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Can the Naira Regain Its Strength Against the Dollar? - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessCan the Naira Regain Its Strength Against the Dollar? (738 Views)

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Can the Naira Regain Its Strength Against the Dollar? by Grit2943(op):
Good evening everyone.

Please what can be done to have the naira strengthened against the dollar?

The current exchange rate has made the price of all imported items like vehicles, electronic gadgets etc skyrocketed.
Re: Can the Naira Regain Its Strength Against the Dollar? by Nobody: 5:40pm On Apr 30, 2023
All those politicians you voted into power are BDC operators with stacked Dollars and pounds.

So when dollar drops to N260, they will lose massively.

When it increases, there money doubles automatically.

Do you know understand what is happening?
Re: Can the Naira Regain Its Strength Against the Dollar? by Yourprick: 5:44pm On Apr 30, 2023
More export and less import, we don't produce anything here
Re: Can the Naira Regain Its Strength Against the Dollar? by maleekberry: 5:48pm On Apr 30, 2023
If the incoming administration gets it right in its 8years.
Re: Can the Naira Regain Its Strength Against the Dollar? by Kenneth4u205(m): 5:48pm On Apr 30, 2023
Yes .just sack the CBN governor and replace him with someone that is qualified .not based on tribe
Re: Can the Naira Regain Its Strength Against the Dollar? by nairalanda1(m): 6:02pm On Apr 30, 2023
Yourprick:
More export and less import, we don't produce anything here
Verry true.

To add...more export of manufactured goods...because with manufactured goods we set the price and can earn more money
Re: Can the Naira Regain Its Strength Against the Dollar? by Nobody: 6:06pm On Apr 30, 2023
Yourprick:
More export and less import, we don't produce anything here
Are you aware that China exports more than Jordan, Britain and america today?
Re: Can the Naira Regain Its Strength Against the Dollar? by Nobody: 6:07pm On Apr 30, 2023
nairalanda1:
Verry true.

To add...more export of manufactured goods...because with manufactured goods we set the price and can earn more money
Are you aware that Vietnam exports more than most countries in the west today?
Re: Can the Naira Regain Its Strength Against the Dollar? by nairalanda1(m): 6:08pm On Apr 30, 2023
CondenseMilk:
Are you aware that Vietnam exports more than most countries in the west today?
We should follow their example. smiley
Re: Can the Naira Regain Its Strength Against the Dollar? by Nobody: 6:09pm On Apr 30, 2023
nairalanda1:
We should follow their example. smiley
Please check their currency rate and get back to me
Re: Can the Naira Regain Its Strength Against the Dollar? by nairalanda1(m): 6:10pm On Apr 30, 2023
CondenseMilk:
Please check their currency rate and get back to me
We should follow their example, and more importantly, be like China, Germany and Japan too...and export more manufactured goods and services.

So, export more like Vietnam, and make it manufactured goods and services like China and Germany and Japan.
Re: Can the Naira Regain Its Strength Against the Dollar? by Grit2943(op): 6:13pm On Apr 30, 2023
CondenseMilk:
All those politicians you voted into power are BDC operators with stacked Dollars and pounds.

So when dollar drops to N260, they will lose massively.

When it increases, there money doubles automatically.

Do you know understand what is happening?
Hmm! I understand perfectly. Thank you
Re: Can the Naira Regain Its Strength Against the Dollar? by DMerciful(m): 6:33pm On Apr 30, 2023
Only person like Peter Obi has the political and economic will to make this happen. The other politicians are benefitting from the high exchange rates because they store their money in dollars
Grit2943:
Good evening everyone.

Please what can be done to have the naira strengthened against the dollar?

The current exchange rate has made the price of all imported items like vehicles, electronic gadgets etc skyrocketed.
1 Reply

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