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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Egypt Devalues Its Pound, Loses Over 50% Against US Dollars (27812 Views)
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Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by LegendHero(m): 2:48pm On Mar 06 |
mrvitalis: I don't even understand what you are saying. I attended Awolowo free education school. Why did they devalue in the first place if you think they have "Sense of excess supply"? Give Egypt few more weeks and if their president maintain the tempo of market forces determining the value, it will climb to 100% in no time. When CBN first announced ours, was it at the level it is now? 3 Likes 2 Shares |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by Forkthiefnubu: 2:50pm On Mar 06 |
DCmonster:We know Nairaland is part of the APC anti Nigeria agenda , we know this long ago and that’s why am here to watch and report and follow up |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by LegendHero(m): 2:50pm On Mar 06 |
MasterJayJay: You get dollar at 450 naira in Buhari era? Most of una mumu dey carry weight. And did dollar jumped to 1500 immediately CBN announced the floating? 3 Likes 1 Share |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by sirray001: 2:51pm On Mar 06 |
DCmonster: |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by LegendHero(m): 2:51pm On Mar 06 |
Fash20: How do they reduce it? If Nigeria government tell you today to stop wearing foreign made cloth and only weak Ankara, what will be your response? 5 Likes 2 Shares |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by Deogratiasfx: 2:52pm On Mar 06 |
DCmonster: The other time I saw Aisha Yusuf criticizing Alex Otti on a certain decision he made and I was excited for her wisdom. Tinubu supporters are so dumb that they feel support means they should appreciate everything their principal does. The next thing they will tell you is that Jonathan cause the problem and Tinubu is fixing it. 1 Like |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by ConfidentialDoc: 2:55pm On Mar 06 |
9jatriot: They're preparing third world countries for the crash of the dollar.. 1 Like |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by JooEeL(m): 2:56pm On Mar 06 |
DCmonster: I saw the owner of this site shamelessly make a comment on one apc post on twitter just yesterday. I was beyond bewildered. |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by CommonSense1967: 2:56pm On Mar 06 |
DCmonster: They show you world reality and you are here wailing and crying like an Obigoat sore loser. The world is now a global village, what is going on in Nigeria is also going on in many countries around the world. You rather they lie to the people and, make it sound like they are the only ones going through tough times abi? If your Agulu packaged fraudster had been the President, you would be here blaming Tinubu, Hausa, Fulani, Yoruba, and others for his incompetence. Tinubu owns his wahala, that's a sign of good leadership. You would have blamed everyone but the Agulu packaged fraud. 4 Likes 2 Shares |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by Ezmans: 2:56pm On Mar 06 |
LegendHero:you need to check your brain |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by CommonSense1967: 2:58pm On Mar 06 |
One of the IPOB mods deleted my comments simply because I called out the OBi idiotic IPOB retards. CLOWNS Like I give a flying fvck. 2 Likes 1 Share |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by lapintoz: 2:59pm On Mar 06 |
Another zombie with empty skull. I guess it is Tinubu and APC causing the economic and financial troubles in Egypt. In fact the whole world. Every country facing the headwinds in their own way. But children born with 8 sees only obidense. Yesufu don use una money buy houses for Abuja. Awon werey dede.... DCmonster: 4 Likes 1 Share |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by Jandminded: 2:59pm On Mar 06 |
LegendHero: So you still dey this nairaland. For more than 10 days, you won't see another topic to use and praise Tinubu |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by Fash20: 3:00pm On Mar 06 |
LegendHero: Why not. Do you think we cannot produce quality clothes? There's no two ways about this thing. Its either we become an economy that produces or we continue to be a third world economy that consume things we dont produce. Yes it wont be easy but we have the man power, we have the resources, China, Singapore did it. We can too 1 Like |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by Originalsly: 3:01pm On Mar 06 |
Do we ever wonder why Egypt .... Nigeria and other African countries MUST buy wheat from Ukraine? ... instead of trying to be self sufficient? African countries are not allowed to be self sufficient nor truly independent....but must be dependent on the European countries. 1 Like |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by tnerro1(m): 3:02pm On Mar 06 |
Oya APC supporters should come and tell us how the Egyptians are suffering more than Nigerians |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by OChimex: 3:03pm On Mar 06 |
LegendHero: How do you move away from the US dollars, the world depends on them for goods and services and equipments and machines and amunitions You want Dangote to carry his naira go buy crude from the US? |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by Fash20: 3:05pm On Mar 06 |
OChimex: All those things we mentioned can be gotten from other countries. The reason for dollar isnt that |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by Believeintruth: 3:11pm On Mar 06 |
FreeStuffsNG: Bros have small shame. This govt is still playing optics game here. going after Binance is essentially a soft target. there is no way a crypto currency transaction will not pass through without a bank and a payment gateway provider. that is where the money laundering comes from and originates. That is the Placement stage of Money Laundering. Once again on the issue of the using hard earned forex to defend the naira, the only solution is for Tinubu to transform the economy to a productive economy. Sell the government owned refineries and channel the funds to critical infrastructure that would boost productivity, improve ease of doing business, right size the bloated civil service and reduce the cabinet to save cost. These things are not hard but they love looking for soft targets and chasing shadows. |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by mrvitalis(m): 3:11pm On Mar 06 |
LegendHero:Exactly free education is bad for anyone 1 million half baked graduates is worse than 10 fully naked graduates Currency is held by nothing but confidence... If you lose the confidence of the holders your money would behave like naira |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by Gajagojo: 3:14pm On Mar 06 |
I better pass my neighbour tins |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by blamingthedevil: 3:14pm On Mar 06 |
9jatriot: Russia ? What is the size of Russia Economy? |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by pendragonbladgo(m): 3:18pm On Mar 06 |
Best decisions Tinubu made. Let naira trade it self. Halt subsidy. Then Restructure the country. We ll suffer it, i preffer hard decisions 1 Like |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by LagosG: 3:18pm On Mar 06 |
toprealman:This is the same country your darling Obi went to learn policies 3 Likes |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by Bovis(m): 3:21pm On Mar 06 |
Originalsly: You have made a very good point about the dependence theory. However, you also questioned why African countries are not self sufficient and stated that European countries made it so. What do you think are the solutions 1 Like |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by themanderon: 3:23pm On Mar 06 |
It seems these APC oafs keep scouring the internet looking for excuses to justify the misrule of their paymasters. How foolish can one be? They never seem to see good things that show the failure of their masters only wrong things. Crazy people. |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by themanderon: 3:26pm On Mar 06 |
FreeStuffsNG: Yeah when it comes to ordinary Nigerians they can't continue to spend "Our hard-earned forex" but when it comes to buying exorbitant SUVs for themselves they can spend abi? Just continue to be a fool for these criminals in power. |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by BabaAduras: 3:26pm On Mar 06 |
DCmonster: You have 2 problems: 1) Your lack of knowledge - even when it is staring in the face, you can't comprehend a global trend. 2) Your hatred for APC and Yorubas - That is what will kill you. Simply because the hatred will eat you from inside. I would have loved to help you, unfortunately, your problems can only be solved by yourself. 1 Like |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by pappilo(m): 3:27pm On Mar 06 |
DCmonster: I am sure you are happy you are not the only dull one. You have the 63 duller ones who liked your illiterate post. How did you arrive at one Egyptian Pound gives you $10 US? 1 Like 1 Share |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by whizzler: 3:31pm On Mar 06 |
Seequadry: Aameen my brother ! 1 Like |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by Afamed: 3:33pm On Mar 06 |
Hobi don bring him bad luck come Egypt. Egypt was in good economy system, until the Pandora fraud begins to make reference to them 1 Like |
Re: Egypt Devalues Its Pound, Loses Over 50% Against US Dollars by Elsueno: 3:38pm On Mar 06 |
LegendHero: We ain't Egypt bros, Egypt got loyal brethren for Arab way go give them billions of dollars on interest free loan....But what of us, EVEN D WESTERN world way our govt dey leak & kiss thier smelly a## no send us...Even d high interest loan self, them no wan give us. Despite throwing d chance to be founding members of BRICS dat could give us some serious advantages....sigh... what is wrong with 9ja! |
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