Post
Topic
Board Nigeria (Naija)
Re: Naira falls to 2 month-low of N1,419.11/$ as foreign inflows slow
by
promise444c5
on 30/04/2024, 08:15:12 UTC

The price of a currency does not matter. What matters is a stable economy and how the currency price is stable. The government are unable to give us these.
I agree to this , it's not the currency value that  matters but the economy  really matters .
For example let's  take a look at Won,
Won is having  almost the same value  as our currency now besides our currency  was even  far better  than theirs before .
Let's take a look at their economy compared to ours, they are doing far more better  than us.
If an economy of a country flourish every other things will fall in place e.g If our economy becomes better and the currency is still weak, wages and salaries  could be increased there by increasing inflow of various individuals, now even if price of goods are high(at least stabled),   individuals should be able to afford it as there's now increase In  their incomes,to balance the spend out shouldn't be a problem.