How Can The Naira Regain Its Value After Losing It? - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / How Can The Naira Regain Its Value After Losing It? (596 Views)
How Femi Otedola Avoided Suicide After Losing $480 Million In Diesel Market / Can the Naira Regain Its Strength Against the Dollar? / Turkish Currency Loses Over 50% Of Value After Sharia Law Is Applied To Forex (2) (3) (4)
| How Can The Naira Regain Its Value After Losing It? by CodeTemplar: 1:18pm On May 28, 2021 |
Or to put it generally, How can a currency be strengthened? Is it by printing more or taking some of it out of circulation without replacement or some other appraoch? |
| Re: How Can The Naira Regain Its Value After Losing It? by CodeTemplar: 1:19pm On May 28, 2021 |
Naira is now going for 480 per dollar. |
| Re: How Can The Naira Regain Its Value After Losing It? by Nobody: 1:21pm On May 28, 2021 |
By thunder fiiiiirrrrreeee Buhari and his CAMBINET out from the government... |
| Re: How Can The Naira Regain Its Value After Losing It? by Ogamysamo: 1:25pm On May 28, 2021 |
until nigeria get sense and reduce the price of things e.g things sold for a dollar in america be sold for #5 or #10, naira will forever be as useless as a cowshit 1 Like |
| Re: How Can The Naira Regain Its Value After Losing It? by Ogamysamo: 1:33pm On May 28, 2021 |
let nigeria go back and carry kobo from where they kept it. let the current value of naira be given to kobo so that naira will be upgraded. if the #480 per $1 be 480kb per $1. as #=100kb. 480kb per $1 will be =#4.8 per $1. if this formula is adopted, naira# will be better than euro£ and dollar$. 1 Like |
| Re: How Can The Naira Regain Its Value After Losing It? by TOESL25(m): 3:43pm On May 28, 2021 |
Invest massively in manufacturing and encourage export 3 Likes 1 Share |
| Re: How Can The Naira Regain Its Value After Losing It? by Trex4(m): 3:58pm On May 28, 2021 |
It's basically easy. At least on the surface. Increasing exports, buying US bonds and getting a lot of US assets. China has a lot of US government bonds that they could sell and make their Yuan more than the dollar. But they don't do that just for Making their exports cheaper. High interest rates for hot flow economics(although it can backfire), reducing inflation/Hyper inflation, reduction of borrowing and lastly some top Notch fiscal and monetary policies for the supply side. |
| Re: How Can The Naira Regain Its Value After Losing It? by CodeTemplar: 7:06pm On May 30, 2021 |
Ogamysamo:With this your calculation the minimum wage will now be #300 as against the current value of #30,000. That's like collapsing the current naira system and Printing a new one that's 100 times lesser in value just to rebase the currency. It will only lead to lesser cost of average currency printing and not add value to the naira. 1 Like |
| Re: How Can The Naira Regain Its Value After Losing It? by CodeTemplar: 5:11pm On Nov 25, 2022 |
Ogamysamo:Printing money cost money. |
(1) (Reply)
Moniwallet And Their Fraud. / Contact Me For Your Cow,ram Or Goat Purchase / Plantain Chips Business In Nigeria
(Go Up)
| Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 12 |