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Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) (45177 Views)

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Stephenmoka4(m): 8:27am On Apr 27, 2023
WrriterNig:


You are simple minded.

When every country starts trading in their own currencies, who then would have the need for the US dollars?
Does dumping the USD (many countries) affects it value?
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by honestivo(m): 8:28am On Apr 27, 2023
Nigerian leaders would not like this news
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by SLOVFO(m): 8:28am On Apr 27, 2023
kenny714433:
But how the USA made its currency acceptable by all countries need to be studied. Forget it, the USA was/is very good at what they do.

The juju they did is about expiring and everyone's eyes are now open but I doubt any significant effects will be felt by USA. The structure is too huge to dismantle or it will take years.

My dear USA, what have the world done to you...

The reason the dollar has stood the test of time as the currency of the world is because of the relative stability and size of the American economy. No other single country has been able to replicate that. The Chinese and Russian economies (and politics) are not so stable. And can be easily manipulated by the authorities and external factors.

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by coputa(m): 8:28am On Apr 27, 2023
African countries shouldn't join this madness perpetuated by China and Russia.American can not be wished away at least for now.This is a country that comes to the rescue when citizens and smaller countries are oppressed.Ukraine is a case study,China and Russia won't have their way.The Dollar has come to stay, America has a robust economy that keep their currency in check and a benchmark for other currencies, even the dollar is more used in international business transactions with Britain.

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by BigBen23(m): 8:28am On Apr 27, 2023
After all, Dollar is overhyped.
Just like Europe, I think each continent should have their own general currency. It helps in bilateral trading

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by BABAawoo47: 8:29am On Apr 27, 2023
kenny714433:
But how the USA made its currency acceptable by all countries need to be studied. Forget it, the USA was/is very good at what they do.

The juju they did is about expiring and everyone's eyes are now open but I doubt any significant effects will be felt by USA. The structure is too huge to dismantle or it will take years.

My dear USA, what have the world done to you...
Easy saudi arabia.. They made a deal to protect and send weapons to them. While they sell thier oil in dollars only. Saudi is the world's largest exporter of oil so naturally everyone started sourcing for dollar

Although china won't seek to be an alternative global currency...It'll make manufacturing costly cheap china goods will become expensive

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Waywardson6: 8:30am On Apr 27, 2023
They're wasting their time. The DOLLAR will always be the strongest currency. No other currency not even the Euro can ever over throw it. There's a reason why "God bless America". Headline is the biggest lie ever.

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Nobody: 8:30am On Apr 27, 2023
Dalil8:
The US would gain Finland and Sweden in NATO but lose the rest of the world.

This was President Putin's promise to the West.
...
What's your gain when you can't pay with your naira ...? Moving from one slave master to another it's not an achievement...it's not by the currency they use for trade...why is the british pound still very high in value ? ... Even higher than the dollar...so oga it's not by that...the demand for the british pound is very low but yet the highest in value...

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Iqtest: 8:30am On Apr 27, 2023
Dalil8:
The US would gain Finland and Sweden in NATO but lose the rest of the world.

This was President Putin's promise to the West.
Lose rest of the world ?
You guys are dumb as fuq, where do you get your stats from .
I was a having a discussion with a serb a few days ago.
You need to see her reaction immediately I mentioned Russia
The rest of Europe fuqing hate Russia now.
Forget all those propaganda you see on telegram.

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by jaxxy(m): 8:31am On Apr 27, 2023
U and who?
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Enskynelson(m): 8:31am On Apr 27, 2023
helinues:


Africa countries are working towards self sufficient. Sooner or later, we wont longer need their service
Explain in clearer terms the areas for instance Nigeria is trying to be self-reliant?
We stopped importation of many food. 👍
We still import iron and steel 👎
I don't know if Nigeria had stopped importing ruler and pencil ✏️
We don't have reliable power supply (what is your power rating in percentage in your area? It is like 25 per cent here since 2 months now).
We don't have our leaders investing in technology
We import our official cars even when we have Innoson while other African countries patronize Innoson


I don't see us consciously making efforts to see that we are self-reliant.

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Adakintroy: 8:31am On Apr 27, 2023
America is,world power currently. No currency will be allowed to dominate it. Thats not how conquest work. Wait until Russia or any nation challenge them for the world champion in the next world war. until then this are just petty stand... Desperate propaganda by anti americano's

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by ultimatebas(m): 8:32am On Apr 27, 2023
I pity any one that acts based on this news because the US dollar index(DXY) is only dropping because it is on correction/profit taking. After the correction it would bounce back. Forget about Chinese currency. It is only the fifth used currency in the world. So the world would abandon US dollar and overlook Euros, British Pounds, Japanese yen and settle for Chinese yuan?

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by riverbird: 8:32am On Apr 27, 2023
US has caused more harm than good to the entire world....a good way to go.

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by cocoduck: 8:33am On Apr 27, 2023
CCP propaganda and misinformation. Do not believe the story, it is just CCP propaganda. If any currency is to replace the dollar righrt now it will be the Euro not Yuan, even the Japanese Yen stands a stronger chance to replace the dollar.

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by PulaPower: 8:33am On Apr 27, 2023
WrriterNig:


You are simple minded.

When every country starts trading in their own currencies, who then would have the need for the US dollars?

Lol..

Let them start it first. You still don’t get it?

All those world leaders are keeping their savings in USD..

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Billionaire2: 8:34am On Apr 27, 2023
Deleted

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by MrAgbako: 8:34am On Apr 27, 2023
Wahala. It is happening

1 Like

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by layzie: 8:34am On Apr 27, 2023
helinues:


Africa countries are working towards self sufficient. Sooner or later, we wont longer need their service

Indeed. When do u reckon African countries will be self sufficient? 2050? 2090?

Let's even start with our own dear country with all her riches, when are we going to be self sufficient? Then extend to the poor African countries

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Svoboda(m): 8:34am On Apr 27, 2023
Wagwanbrethren:
Lol. What are these people celebrating? 🤣
The United States dollar is the world's reserve currency. This means that it is used as a global currency to settle international transactions. It also serves as a store of value for investors around the world.

It is unlikely that any other country will be able to usurp the United States dollar as the world's reserve currency. This is because the United States is the world's largest economy and has the most liquid financial markets. It also has the most stable political system.

If a country were to try to dump the United States dollar, it would likely see a sharp decline in its value. This would cause a lot of financial instability in the country. It could also lead to a financial crisis. All these na initial grab gra!

Story. Western propaganda at its peak.

1 Like

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Nobody: 8:35am On Apr 27, 2023
But no country has ever dumped us dollars to embrace naira.

What a disgrace
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by franchasofficia: 8:35am On Apr 27, 2023
ovieigho:
Be jubilating
As if you can live happily in China ..🤣


I remembered Nigerians that absconded during Russia 2014 World Cup !! Body tell them before they cried for self deportation


I wonder why people hate USA that have done so much for the world ….
Its mostly Muslims and some ill informed Christians that hate US.



US that welcomes everybody and give everybody equal right to become anything they want in US.


China is already destroying Nigerian indigenous businesses and companies with their wayo lifestyle and some fools are celebrating the fall of US and rise of racist Russia and China that don't grant immigrants citizenship even if they marry their citizens

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Nobody: 8:36am On Apr 27, 2023
ovieigho:
Be jubilating
As if you can live happily in China ..🤣


I remembered Nigerians that absconded during Russia 2014 World Cup !! Body tell them before they cried for self deportation


I wonder why people hate USA that have done so much for the world ….

Hello..

2014 world cup was in Russia? Which planet you dey type from?

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Satazaa: 8:37am On Apr 27, 2023
Mankindman:
The question?
The strength of the US $ is rooted in the vibrant and liquid NYSE, technological innovation, human resources and Agriculture.

The strength of the Chinese Yuan is in Chinese exports and the population.
The strength of Saudi Arabia Riyadh is in Oil and tourism/pilgrimage
The West will always be the West.
Innovation rule the World.
Underate the Americans at your peril.
US trust herself, her economy, her military and allies.These are the determinlnant of US$ strength.
Nigeria as a nation should identify with the West. The benefits will far outweigh any perceive misconception.
If our leaders can put Nigeria in order, in terms of Rule of law, security and electricity, most of the American manufacturers will dump the BRICS and establish industries in Nigeria.
The hidden agenda and utmost goal of China is to re-colonise Africa.
The Chinese target in Brazil is Agriculture, they plan to use Brazil as an alternative food basket for their population.
Time will tell if the BRICS will survive inequality of resource distributions.
brilliant

1 Like

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Djreloaded(m): 8:38am On Apr 27, 2023
Leebeedo:
Na today? It is very surprising that most of you do not know the implications of this event but continue to spew thrash. British pounds isn't the world's trading currency yet, it has the highest value in the world.
The pounds isn't the highest valued currency in the world oga.

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by gabicon: 8:39am On Apr 27, 2023
I'm afraid some of us don't fully understand how global politics works. The one who controls world energy controls the world, Saudi Arabia control the prices of world energy, America has an alliance with Saudi, military equipments for control of oil prices by denominating the price of oil in US dollar. The Saudi's control an oil cartel called OPEC, by proxy America controls world energy.

The whole BRICS propaganda has been gaining momentum, but if the can't control world energy it's dead on arrival, secondly how do they agree on the world defacto currency is it rubles or rupees or rand or yuan? Who gets to get absolute power?

Trade between 2 countries in their currencies is dependent on the value each country can bring to the table, the moment a country dipps in value the alliance becomes porous.

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by nick50(m): 8:39am On Apr 27, 2023
USA is not the problem here,Britain is..the earlier us do away with Britain the better 4 them..Britain is the most wicked and devilish nation on earth..quote me anywhere

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by sukkot: 8:39am On Apr 27, 2023
so what will happen to the 50 million dollars i have buried in my backyard

Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Heffalump(m): 8:39am On Apr 27, 2023
@OP
This is not news. The countries mentioned are majorly BRICS countries who formed parallel union against NATO countries. It won't make any difference.
American dollar remains the dominant currency in the world for a long time to come.

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by IamPlato(m): 8:40am On Apr 27, 2023
ovieigho:
Be jubilating
As if you can live happily in China ..🤣


I remembered Nigerians that absconded during Russia 2014 World Cup !! Body tell them before they cried for self deportation


I wonder why people hate USA that have done so much for the world ….
done like what sir
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Slymontee: 8:40am On Apr 27, 2023
Why can't AU have a common currency? This would have been a rare opportunity to position and streghten such currency through bilaterally multinational trade agreements. WHEN WILL THE SLEEPING GIANT AWAKE? In Nigeria, all they do from year to year is senseless politics that's not about ideas/intellectualism, but stone age religious and ethnic bigotry and barbarism. Sudan is busy butchering themselves. AFRICA ENJOYS BEING INFERIOR AND BEGERLY IN THE COMMITTEE OF NATIONS. INSTEAD OF PUTTING THEIR HOUSE IN ORDER AND ASSERTING HERSELF TO THE NATIONS.

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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by timesuploaded: 8:40am On Apr 27, 2023
inoki247:
Lol joker's....


Talk to Chinese Vendor or a Russia Vendor tell them you've Dollars to pay them and dere Local Currency and see the one they will choose.....


All this News wey no dey translate to anything I can still remember the Yuan Naira swap till today he no get any effect on Dollars....
You are a fool. Make imperialism kill you and your generation. Ogun kill America

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