Quote from: Pi-network314159 on Today at 06:32:09 PM

Quote from: Bright0515 on February 25, 2024, 02:23:11 PM

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.

There is no much different for you because you earn in dollar. Do you know people are really struggling to survive with the rate things are expensive. Let's also consider the civil servants which have been on stable salary for long. The naira stability will have a very great impart on them.