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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Venezuelan Bolivar - What Can It Buy You? (37322 Views)
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Re: Venezuelan Bolivar - What Can It Buy You? by Butterflyle0: 1:46pm On Aug 21, 2018 |
This is what would have happened to Nigeria if Jonathan had been allowed to continue as President when recession hit the whole world. The right economic policies under PMB brought us out of recession in just a year while Venezuela went fully into total recession despite also being an oil producer. 3 Likes 1 Share |
Re: Venezuelan Bolivar - What Can It Buy You? by FroshD: 1:46pm On Aug 21, 2018 |
This kind currency no follow
so na suffer that my guy just dey like this chaiii 2 Likes |
Re: Venezuelan Bolivar - What Can It Buy You? by BedLam: 1:46pm On Aug 21, 2018 |
Bad leadership. The idiot of a president won't step down. Same as Bubu |
Re: Venezuelan Bolivar - What Can It Buy You? by kerry57: 1:48pm On Aug 21, 2018 |
America wicked die. See wetin they don turn Bolivia into just because Trump maduro disagreements. The masses are suffering it. Not fair from my own view. 2 Likes |
Re: Venezuelan Bolivar - What Can It Buy You? by DonX001: 1:48pm On Aug 21, 2018 |
So how much would a car cost?? You will need to hire a trailer to carry the money to pay for a car. PS: You will even need a wheelbarrow to first carry the money to hire the trailer sef....see wahala! 3 Likes |
Re: Venezuelan Bolivar - What Can It Buy You? by kerry57: 1:48pm On Aug 21, 2018 |
kerry57:Venezuela not Bolivia |
Re: Venezuelan Bolivar - What Can It Buy You? by dlondonbadboy: 1:48pm On Aug 21, 2018 |
In the history of Nigeria, we have gone into recession twice and Buhari was in charge on both occasions. Was Goodluck there in 1984? Smelly Butterflies 6 Likes
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Re: Venezuelan Bolivar - What Can It Buy You? by itswell1: 1:49pm On Aug 21, 2018 |
Dudeweedlmao:Sai baba till 2023. This was PDP plans before until Sai baba came to Nigeria rescue 1 Like |
Re: Venezuelan Bolivar - What Can It Buy You? by Nobody: 1:49pm On Aug 21, 2018 |
wait what if i get dis currency nd stockpile in anticipation of it actually getting better when 1m boliviar currency actually worths 1m |
Re: Venezuelan Bolivar - What Can It Buy You? by DaRuud(m): 1:49pm On Aug 21, 2018 |
With 2, 500, 000 bolivars you can sleep with 10 mumu fish brain girls for 10 nights , only for them to discover it naira equivalent in BDC that its #3500 BruncleZuma: 2 Likes |
Re: Venezuelan Bolivar - What Can It Buy You? by otokx(m): 1:49pm On Aug 21, 2018 |
2.4kg cost $2.22 in Venezuela How much does it cost in Nigeria? 1 Like |
Re: Venezuelan Bolivar - What Can It Buy You? by richeeyo(m): 1:51pm On Aug 21, 2018 |
BruncleZuma:I think Zimbabwe took a similar approach |
Re: Venezuelan Bolivar - What Can It Buy You? by Nobody: 1:51pm On Aug 21, 2018 |
Time to go import some fine chiiks from there. 1 Like |
Re: Venezuelan Bolivar - What Can It Buy You? by itswell1: 1:51pm On Aug 21, 2018 |
dlondonbadboy:Govt was borrowing to pay salaries to worker's ,state government could not 0ay salaries during PDP era. Buhari came in and stopped the haemorrhage in Nigeria caused by PDP. Now he is leading Nigeria to recovery. Sai baba till 2023 2 Likes |
Re: Venezuelan Bolivar - What Can It Buy You? by BruncleZuma: 1:52pm On Aug 21, 2018 |
richeeyo:Yeah |
Re: Venezuelan Bolivar - What Can It Buy You? by bankylan: 1:53pm On Aug 21, 2018 |
scully95: See misinformation. What dollar are u ditching. Talk to bankers who treat Form M and Form A every week. If at all Yuan us used for all transactions with China, same factors that drove dollars high relative to naira will drive yuan up.......Inflation rate is not a direct effects of Fx rate. 3 Likes 1 Share |
Re: Venezuelan Bolivar - What Can It Buy You? by BruncleZuma: 1:53pm On Aug 21, 2018 |
otokx:like NGN4500, I may be wrong |
Re: Venezuelan Bolivar - What Can It Buy You? by SmartyPants(m): 1:55pm On Aug 21, 2018 |
Seems their currency is literally not worth the paper it is printed on. 5 Likes 1 Share |
Re: Venezuelan Bolivar - What Can It Buy You? by DonX001: 1:57pm On Aug 21, 2018 |
correctguy0900:Lol, and I hear say dem chics fine well well... |
Re: Venezuelan Bolivar - What Can It Buy You? by vicmac09(m): 2:00pm On Aug 21, 2018 |
This is bad and you can't even leave this country as a citizen cos money for visa, passport and so on will cost over trillions of the money. A classic example of we die here. 1 Like |
Re: Venezuelan Bolivar - What Can It Buy You? by dlondonbadboy: 2:02pm On Aug 21, 2018 |
itswell1: What was the excuse in '84? Haha. Go and sotdown. Buhari is clueless... 1 Like |
Re: Venezuelan Bolivar - What Can It Buy You? by Nobody: 2:02pm On Aug 21, 2018 |
Is like I will go to Venezuela on my next vacation Apart from Flight expenses, every other thing will be damn cheap. |
Re: Venezuelan Bolivar - What Can It Buy You? by emmanuelpopson(m): 2:02pm On Aug 21, 2018 |
This is what happen when a country depends on only one source of income for its foreign exchange.. OIL.. they were smiling to the banks when oil prices were at its peak and they never save for these scourge of famine and economic recesssion... Nigeria should learn from them as once buoyant economy may swing down anytime if the right things aren't done... build infrastructures,develop technologies, innovate and create an enabling environment for start ups... 3 Likes 1 Share |
Re: Venezuelan Bolivar - What Can It Buy You? by Akpuoru: 2:03pm On Aug 21, 2018 |
Nigeria would've been this way if Jonathan had continued. Moduro had been playing the father Christmas, eating the future of Venezuela. You do not eat your cake and have it. I agree that things are tough but that is called saving for the rainy days. You do not eat every thing you have simply because they appear inexhaustible. We have sacrificed so much for us to allow hawks to come and squander our gains. This is the very reason I want PMB to continue. Let's complete this tortuous sacrifice and reap its benefits. This is indeed the worst we can get except we hand over to destroyers. The future is bright. 2 Likes |
Re: Venezuelan Bolivar - What Can It Buy You? by Miyachi: 2:04pm On Aug 21, 2018 |
scully95:All those solutions you mentioned will not have saved them from the impending doom at best it would have slowed it a bit and at worst it would have hit harder. They created their cryptocurrency (it's still a currency, pseudo even though), but what guarantees it value? Their economy? Don't forget that a currency's value in an open market is a rough estimation of the strength of the economy of that country. Growth is stagnant because their economy is largely dependent on oil (paradox of plenty) and their oil wells are running dry because of lack of maintenance. The little they can produce is used to pay of debts to China, I think, and one other country (or countries). In fact, Venezuela is where you don't wan't to be as a nation. There's no quick fix. Popular economics wouldn't fix it. |
Re: Venezuelan Bolivar - What Can It Buy You? by JacksonOyibo: 2:05pm On Aug 21, 2018 |
1 Like |
Re: Venezuelan Bolivar - What Can It Buy You? by Das77herbal: 2:06pm On Aug 21, 2018 |
That means marrying a Venezuelan lady will be very cheap. |
Re: Venezuelan Bolivar - What Can It Buy You? by JuanDeDios: 2:07pm On Aug 21, 2018 |
BruncleZuma:South Africa? |
Re: Venezuelan Bolivar - What Can It Buy You? by BruncleZuma: 2:07pm On Aug 21, 2018 |
JuanDeDios:Give them time. |
Re: Venezuelan Bolivar - What Can It Buy You? by Jabioro: 2:08pm On Aug 21, 2018 |
The mint production cost is far more than the what it can exchanged for..toilet roll and the hip currency,it is better to wipe your yansh with the currency. 4 Likes 1 Share |
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