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Nairaland Forum / Nairaland / General / Business / Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) (45179 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: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: 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. 10 Likes 1 Share |
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. 5 Likes 1 Share |
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 3 Likes 1 Share |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by BABAawoo47: 8:29am On Apr 27, 2023 |
kenny714433: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 4 Likes |
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. 5 Likes 1 Share |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Nobody: 8:30am On Apr 27, 2023 |
Dalil8:... 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... 5 Likes |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Iqtest: 8:30am On Apr 27, 2023 |
Dalil8: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. 2 Likes 1 Share |
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: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. 1 Like 1 Share |
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 2 Likes |
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? 3 Likes |
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. 4 Likes 1 Share |
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. 5 Likes 1 Share |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by PulaPower: 8:33am On Apr 27, 2023 |
WrriterNig: Lol.. Let them start it first. You still don’t get it? All those world leaders are keeping their savings in USD.. 2 Likes |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Billionaire2: 8:34am On Apr 27, 2023 |
Deleted 1 Like 1 Share |
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: 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 2 Likes 1 Share |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Svoboda(m): 8:34am On Apr 27, 2023 |
Wagwanbrethren: 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: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 3 Likes 2 Shares |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Nobody: 8:36am On Apr 27, 2023 |
ovieigho: Hello.. 2014 world cup was in Russia? Which planet you dey type from? 2 Likes 1 Share |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Satazaa: 8:37am On Apr 27, 2023 |
Mankindman: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:The pounds isn't the highest valued currency in the world oga. 1 Like 1 Share |
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. 6 Likes 1 Share |
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 4 Likes 1 Share |
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
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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. 4 Likes |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by IamPlato(m): 8:40am On Apr 27, 2023 |
ovieigho: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. 5 Likes 3 Shares |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by timesuploaded: 8:40am On Apr 27, 2023 |
inoki247:You are a fool. Make imperialism kill you and your generation. Ogun kill America |
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