With the recent news that dollars is going to be deemphasized and might probably lose values, I'm beginning to think twice about my relocation move. My uncle that recently came back from the US gave me $5000 to do business and I initially thought about using this money to move abroad.

I'm not like an average Nigerian who get carried away with "there are good road and 99hr power supply abroad". When I travel, I'm going there to go and make money not to count ceiling and take hot picture for the Instagram and to pepper people at home.

If dollars get decentralized and $1 = about #250, thouh this development will not go well with people abroad since they'll have fear that the little they send home will no longer be able to surprise anyone, and their usual conversion strategy will no longer work. But on the other hand, this move will help people in Nigeria as there won't be that much of a difference between someone earning #500,000 in Nigeria and the one earning $3000 abroad

If you actually made up your mind not to travel, honestly you wouldn't be here informing us that you change your mind. are we there when you made up your mind in the first place?

People like you are those that, if they try on something and can not succeed they try to stop or discourage anyone possible.

it is a satanic spirit and comes in the form of black crab attitude.
Black crabs in an open bucket can not escape because, when any of them tries to climb up and escape the rest of the black crabs will drag it down.

it is satanic

Lol. Pls dollars should not come down o. Imagine getting #250k instead of #800k when we send $1000 home to buy cement to build our houses

Good for those who have no hopes of leaving the country. 😊

Bad for those who live there and use $100 to daze people back home… 🤧

irumole1975:
Lol. Pls dollars should not come down o. Imagine getting #250k instead of #800k when we send $1000 home to buy cement to build our houses

lol wicked man

We don't think we will ever re-love america

writetopoker:
If you actually made up your mind not to travel, honestly you wouldn't be here informing us that you change your mind. are we there when you made up your mind in the first place?

People like you are those that, if they try on something and can not succeed they try to stop or discourage anyone possible.

it is a satanic spirit and comes in the form of black crab attitude.
Black crabs in an open bucket can not escape because, when any of them tries to climb up and escape the rest of the black crabs will drag it down.

it is satanic

Why are Nigerians on this forum dumb? Omoh

The day I go to America in the dream, I will not....

Okay..

You can check out Burundi or Lesotho..

No be must to go America

Ok

Good for you

Countries choose to use the U.S. dollar as their alternative currency because it is stable. Stability of currency is not only based on economics but other factors like security, policies and strong rule of law.
The strength of the American economy is one of the reasons why the U.S. dollar is the world's dominant currency. No other country has open book policies like the US. Investor love transparency., which allows for near accurate predictions. So, the investment would continue to flow in to make US the largest economy in world. Remember that the world's most commonly used currency, the dollar is also the world's reserve currency, meaning it's held in large quantities by central banks around the world. Dollar was established as the world's foremost reserve currency by the Bretton Woods Agreement of 1944. and as of March 2021, nearly half of all US banknotes were held by foreign citizens, amounting to roughly $950 billion. These people trust the system to protect their money.
This is the reason US is the greatest country on earth and no other country can take that position for now

Your cup of balablu bulabla.

Well,
Me I still wan go first.

It's not about the dollar alone bro.... how abt good living , access to electricity , good road , hospital , good education ... any way naija also good sha bcoz u c see amala , egu soup , pegiri chop

It's okay to dream about the dollar going back to $1 = 250 naira.

I remember that was the amount £1 was trading for when I went to study for my masters in the UK over a decade ago.

Nothin concern me even if dollar na N250, for blacq market it will still go for N600

Samfloxin:
The day I go to America in the dream, I will not....

Calm down, it can still be a reality. you can still go to America in real life. Who knows tomorrow?

Will decrease in dollar strength automatically strengthen naira? I doubt it.

Over to analyst.

OK

Hmm. Well, that is you.

Relocating to America or anywhere else isn't just about the money to some people. There are a lot of other factors to consider.

Do what works for you.

Who told you that dollar is about to loose value?

Noted.

Nwanne m, did you factor in the political instability in Nigeria before deciding to stay?

$5,000 (five thousand dollars) is a good amount for doing business in Nigeria.

But biko use only half of it which is $2,500 (two thousand five hundred dollars) to do whatever business you plan to do in Nigeria and put the other half in a dollars or pounds domiciliary account. So that in case the business begins to frustrate you, you can still have money to fly out of Nigeria.

You can send me $10 (ten dollars) for the quality advice I gave you o! Ask me for my account number on +234 909 5000 603. Lol.

Hmmm

Na wa o.

So this is the only reason why you don't want to relocate to amelika, eh?

Tadadobe:
With the recent news that dollars is going to be deemphasized and might probably lose values, I'm beginning to think twice about my relocation move. My uncle that recently came back from the US gave me $5000 to do business and I initially thought about using this money to move abroad.

I'm not like an average Nigerian who get carried away with "there are good road and 99hr power supply abroad". When I travel, I'm going there to go and make money not to count ceiling and take hot picture for the Instagram and to pepper people at home.

If dollars get decentralized and $1 = about #250, thouh this development will not go well with people abroad since they'll have fear that the little they send home will no longer be able to surprise anyone, and their usual conversion strategy will no longer work. But on the other hand, this move will help people in Nigeria as there won't be that much of a difference between someone earning #500,000 in Nigeria and the one earning $3000 abroad

Dont let Dollar issue stop you from traveling. Nothing will happen to Dollar. Do you think is just sitting and looking?

Watch this and tell me what you think?
https://www.tiktok.com/@lifegoalinvestments/video/7217885644356341035?_t=8bFfCwwXlIx&_r=1

Talk true