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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Why Should Trade Between African Countries Be In Dollars - Ruto (24480 Views)
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Re: Why Should Trade Between African Countries Be In Dollars - Ruto by swuftz: 12:44pm On Jun 14, 2023 |
fergie001: We should be trading in What? Naira or Shillings. Hypocrite. As if he just wake up after becoming President. |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by Anija: 12:45pm On Jun 14, 2023 |
Pls follow this comedy facebook page (aniakucomedy) and feel alright, you will laugh like a kid. |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by Kaiser20: 12:45pm On Jun 14, 2023 |
Gbenga4ever1411:The Western countries will brand you, Terrorist, if you dare ask questions |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by bukatyne(f): 12:49pm On Jun 14, 2023 |
Thegamingorca: My brother, I wish I knew. |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by spencekat(m): 12:52pm On Jun 14, 2023 |
Good question.Even in Nigeria,some internal transactions are done in dollar. |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by spencekat(m): 12:57pm On Jun 14, 2023 |
Mummyimbecile:Can't Africa stabilize theirs? |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by obedience4(m): 1:01pm On Jun 14, 2023 |
Chetas81: Yet you are writing in English another man language. Ode 3 Likes |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by sumboty: 1:01pm On Jun 14, 2023 |
May God bless you for this, Gaddafi his a hero.... thesicilian: 3 Likes |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by lawani: 1:03pm On Jun 14, 2023 |
If all of Africa are using one currency, then they won't need the dollar for internal trade just like Europe does not but how much internal trade does Africa have?. Almost negligible!. For external trade, they would still need dollars because no other currency would suffice. If China were collecting income tax heavily like say the Japanese and have very low inflation, then their currency will be very attractive because the volume is large. The best currency that stores value best may be Norway's but the volume in circulation is negligible. What applies to China applies to India. The only real challenge to the dollar is the Euro as the economy is also large and inflation low. However you have to choose only one forex unit as using multiple currencies will be a headache. Ask a nearby importer. Even the Chinese will choose the dollar not to talk of Indiana because it makes trade easy for them. The US does not need the advantage to be rich. Japan, Norway, Germany etc don't have any such advantage and they are as rich if not richer. Infact many people in the US complain that inflation in the US would not have been so high if not that they are printing dollars to satisfy international markets. They complain that liquid assets of portfolio investors in the USA depreciate faster because of dollar inflation and US citizens have no other issued currency. Even if Africa has one currency, the Chinese will not likely collect that currency from them. They will demand for dollars. I think eventually the US themselves will do something about the unfortunate situation in which they have found themselves but for now there is practically no option for importers and exporters and importing and exporting is a private affair of importers and exporters. Not that of government. 1 Like |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by Alusiizizi(m): 1:05pm On Jun 14, 2023 |
Basicend: We unfortunate Nigerians, we would have been better off with a Chimpanzee as president. |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by YouandiAllofus: 1:14pm On Jun 14, 2023 |
tiswell:While africa might not have top grade millitary wapons in its arsenal and the financial capabilities as compared to the west, manpower is a very important aspect that the continent definitely have in abondance which either of the world powers can utilize to their advantage should there be an alliance. |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by Moniya4Real(m): 1:14pm On Jun 14, 2023 |
Sit- tight dictators or not, Africa sha must be liberated! May be you need to remind yourself the reason they are still in power is because they still do the bidding of Uncle Sam. Watch what would happen to them now that they are clamoring for the overthrow of the dollar. And take note, he said he is not against the US dollar but we, as Africans, shouldn’t be looking for dollar to settle trade with ourselves DeepSight: |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by Moniya4Real(m): 1:16pm On Jun 14, 2023 |
Totally wrong, the dollar supremacy gives the US undue advantage to borrow money beyond its limit and it enables the US to sanction any country. lawani: |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by Diddycsbsb: 1:18pm On Jun 14, 2023 |
Oga go and sit down African is a shit hole South Africa 🇿🇦excluded .... We will continue to Trade in dollars because dollars supersede and we love it.. Shit hole leaders Making noise anyhow Main lookin at him he has money all over the world stash in dollars. 1 Like 1 Share |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by shegzhkn: 1:19pm On Jun 14, 2023 |
seunny4lif:BS, and it was the same people who sodomize him and killed him, he made Libya a strong nation and has inferior military capabilities??, couldn't even build like a secret shelter to hide in peace time so as to use as sanctuary when the shit hit the fan, lol. |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by lawani: 1:24pm On Jun 14, 2023 |
Moniya4Real: As an individual, if you have assets or even an idea, you will be able to get loans. Dangote borrowed all the monies he used to build his refineries with no collateral. As a nation, if you have revenue, you will be able to borrow money against that revenue and that is why all nations are steeped in debt proportional to their revenue. Can you explain to me the advantage the US is using?. No institution is watched more closely by governments across the world than the US Federal reserve that controls dollar inflation and so far, the Chinese, Indians and etc are satisfied. 2 Likes |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by shegzhkn: 1:29pm On Jun 14, 2023 |
boldtruthalways:Jesus Christ, look at the mental wiring of a human being. Ruto, Museveni, Kagame (lol). |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by Bossly: 1:35pm On Jun 14, 2023 |
Tiopii, obedience4 and other lgbt miscreants will avoid this thread.😂 B¡tch ass n¡ggas🤮 Didn't I tell y'all that global dedollarization & Ukraine's ruin are irreversible?🤣 Make una donate more salty tears. 😭 Gringolandia is doomed! 1 Like 2 Shares
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Re: Why Should Trade Between African Countries Be In Dollars - Ruto by HighTable(m): 1:46pm On Jun 14, 2023 |
We are currently in a world order built in America's image. Before you speak of dumping the dollar, you will show the US how many nuclear warheads you have! Or perhaps you have aligned with China and Russia. Gaddafi made himself an easy target. There is time and cycles for everything under the sun. Consequences. 1 Like |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by lomprico(m): 1:46pm On Jun 14, 2023 |
thesicilian: Better late than never 1 Like |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by Chetas81(m): 1:47pm On Jun 14, 2023 |
obedience4:Because your own type of slave can see it clear eleriburuku |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by InvertedHammer: 1:48pm On Jun 14, 2023 |
/ Talk is cheap. Not when francophone African countries and their currencies are still under the firm control of France. Who is bankrolling Afreximbank from the back end? / 1 Like |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by prophetfire: 1:50pm On Jun 14, 2023 |
Zonefree:Tinubu that deemed it condescending to be interviewed by Nigeria press but only went to Chattam house in UK to talk. He needs them . Especially to recharge his body. |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by pansophist(m): 1:51pm On Jun 14, 2023 |
thesicilian: Gadaffi talks too much. Things like dumping the USD are mostly done in extreme secrecy, and also, your military should be topnotch. Take China for example, it was only when they established peace between Iran and Saudi the world heard about it. Only China and Russia can take actions that go against the interest of the west because their military is capable of facing the US one on one. Politics is nothing but strength vs strength. If you are weak, you will be the sacrificial lamb. You don't go about announcing your intention and not expect the target enemy not to strike, especially when you exist in their world order. Gadaffi was the scapegoat that made other leaders kept shut. But now is different. Ruto is just one of many leaders saying it. The time has come for the globe to move off, and the Americans can't do anything about it. Also, the global powers and economics have shifted, and are moving east. In other words, the world now has an alternative, so US sanctions cant bite as it does before. It's like when a hyena bites an injured, malnourished tiger because they can see that it is not as powerful as before, and don't fear it. 11 Likes 1 Share |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by achimendy(m): 1:51pm On Jun 14, 2023 |
JasonScoolari: Seconded by me |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by BluelightHotel: 1:54pm On Jun 14, 2023 |
He’s totally right and I think that every African country should join the BRICS too asap. |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by achimendy(m): 1:56pm On Jun 14, 2023 |
Diddycsbsb: You meant your family is a shit hole right? Scumberg. |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by Nawttiboi007(m): 1:56pm On Jun 14, 2023 |
Maybe when africans start producing rather than consuming saysoo: |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by achimendy(m): 1:57pm On Jun 14, 2023 |
BluelightHotel: Full meaning of BRICS pls? |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by timesupreloaded: 1:57pm On Jun 14, 2023 |
shielaAhmed:slave. Ogun kee America 1 Like 1 Share |
Re: Why Should Trade Between African Countries Be In Dollars - Ruto by Nobody: 2:03pm On Jun 14, 2023 |
Africa is beginning to see the light. It's time to have a unified currency, and visa free travel across all Africa... That is if North Africa decides to be one of us actually.... |
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