You guys we need to wake up. USD has been the world’s currency before I was born and people aren’t talking about it . There’s no God among us, so who made the rule ?

We have 195 countries around the world. Why is the world using one country’s currency as a means of exchange? That’s indirect slavery! Fraudulent act!! It needs to stop.

Russia and china and a few other countries have succeeded in opening a lot of people’s eyes. USA is not in anyway special and we have equal rights as citizens of this world.

Good morning

Stop typing ignorantly.

A sensible investor/nation will only hold a legal tender that can be backed by a strong economy. You hold a currency because it floats according to demand and supply economic principles in a market or economy that is secure.

If the above doesn't hold, then it's a very risky move to hold a currency that can be pegged or fluctuates significantly with a little drift to either side of the demand supply economics.

The outcome may be catastrophic as life savings might be lost.

Now imagine a nation losing its life savings; what is commonly called Reserve.

Even Russia and China have the bulk of their Reserve in Dollar.

You also want to currency that can be easily exchanged and easily accepted.

Can you exchange a sizeable amount of the Russian Ruble or Chinese Yuan in Nigeria?
Oh yes, you can have a million dollars exchanged in Nigeria in a few minutes.

I made same statement sometime ago. Russia is feeding the west with gas and wheat which stabilizes their economy,but yet,they are using USD to trade with Russia. Isn't that robbery? And when Russia now took their stand that henceforth,only Ruble will be accepted and some western countries like Poland are kicking, come on,what do they mean?

You want to buy from me,and I am telling you to pay me in my own currency and you are insisting it must be a foreign currency,are they alright.


Whether they want it or not, the era of Petrodollar is coming to an end. US is a criminal that has been shortchanging the world for long

Whether the west likes it or not, they must pay Russia in Ruble or see their gas pipe switched off.

USA economy

I wonder ooo

Who made Ffk abia state delegate?

People have been trading in world currencies

But USA pushed OPEC to adopt dollars in pricing of Crude

Everyone deals on crude hence the circulation

Aside that, it's the most stable currency due to the economic power of USA

People do not only trust in their economy but also their system

If China never relaxed some of their communist traits, they will never have gotten to where they are

Finally, any stable working economy is a global currency

It is a white mans world.

Segzy22:
I wonder ooo

President Richard Nixon in 1973, before that the price of gold was used as the world currency exchange medium, Nixon & the Yankees changed it overnight.