Within 24 hours, dollar crashes massively against naira on # BINANCE.
The United States dollar crashed against the naira at the cryptocurrency peer- to - peer market platform binance. As of 8 am on Wednesday, the dollar trended for as high as #1,415 /$1 from as low as # 1606/$1 within 24 hours. At the time of writing this story the exchange rate was trading at #1458/$1.
https://www.thegeniusmedia.com.ng/2024/02/28/breaking-within-24-hours-dollar-crashes-massively-against-naira-on-binance-detailsIt is a very nice one right but at first what should be considered is, this naira currency was lower than this before it came up to this amount now and since then we have been witnessing the up and down are you really happy about this or this is just a scam or do you think it will be better than this. Let's all watch and see what happens but some people are not happy about it right cause if you earn in dollar now your exchange will be low by now and if you earn high in dollar you still have to buy costly in naira so how do you view this. You wish to earn in dollar or you want the price of goods to come down in Nigeria.
Don't put hope yet that naira is gaining against dollar because what I will assure you that as much as this government is concerned, there ways of leadership is the more you look the less you see.
Arresting bearu the change is the problem of dollar high against naira what your see now is called initial gragra which will soon end and you will see dollar gaining more weight again because, the level of importation and smuggling have not ended and will not end soon considering the high cost of living due to poor production.
Be it as it may if this continues to drop it will be a welcome development because it's really affect all angle no matter how your source income is u can't match the cost of market good as it drain income faster than when it was moderate. I will only advice that one should not put hope completely hoping is coming down to avoid heart break let it only end you past we have experience as citizens.