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Nairaland Forum / Nairaland / General / Politics / Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira (3596 Views)
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Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by Nobody: 11:07pm On Nov 01, 2022 |
kingsways: If naira is strong, nobody will buy Nigerian goods |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by Nobody: 11:09pm On Nov 01, 2022 |
ConsciousMan01: It is more easier to get 740 naira in Nigeria than to get $740 in the United states |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by oyatz(m): 7:15am On Nov 02, 2022 |
LeoDeKing: Things are cheaper in Nigeria than US, UK or Canada. My sister just coughed out £20 to a phone repairer in London yesterday just to remove the pin that lodged in the hole beside the sim card. To barb and shave in London is £15. i-Phones are far more expensive in US than Nigeria |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by kingsways: 7:24am On Nov 02, 2022 |
Okonandmary: International market will buy the goods if they are good enough A strong Naira will make it easier and cheaper for SMEs and Manufacturers to buy machinery and other critical inputs needed to produce But then importation of non-essentials also need to be drastically cut down |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by Nobody: 1:23pm On Nov 02, 2022 |
kingsways: I dont think so, a strong naira means production will be shifted to a cheaper country the western world have a strong currency but production have been shifted to asia so that companies can employ cheap labour and maximise profit |
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