AllenSpencer:
🤣🤣🤣🤣🤣


Russia did same and we all know where the Ruble at now!

It’s just a matter of time!

India should dump the dollar as their reserve currency and I will take them serious. 🤣🤣🤣🤣

You guys deceive yourselves. The same thing America would kill leaders who attempted to do it in the past, it's same thing you're sounding like it means nothing now. Dollar is hurting.

ecolime:
Good one. I've always supported trading in local currencies.

Nevertheless, it won't still scratch the value of the dollar. The US exports more than they import so na the balance of payment be the koko.

There is a reason why Pounds sterling GBP is strong like a rock despite not being used as the major world settlement currency like the USD.

As long as the US stay ahead of others in innovations, technologies, etc. they have nothing to worry.

A country that owns and hosts Apple, Google, Microsoft, Oracle, Boeing, GE, Amazon, Tesla, etc and you think their currency will just fall yakata?

Just dey play

Good to see someone talking sense in this platform even in layman's term. The US is so great to the extent that even a state's economy - California to be precise is bigger than the whole of Africa's.

FuckTheMod:
Beautiful!
This real and right trading.
Not trading over useless and USA-worth-attached papers.
THE FALL OF UNITED SNAKES OF AMERICA IS EMINENT.

My friend just relax. How UAE would used the India Rupee now to buys things from others. They will still end up convertying it to dollar. People like you like anything that negative about USA because they denied you VISA. Remember that pounds, Euro, Switzerland, Kuwait and other countries money are stronger USA dollar so countries trading with currency doesn't stop the dollars because at the end of the day, those countries will still convert the money to dollars in other it to buy things from other countries.

Look at it this way. which country now will accept India rupee under than India itself. so what did they achieve at the end of the day, nothing more especially if India doesn't have anything UAE want to buy from them. UAE will convert ti dollars and buy from other countries.

ecolime:
Good one. I've always supported trading in local currencies.

Nevertheless, it won't still scratch the value of the dollar. The US exports more than they import so na the balance of payment be the koko.

It did unless you didn't read the report, a gradual decline.

Yellen’s reassurance follows a 8% decline in the dollar’s share of global reserves in 2022.

There is a reason why Pounds sterling GBP is strong like a rock despite not being used as the major world settlement currency like the USD.

As long as the US stay ahead of others in innovations, technologies, etc. they have nothing to worry.

A country that owns and hosts Apple, Google, Microsoft, Oracle, Boeing, GE, Amazon, Tesla, etc and you think their currency will just fall yakata?

Just dey play

I don't think it is about that at all. Just a little less reliance on it 100% is most countries are after as they usually used it as weapon against other countries.

Leebeedo:


Good to see someone talking sense in this platform even in layman's term. The US is so great to the extent that even a state's economy - California to be precise is bigger than the whole of Africa.

Is this a real fact or the one you just pulled out of your ass?

ecolime:
Good one. I've always supported trading in local currencies.

Nevertheless, it won't still scratch the value of the dollar. The US exports more than they import so na the balance of payment be the koko.

There is a reason why Pounds sterling GBP is strong like a rock despite not being used as the major world settlement currency like the USD.

As long as the US stay ahead of others in innovations, technologies, etc. they have nothing to worry.

A country that owns and hosts Apple, Google, Microsoft, Oracle, Boeing, GE, Amazon, Tesla, etc and you think their currency will just fall yakata?

Just dey play

Good points though!

though Dollar may not fall as you viewed but currency of other nations may not disappear as it look like now globally.

Also, countries around the world who were sleeping before can come up and be productive to give their currencies good TITLE.

The US dollar is about to finally quit the stage as the world's number one currency.

What an interesting time lies ahead of us.

Way to go , more of this is encouraged.

God bless Mother Russia .

The pains have landed in Washington DC

Bluntemperor:


Why American Dollars will Stay:
Don't mind the them- all these terrible other Countries! They just they parambulate on what to do- even the OP( the Writers in Nigeria and African) at large!
So,if Rupees for India and the Russia used their own,so who no want used their Currencies- is that not Selfishness? Is that not how the Chinese stole majority of the Western Secrets and now don't want other Countries/ her Citizens to Marry any Chinese because of fear that they will leak Chinese Secret abroad? You can see how Selfish the Authoritarian Leaders are!
-The Dictators Countries - China and Russia can't never allowed themselves their Currencies usage Worldwide because they don't understand that Democracy is still the best form of govt!
-Democratic Institutions all over America and Europe is continuously being improved upon,unlike like rules of thumbs by the Communists where everything starts and ends with one Man! See how Britain allowed Hong Kong to go but see how the Chinese have messed up the Country- no choice,no respect for Rules and No Freedom for humans!
That is Trump-mischievous emblem of a Republican State and if Americans have not been very vigilant and guide their Democracy Jealously, International Insurrectionist like Mr Trump would have ruined their Kingdom,as some see American as too arrogant but still love them same time!

SMH western media has finished you.

AImiron:


Source

This is what Africa should be striving to do instead of looking for military intervention.

AllenSpencer:
🤣🤣🤣🤣🤣


Russia did same and we all know where the Ruble at now!

It’s just a matter of time!

India should dump the dollar as their reserve currency and I will take them serious. 🤣🤣🤣🤣

You’re just myopic
When people are trying to change a system of monopoly, instead of you to clap for the courage at least, u start belittling

Anuofia

Karleb:


There's a reason why BRICS is BRICS and not UAE and Indian only.

This is a group of countries that have agreed to trade with themselves. UAE will keep the Rupees in their Rupee reserve to trade with Indian when need arise.

You don't expect countries to come together and not have a solid plan.

Keep rupees till they need to trade with only India? which means after selling their oil/goods they can't use the proceed to do anything for their citizens until they trade with India to complete the 'trade by barter'

each BRICS country will have to have a currency reserve for all countries in the BRICS, an Indian rupee reserve, a Brazilian real, South African rand reserves etc even if there are 20 countries that is 20 reserves not minding trade deficit and the inflation in the host country of the currency, imagine a country apart from Nigeria keeping Naira reserve with this our unstable currency value I pity the country in advance

The only way forward is the entire BRICS countries must adopt one single currency as the currency of trade which all member countries must be mandated to collect for trade within member states, not relying on over 10 different unstable currencies

the problem with the above is that which country will be put forward and why? the adopted country will no doubt be the single highest beneficiary of BRICS just as USA is the highest beneficiary of USD trades

the problem with the above is that most member countries will want the adopted country to be theirs otherwise they are just there to strengthen the adopted country's currency, this singular issue may crumble the entire BRICS

Karleb:


There's a reason why BRICS is BRICS and not UAE and Indian only.

This is a group of countries that have agreed to trade with themselves. UAE will keep the Rupees in their Rupee reserve to trade with Indian when need arise.

You don't expect countries to come together and not have a solid plan.

that is trade by barter pro max

FuckTheMod:
Beautiful!
This real and right trading.
Not trading over useless and USA-worth-attached papers.
THE FALL OF UNITED SNAKES OF AMERICA IS EMINENT.

of what use is rupees to a Nigeria business man doing business in Nigeria?

Will you accept rupees in place of U.S dollar?

Nigerians should rather focus on the many problems bedeviling Nigeria.

Nigeria in the 60s was far ahead and doing better than India.
But look at Nigeria today. Nigeria is nothing but an empty shell.

Our problem is not the dollar or the U.S, our problem is having corrupt men and women occupying everywhere in the decision make of this country.

The world revolves around the West and America. 99% of smart phones and Computers are running on US-made OS.
SpaceX is currently controlling 90% of commercial launch markets.
Boeing and Airbus owns over 99% planes and jets sold in commercial markets.
Airbus newer planes use American built engines like S&M, Whitney Pratt, GE etc.
Most sold and best selling helicopters are built in US and Canada.
The most valuable automobile brand is Tesla.
Starlink will soon rule the internet space just as SpaceX is ruling the commercial space launches.
Google and Apple services generate more money than 50% of Companies in India and Russia.
America makes the best fighter jets, and ammunitions for warfare, and they are bought in dollars.
ASML(Holland), TSMC(Taiwan ), Intel etc make great chips which control whatever is used in 4G, cars, 5G internet networks, planes, Jets, ships etc. Huawei is struggling to make international impact after it was blocked from sourcing chips from American companies. Google search engine browsers like Chrome, Firefox, Safari etc control 95% of search engines utilized by the whole world.
The best Universities are in America.
China and India will always disagree on any issue because of territorial conflict. UAE is what it is now because of its partnership with the West. Same with Saudi Arabia, Qatar, Kuwait, Israel, Bahrain etc.
Russia is just envious of US, and Russia is guilty of whatever it is accusing US of.
I love 💕 America...and their dominance is for time indefinite.
The AI industry in China is on a downward spiral because sophisticated chips are no longer within its reach. Same thing will happen to their space industry.

AllenSpencer:
🤣🤣🤣🤣🤣


Russia did same and we all know where the Ruble at now!

It’s just a matter of time!

India should dump the dollar as their reserve currency and I will take them serious. 🤣🤣🤣🤣

the transaction is not even big just 1m$ ooo

FuckTheMod:
Beautiful!
This real and right trading.
Not trading over useless and USA-worth-attached papers.
THE FALL OF UNITED SNAKES OF AMERICA IS EMINENT.

Not anytime soon bro. Dollar index has been shooting up and might even hit 106 this week while other currencies are down on their knees and I don't think move is going to trigger any reversal.

GBAM, ONLY AFRICAN CITIZEN BELIEVED THAT THEY MUST PERISH OVER THE AMERICAN DOLLARS

Majesty7:


Honestly, many people here are either kids or just lunatics. You said something and you were corrected. Okay. Good luck

I did not solicit your correction, besides what makes you feel you are correct and I am wrong? In which case don't you think your first statement applies more to you?
Anyway, make your comment and pass, unless solicited you correction is unnecessary.

AllenSpencer:
🤣🤣🤣🤣🤣


Russia did same and we all know where the Ruble at now!

It’s just a matter of time!

India should dump the dollar as their reserve currency and I will take them serious. 🤣🤣🤣🤣

do not forget that, the Indian citizen are different from the Nigerian citizen, including ideas

AllenSpencer:
🤣🤣🤣🤣🤣


Russia did same and we all know where the Ruble at now!

It’s just a matter of time!

India should dump the dollar as their reserve currency and I will take them serious. 🤣🤣🤣🤣

Thats not true, we all know Russia is d most sanctioned country in d world, also d hypocrisy of USA backed by d world bank and IMF would always portray d Ruble going weak against d dollar.
To think of it this way, how high is inflation in america compared to Russia what of debt profile or unemployment rate isn't that what d IMF uses to speculate about values of currencies compared to d dollar, why haven't we seen d fall of d dollar going by d fact of huge debt. Was it not d same US that said majority of its citizens have less than $500 in savings.

This is just what they want u to believe let the full wrought of de-dollarization comes into play and Brics replaces d IMF then we would know d real values of world currencies.

PlayerMeji:
Gay pride is taking a tumble

opinion

anonymous1759:



SMH western media has finished you.

Really?
TRUTH hurts, you know it.
The same way you will not Accept Elections- losses in your Area or Regions.
Principles of Life- is live and let live, and do to others as you will like them to do unto you!
Enjoy your Sunday, buddy!

Eriokanmi:
Don't you know the value of rupees? For naira to trade across the borders, it has to be strong in value. Between 2011 and 2017, I was spending naira in cotonou to buy items. I can't do so anymore..cefa has overtaken naira in value. I still can't fathom how naira became so worthless in less than 1 decade. I don't get it.

Don't tell me it's becasue we import more and export less..we've always been importing more and exporting less even when obj, yaradua and Jonathan were in power, yet naira was so strong back then.

What has changed?

Bad economic policies
Bad leadership
Insecurity
Massive , yes...massive corruption.

Imagine just one accountant general stealing over 100bn naira under the apc's nose? That money was what the whole of the academic body called ASUU nationwide was asking for oo, to improve our university education. There are likes of the accountant general walking freely today after stealing hundreds of billions. When we're ready to free ourselves from their shackles, we'd stop defending their madness

The Nigerian situation is just choking!

ecolime:
Good one. I've always supported trading in local currencies.

Nevertheless, it won't still scratch the value of the dollar. The US exports more than they import so na the balance of payment be the koko.

There is a reason why Pounds sterling GBP is strong like a rock despite not being used as the major world settlement currency like the USD.

As long as the US stay ahead of others in innovations, technologies, etc. they have nothing to worry.

A country that owns and hosts Apple, Google, Microsoft, Oracle, Boeing, GE, Amazon, Tesla, etc and you think their currency will just fall yakata?

Just dey play

when would Nigeria citizen learn the right strategies

Nche95:
that is trade by barter pro max

Bros, US and China have been doing commodity trade since ages.

descartes400:


The Nigerian situation is just choking!

But we can start to fix it from henceforth,if we are determined to be:
•Disciplined,
•Principled,
•Shun Corruption ( inside and outside) by ALL Nigerians - irrespective of our Status - from Head to the Messengers!
-Don't you see how the Laws work Abroad - no exceptions,once you are 18- yrs Old- the Law becomes Firm on Your Conducts- Not because you are a President or Former like Mr Trump or Son of a Biden- if you break the Country' s Laws,you pay for its Consequences!

cenaman:
Which country will accept naira?

it's not about the currency but what you have to offer

oluwaseyi0:


Keep rupees till they need to trade with only India? which means after selling their oil/goods they can't use the proceed to do anything for their citizens until they trade with India to complete the 'trade by barter'

each BRICS country will have to have a currency reserve for all countries in the BRICS, an Indian rupee reserve, a Brazilian real, South African rand reserves etc even if there are 20 countries that is 20 reserves not minding trade deficit and the inflation in the host country of the currency, imagine a country apart from Nigeria keeping Naira reserve with this our unstable currency value I pity the country in advance

The only way forward is the entire BRICS countries must adopt one single currency as the currency of trade which all member countries must be mandated to collect for trade within member states, not relying on over 10 different unstable currencies

the problem with the above is that which country will be put forward and why? the adopted country will no doubt be the single highest beneficiary of BRICS just as USA is the highest beneficiary of USD trades

the problem with the above is that most member countries will want the adopted country to be theirs otherwise they are just there to strengthen the adopted country's currency, this singular issue may crumble the entire BRICS

I don't know much about BRICS modus operandi but I know for a fact that they are not creating a unified currency, that will be killing of a villain by a villain, you still have a villain.


They can do community trades and paying with your local currency isn't as bad as many people perceive. Before USD became a world trade currency, people were doing international trades.

nigeria can make deals like this too with other nations....

cenaman:
Which country will accept naira?

go around and ask....

you dont even bother ask....