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We Should Just Adopt The US Dollar As Our National Currency - Politics - Nairaland

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We Should Just Adopt The US Dollar As Our National Currency by doncartel: 2:55pm On Feb 06
Imagine going to a market in Abuja or Lagos and buying foodstuffs with a 100 dollar bill and the seller gives you change of about 20 dollars. We go dey enjoy for this country oo.
Re: We Should Just Adopt The US Dollar As Our National Currency by thesicilian: 2:57pm On Feb 06
doncartel:
Imagine going to a market in Abuja or Lagos and buying foodstuffs with a 100 dollar bill and the seller gives you change of about 20 dollars. We go dey enjoy for this country oo.
Lol
You call that enjoyment
What foodstuff do you currently buy that's up to 80 dollars in naira equivalent?
Let's say $1 = 1,500, this $80 = 120k
The earlier you guys know that you can't solve the inflation problems of this country simply by making a decree, the earlier you will calm down

1 Like

Re: We Should Just Adopt The US Dollar As Our National Currency by seunmsg(m): 3:03pm On Feb 06
doncartel:
Imagine going to a market in Abuja or Lagos and buying foodstuffs with a 100 dollar bill and the seller gives you change of about 20 dollars. We go dey enjoy for this country oo.

And where will you get the dollar supply to service the need of over 200million people from?

4 Likes 1 Share

Re: We Should Just Adopt The US Dollar As Our National Currency by matify83: 3:18pm On Feb 06
Those countries that have adopted the dollars as their national currency are not faring better either. Check out Zimbabwe, Ecuador, Porto Ricco, etc
Re: We Should Just Adopt The US Dollar As Our National Currency by sunboy(m): 4:04pm On Feb 06
matify83:
Those countries that have adopted the dollars as their national currency are not faring better either. Check out Zimbabwe, Ecuador, Porto Ricco, etc

Puerto Rico is part of US and did not adopt USD as its currency. It spends US dollar as being part of the US. And Biden is their president.

2 Likes

Re: We Should Just Adopt The US Dollar As Our National Currency by DenreleDave(m): 4:16pm On Feb 06
Same thing I wás thinking this morning

2 Likes

Re: We Should Just Adopt The US Dollar As Our National Currency by MsAllison(f): 4:38pm On Feb 06
DenreleDave:
Same thing I wás thinking this morning
Adenrele leave me alone angry
Re: We Should Just Adopt The US Dollar As Our National Currency by GhaliNaaba(m): 7:00pm On Feb 06
doncartel:
Imagine going to a market in Abuja or Lagos and buying foodstuffs with a 100 dollar bill and the seller gives you change of about 20 dollars. We go dey enjoy for this country oo.
Nigeria naira has more purchasing power compared to dollar.
Imagine going to canteen.
Eba 4 @200 naira=800
Meat 3@200 naira=600
Pure water 2 @50 naira.
Total=1450.
Can a dollar buy this in USA?
Not ever up to one dollar.

3 Likes

Re: We Should Just Adopt The US Dollar As Our National Currency by Vinnie2000(m): 7:45pm On Feb 06
Totally supported. 👍👍

The way Nigerians abandon our league to watch the ever Exciting EPL matches,
Let's just abandon the Naira kpatakpata! 😒

1 Like

Re: We Should Just Adopt The US Dollar As Our National Currency by ivolt: 7:56pm On Feb 06
matify83:
Those countries that have adopted the dollars as their national currency[b] are not faring better either[/b]. Check out Zimbabwe, Ecuador, Porto Ricco, etc

That's because no country willingly adopts the dollar unless its economy is almost destroyed.
It is a symptom and not the cause.
Re: We Should Just Adopt The US Dollar As Our National Currency by Contriman(m): 8:09pm On Feb 06
GhaliNaaba:

Nigeria naira has more purchasing power compared to dollar.
Imagine going to canteen.
Eba 4 @200 naira=800
Meat 3@200 naira=600
Pure water 2 @50 naira.
Total=1450.
Can a dollar buy this in USA?
Not ever up to one dollar.


Naira doesn’t have more purchasing power than naira I don’t know why you guys try to sell cheap lies.

What can 100 dollars do for you?
What can 100 naira do for you?

If 100$ is 150000 naira then compare how easy it is to make 100$ In US and how hard it is to make 150000 naira.
100$ is even far above Nigeria minimum wage sh
Re: We Should Just Adopt The US Dollar As Our National Currency by DMerciful(m): 8:50pm On Feb 06
Ask Emefiele to bring all the dollars you guys said he stole.

Breeze don blow, Tinubu yansh don open.Now we know he doesn't know his left from his right
seunmsg:


And where will you get the dollar supply to service the need of over 200million people from?

2 Likes

Re: We Should Just Adopt The US Dollar As Our National Currency by kingtinnie(m): 9:45pm On Feb 06
Following your logic

What can 100 naira do for you
What can 100 ugandan shillings do for you


Comparing the strength of the currency doesn’t negate the purchasing power … $1. Will get you a meal in Nigeria $1 won’t ..



Contriman:

Naira doesn’t have more purchasing power than naira I don’t know why you guys try to sell cheap lies.

What can 100 dollars do for you?
What can 100 naira do for you?

If 100$ is 150000 naira then compare how easy it is to make 100$ In US and how hard it is to make 150000 naira.
100$ is even far above Nigeria minimum wage sh

Re: We Should Just Adopt The US Dollar As Our National Currency by doncartel: 12:50am On Feb 07
seunmsg:


And where will you get the dollar supply to service the need of over 200million people from?

I think American central bank would regard Nigeria as one of their currency members and would then build a minting facility in Nigeria to produce dollars for Nigeria.

They would be eager to do this because it will also boost their economy.
Re: We Should Just Adopt The US Dollar As Our National Currency by GhaliNaaba(m): 1:32am On Feb 07
Contriman:

Naira doesn’t have more purchasing power than naira I don’t know why you guys try to sell cheap lies.

What can 100 dollars do for you?
What can 100 naira do for you?

If 100$ is 150000 naira then compare how easy it is to make 100$ In US and how hard it is to make 150000 naira.
100$ is even far above Nigeria minimum wage sh
How much is your rent in Nigeria and how much is their rent in USA?

Re: We Should Just Adopt The US Dollar As Our National Currency by GhaliNaaba(m): 1:33am On Feb 07
How much is your rent in Nigeria and how much is their rent in USA?
doncartel:


I think American central bank would regard Nigeria as one of their currency members and would then build a minting facility in Nigeria to produce dollars for Nigeria.

They would be eager to do this because it will also boost their economy.
Re: We Should Just Adopt The US Dollar As Our National Currency by doncartel: 2:24am On Feb 07
GhaliNaaba:
How much is your rent in Nigeria and how much is their rent in USA?

There will always be minor issues such as rent etc, but those issues can be efficiently handled and harmonized.
Re: We Should Just Adopt The US Dollar As Our National Currency by seunmsg(m): 6:51am On Feb 07
doncartel:


I think American central bank would regard Nigeria as one of their currency members and would then build a minting facility in Nigeria to produce dollars for Nigeria.

They would be eager to do this because it will also boost their economy.

Really? That’s interesting!

1 Like

Re: We Should Just Adopt The US Dollar As Our National Currency by Asswipemod: 1:07pm On Feb 07
seunmsg:


Really? That’s interesting!

Ah,ah! Kadoso Mutairu, don't tell me you can't recognize sarcasm. As big as you are.
Re: We Should Just Adopt The US Dollar As Our National Currency by seunmsg(m): 1:11pm On Feb 07
Asswipemod:


Ah,ah! Kadoso Mutairu, don't tell me you can't recognize sarcasm. As big as you are.

Really? Your point is also interesting, Mr. Sarcasm recognizer.

1 Like

Re: We Should Just Adopt The US Dollar As Our National Currency by Asswipemod: 1:16pm On Feb 07
seunmsg:


Really? Your point is also interesting, Mr. Sarcasm recognizer.
Yeah, really.
Re: We Should Just Adopt The US Dollar As Our National Currency by healthcareinfo: 6:03pm On Feb 14
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Re: We Should Just Adopt The US Dollar As Our National Currency by Ofodirinwa: 6:12pm On Feb 14
doncartel:
Imagine going to a market in Abuja or Lagos and buying foodstuffs with a 100 dollar bill and the seller gives you change of about 20 dollars. We go dey enjoy for this country oo.

This is not a bad idea. A lot of countries are holding on to their useless currencies out of pride and ego.

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