topic
Board Nigeria (Naija)
Re: What if the naira currency takes its shape again
by
Pi-network314159
on 26/02/2024, 18:32:09 UTC
My question to all what if this naira currency takes it shape today what is ur fate what will you say you have benefited from when it was high, cause I still feel that lots of people don't have any savings at all so what will be the difference between you that is earning in dollar and has no savings and a person earning in naira and still has no savings.
There is no benefit I see in the rise and fall of fiat, because if the price of $1 = #1800 today, and you want to buy anything, you will buy according to the current price of goods maybe 1 bag of cement is #10000 when $1= 1000 it means that if the price of fiat has strengthened against dollar, that same 1 bag of cement may cause #8000 if the current price of $1=#800 so there is no much difference.