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Nairaland Forum / Nairaland / General / Business / #1 = $1: How Possible Is This?! (691 Views)
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#1 = $1: How Possible Is This?! by ceeSleek(m): 1:26pm On Mar 29, 2015 |
General Muhammadu Buhari said, he will make $1 = #1 if he wins. Please, Business inclined experts, how possible is this possible [i'll like to know] |
Re: #1 = $1: How Possible Is This?! by delishpot: 1:32pm On Mar 29, 2015 |
Its a dream. The people that hold that power will dictate hiw the dolar and Naira move. Unless Naija will becone a world power and overthriw USA and become self sufficient Within a few months after Buhari takes over power. America uses the value if its dollar to control world finances and economies. Its a dream I will like to see come true. |
Re: #1 = $1: How Possible Is This?! by ceeSleek(m): 1:36pm On Mar 29, 2015 |
delishpot:are you saying its not possible? *confused* |
Re: #1 = $1: How Possible Is This?! by delishpot: 1:39pm On Mar 29, 2015 |
ceeSleek: It is possible. If America does not sabo the plan. Those people are wise too. They will do all in their power to make that dream not happen. They will look for a way to remove such president/ leader. Such a move will affect the economy of America esp as oil is concerned. Its possible, everything is possible but not everyone wants what is possible. 1 Like |
Re: #1 = $1: How Possible Is This?! by EZEIGBO1OFIMO: 1:42pm On Mar 29, 2015 |
its pure economic stupidity..... read the 1944 bretton woods agreement and the abolishment of the gold standard; you'll see why having dollar equivalence doesn't translate to good economy. e.g Japan is one of the worlds top 8 economies, yet $1= 119.76 Japanese yen..... korea is 3rd most tech. advanced economy, a top 20 world economy, yet $1= 1,002.50 Korean won. 1 Like |
Re: #1 = $1: How Possible Is This?! by EZEIGBO1OFIMO: 1:46pm On Mar 29, 2015 |
floating exchanged rates is one of the many tools of Central Banks Monetary Control Power. Even if dollar is equivalenced today, what will back this economic foolishness; oil prices are abyssmally low, purchasing power parity will remain same, the NSE all share index is just with a capitalisation of $50 billion+, the cost of this economic stūpidity will be too large to bear. GHANA DID IT AND TODAY THEY HAVE RUN BACK TO IMF to seek bailout and outrageous LOANS |
Re: #1 = $1: How Possible Is This?! by eph12(m): 2:33pm On Mar 29, 2015 |
If China can't then we can't. |
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