Quote from: Fiatless on July 20, 2025, 07:56:01 PM

Since this year Naira don experience some stability but I no go still advice anybody to save money for Naira.To keep money for fixed deposit na waste of time because the interest dey lower than inflation rate. The money you fit keep for Naira na the one you want use for monthly or weekly expenses. The best thing na to invest your Naira for any asset wey fit serve as hedge against inflation such as gold, Bitcoin, real estate, etc.

The thing is Naira hasn’t be falling like the in the past and has been stagnant because we are actually correlating the Naira with the US dollar and since the second quarter of this year the USD itself has been facing challenges against the other top currencies and it was more looking like the dollar was devaluing and since the Naira is paired with it the Naira looked stagnant and at some points was actually looking like it was appreciating but it was rather the USD that was depreciating then and that’s why the US government is just rolling out policy to keep USD dominance, the real effect of the Naira currency will be seeing when actually compared with other top currencies.

But regardless of the worth of Naira, it is never good to leave off your funds in any fiat currency because fiat currency can not fight away inflation and if at such it leaves your money idle. One of the smartest way to earn wealth is allowing your to work for you. For someone has some funds for spare for some years it is best to invest it.

Investment should be a long term goal and not short term