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Nairaland Forum / Nairaland / General / Business / Why Do Developing Nations Import Goods With Dollars. (356 Views)
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Why Do Developing Nations Import Goods With Dollars. by collins2much(m): 7:54am On Apr 15, 2016 |
Am Comptempleting and asking myself questions why do developing nations use D Dollars for importation? Recently there was hike in price of Dollars, price of goods were also inflated. Why can't we use China currency to import goods from china, and Japanese yemen to import from japan etc. If American government can withheld their weapons and drugs from us when we need it most, artificial scarcity of their dollar is possible to punish a particular Nation. Until developing nations come up with an alternative Exchange rate for importation, we will continue to suffer economic woes, just take a look at d EURO, European nations use it for their exchange inside of d so called Dollar. Have nice day friends |
Re: Why Do Developing Nations Import Goods With Dollars. by Ofodirinwa: 8:02am On Apr 15, 2016 |
other countries won't accept their trash currencies. Imagine being in South Africa and someone will ask you whether you want dollars or naira. |
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