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#1 = $1: How Possible Is This?! - Business - Nairaland

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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:
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.
are you saying its not possible? *confused*
Re: #1 = $1: How Possible Is This?! by delishpot: 1:39pm On Mar 29, 2015
ceeSleek:
are you saying its not possible? *confused*

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.

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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.

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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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