₦airaland Forum

Karen2024:
you are a fool! you don't have to solicit for your dullness to be pointed at you.

I will ignore banter with an impaired person.
Juvenile fulmination of non-juvenile.

Winters23:
It's not my job to cure anyone's ignorance.

As expected, you will result to insult to hide your stupidity.
The Chinese have diffident alternatives to the USA companies but the problem is this are they generally accepted by the world.
Tesla for example is the biggest electric car maker in the world.
The Chinese BYD is also a major player in the electric car market. But is it Accepted In the world market apart from China
Biadu is china most used search engine it is also available in Nigeria, yet we all used Google.
X formally tittwer is the biggest mirco blogging platform in the world, yet the Chinese Weibo is very popular in china, same as Wechat and WhatsApp.
That guy mention IBM oracle, the Chinese alternative is Alibaba cloud, yet you can't compare both companies in terms of sheer value and the numbers they made
Or comparing aliexpress to DHL, or amazon express or FedEx
Which Chinese aviation company will you used to compare airbus Lockheed Martin Boeing.
The key is not having alternative, are the alternative better or are they generally accepted.

Be smart ok
Cheers son

jaxxy:
sadly for the rupee the us economy which uses the dollar is the world's largest economy. u cannot discard it like its the naira.

many people don't have business with India. However everybody needs America or Europe.

There's nothing in USD, it just has financial institutions that backs it, what do america sell or produce ?? Maybe expensive military equipments.

If two countries can make proper settlement of payment, there's no problem trading in local currencies. And don't forget UAE and India are now members of BRICS

Gandrova:
If you don't know, Russia has the strongest economy presently in the world despite the sanction against her.
You should give them kudos for taking such a bold step don't be a clown.

🤣🤣🤣🤣

gexamar:
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Peter Enabulu the scammer.

obedience4:
As expected, you will result to insult to hide your stupidity.
The Chinese have diffident alternatives to the USA companies but the problem is this are they generally accepted by the world.
Tesla for example is the biggest electric car maker in the world.
The Chinese BYD is also a major player in the electric car market. But is it Accepted In the world market apart from China
Biadu is china most used search engine it is also available in Nigeria, yet we all used Google.
X formally tittwer is the biggest mirco blogging platform in the world, yet the Chinese Weibo is very popular in china, same as Wechat and WhatsApp.
That guy mention IBM oracle, the Chinese alternative is Alibaba cloud, yet you can't compare both companies in terms of sheer value and the numbers they made
Or comparing aliexpress to DHL, or amazon express or FedEx
Which Chinese aviation company will you used to compare airbus Lockheed Martin Boeing.
The key is not having alternative, are the alternative better or are they generally accepted.

Be smart ok
Cheers son

You’re living in a bubble, the reality is different from what you believe.

China is the future, the future is China.

Truthday:
There's nothing in USD, it just has financial institutions that backs it, what do america sell or produce ?? Maybe expensive military equipments.

If two countries can make proper settlement of payment, there's no problem trading in local currencies. And don't forget UAE and India are now members of BRICS

I got lost when you said what do America sell or produce

Then you said what is in the USD
Even the Chinese their foreign reserves are in USD,
They hold the largest USD reserves after the USA itself, a currency that is used by over 120 countries in international trade, yet you are asking what is in the USD.
How will the USD fall, when the two largest economic in the world chino and USA trade in dollars, the US China trade peek at 1trn dollars the last fiscal year
The biggest trade between nations were,
The USA china, China European Union, USA UK, UK china, Germany china, Japan and China ,South Korea Japan, Russia and China
Korea and China. India Russia, India china
This trades are worth over 4 Trillion dollars
80% of it was done in dollars, yet You are asking what is in the dollar.
The India you All are hyping After China,the USA and the European Union are its biggest trading partners, even if she Trade with china on rupees will it not trade in dollars when dealing with his second and third largest trading partners the USA and European union.
Until countries like South Korea, Japan, Taiwan, Germany, UK, France stop trading in the dollars then you can say the dollar is declining.

Cheers mate.

Let's Nigeria follow same am tired of hearing dollar high for market that is why products are expensive but our leaders are puppy in the hands of the western world!

obedience4:
I got lost when you said what do America sell or produce

Then you said what is in the USD
Even the Chinese their foreign reserves are in USD,
They hold the largest USD reserves after the USA itself, a currency that is used by over 120 countries in international trade, yet you are asking what is in the USD.
How will the USD fall, when the two largest economic in the world chino and USA trade in dollars, the US China trade peek at 1trn dollars the last fiscal year
The biggest trade between nations were,
The USA china, China European Union, USA UK, UK china, Germany china, Japan and China ,South Korea Japan, Russia and China
Korea and China. India Russia, India china
This trades are worth over 4 Trillion dollars
80% of it was done in dollars, yet You are asking what is in the dollar.
The India you All are hyping After China,the USA and the European Union are its biggest trading partners, even if she Trade with china on rupees will it not trade in dollars when dealing with his second and third largest trading partners the USA and European union.
Until countries like South Korea, Japan, Taiwan, Germany, UK, France stop trading in the dollars then you can say the dollar is declining.

Cheers mate.

Ok, I think you should understand this, USD gas the largest share in global reserve currency, for crossborder transactions, USD ias mostly used for it's easy access and available financial institutions. China is the largest economy after USA, it's normal to know that USD will be used by china fir settlement of payment, however, it's possible for countries to negotiate on how to settle their payment, once that is done, then they can trade in their foreign currencies.

You just nailed it. There are currencies that are more stronger than $$ that nobody wants in the world. US backed $$ with innovations that the world want and most people pays top money for. Most companies in the world will die to have their stocks list on NYSE.
Any country can trade in any currency they want but as long as US keeps innovating, producing world top companies, export technologies and not banana and fruits, the value of $$ will keep rising compared to countries that offer mono product like oil.
US has more oil than Nigeria but they don't drill most on their oil. I live in Virginia Beach and the locals sue the federal government when it propose oil drilling of the coast of Virginia beach. Why? Tourism brings more money than oil could bring without environmental degradation and while oil will dry up , tourism is for life.
It's ignorant and anti-US to assume the value of $$ will fall cos BRISC will trade in local currencies because the value of $$ is based of US exports and not which countries trade with it or not. The value of Naira is affected by our trade deficit and no magic government can do that will have effect on it long term value.

ecolime:
Good one. I've always supported trading in local currencies.

Nevertheless, it won't still scratch the value of the dollar. The US exports more than they import so na the balance of payment be the koko.

There is a reason why Pounds sterling GBP is strong like a rock despite not being used as the major world settlement currency like the USD.

As long as the US stay ahead of others in innovations, technologies, etc. they have nothing to worry.

A country that owns and hosts Apple, Google, Microsoft, Oracle, Boeing, GE, Amazon, Tesla, etc and you think their currency will just fall yakata?

Just dey play

Truthday:
Ok, I think you should understand this, USD gas the largest share in global reserve currency, for crossborder transactions, USD ias mostly used for it's easy access and available financial institutions. China is the largest economy after USA, it's normal to know that USD will be used by china fir settlement of payment, however, it's possible for countries to negotiate on how to settle their payment, once that is done, then they can trade in their foreign currencies.

I get your points
But the way you said that the USD is nothing
Was very wrong
Cheers

Bilateral trade between UAE and India Is huge. Most of their medical personnel and equipment , agricultural products are imported from India. So very easy for both countries to trade in local currency.

AllenSpencer:
🤣🤣🤣🤣🤣


Russia did same and we all know where the Ruble at now!

It’s just a matter of time!

India should dump the dollar as their reserve currency and I will take them serious. 🤣🤣🤣🤣

If the US dollar were to lose its reserve status, it would likely lead to a significant decline in demand for the currency. As central banks diversify their reserves, the dollar could face downward pressure, resulting in a depreciation of its value

Envy, India can never be a world power, a poor retched country with a overbloated population

They are funny sha. The point is irrespective of currency used you can only establish the value of what you are being offered by comparing it to the dollar, pound or Euro. Which still has the effect of using the dollar. Now what would the UAE do with the rupees if not buying something else from India? They can't pack the rupees to go shop in china or Russia because these countries hardly buy anything from UAE or India.

Ordinary 1million barrel, is that news, what is 1million barrel compared usa that consum 20 million barrels per day, empty noise makes the loudest noise, i like the way the us and western power overlooked those noise makers.

Now can the uae use the useless rupee buy Nigeria oil or buy fighter jets from or France, if Euro could not displace dollar is it the rupee or yuan, currency that is back by corrupt and fraudulent countries.its waste of time.

cenaman:
Which country will accept naira?

How you look naira self, many countries go die to ha e naira.
Zimbabwe, Somalia,Niger etc will happily give us their currency so they can. Have crude oil and

Mcreloaded:
How you look naira self, many countries go die to ha e naira.
Zimbabwe, Somalia,Niger etc will happily give us their currency so they can. Have crude oil and

see your life fourth world countries

AllenSpencer:
🤣🤣🤣🤣🤣


Russia did same and we all know where the Ruble at now!

It’s just a matter of time!

India should dump the dollar as their reserve currency and I will take them serious. 🤣🤣🤣🤣

So what's your bright idea? Maintain the status quo while US reserve Bank continues to print paper dollar?

xandy84:
You just nailed it. There are currencies that are more stronger than $$ that nobody wants in the world. US backed $$ with innovations that the world want and most people pays top money for. Most companies in the world will die to have their stocks list on NYSE.
Any country can trade in any currency they want but as long as US keeps innovating, producing world top companies, export technologies and not banana and fruits, the value of $$ will keep rising compared to countries that offer mono product like oil.
US has more oil than Nigeria but they don't drill most on their oil. I live in Virginia Beach and the locals sue the federal government when it propose oil drilling of the coast of Virginia beach. Why? Tourism brings more money than oil could bring without environmental degradation and while oil will dry up , tourism is for life.
It's ignorant and anti-US to assume the value of $$ will fall cos BRISC will trade in local currencies because the value of $$ is based of US exports and not which countries trade with it or not. The value of Naira is affected by our trade deficit and no magic government can do that will have effect on it long term value.

Correct you are very well informed. tell them to learn.

Wettoid123:
Let's Nigeria follow same am tired of hearing dollar high for market that is why products are expensive but our leaders are puppy in the hands of the western world!

This show that you were not well informed, please can you get more reeducation regarding foreign exchange before you comment further on topics like this, just to let you know, the dollar is not high, it is your naira that went low, i.e depreciating.

ecolime:
Good one. I've always supported trading in local currencies.

Nevertheless, it won't still scratch the value of the dollar. The US exports more than they import so na the balance of payment be the koko.

There is a reason why Pounds sterling GBP is strong like a rock despite not being used as the major world settlement currency like the USD.

As long as the US stay ahead of others in innovations, technologies, etc. they have nothing to worry.

A country that owns and hosts Apple, Google, Microsoft, Oracle, Boeing, GE, Amazon, Tesla, etc and you think their currency will just fall yakata?

Just dey play

with majority of thier chips and board materials including labour sourced from China and India.

Iamzik:
So what's your bright idea? Maintain the status quo while US reserve Bank continues to print paper dollar?

Thats the problem with black nations, the US reserve bank doesnot print more currencies more than it actually capacity, as a matter of fact the only print to replace old worn currencies, unlike banks here in Africa and Nigeria and some other corrupt middle east countries, they print money like it is paper and you expect the currency to have value. no way.

Latakia:
This is what happen when you weaponised your currency, a currency that is not backed by anything commercial except sanction

By saying that it means you are not well informed, if the print excess dollar not back by any real commodity or services, then there will be excess dollar in circulation and the dollar will loose it value to reflect the worth of products been backed by the dollar in circulation. blacks should try and learn please.

Alexanderobi:
INDIA IS GRADUALLY GROWING INTO A HEAVY WEIGHT.
I SEE THE BRICS NATIONS CHALLENGING THE WEST

You can dream all you want but that will not happen now or the next decade. BRICS a set of nations who do not trust themselves how can they challenge the west. you all must be joking.

Karleb:
Until I knew litte about international economics, I would wonder why this was not possible in the first place..

Because the cannot trust themselves and that is the trust, every one of the BRICS nation are greedy and looking for ways to outsmart each other.

descartes400:
The country we trade with the most.

Nigeria should implement currency swap deals with China, Dubai, and India...we should trade less with western currencies.

Really and you think this will work. So Nigeria or India can go behind and Print more currency note to buy excess goods and resources from the other country, what do you think will happen at the global stage if this happens. I can buy all the goods in your shop just for some pieces of paper, that had no real attachment to any product or services. please just think again before you conclude on this assertion. Do you even know why currencies of countries get depreciated. when you print more than your counties value, without increasing the value or worth of your country, your currency will be sure to tank. I know you all have very short memories. but i know you can still remember when Obaseki was shouting at the top of his voice that Buhari has secretly asked CBN to print more money than required and you lots thought he was just been crazy. the result of that singular act by Buhari is the main reason for the high inflation we are been faced with at the moment.
It will shock you to know that even india companies here in Nigeria refuse to accept contract in Nigeria Naira, because they are scared that one day the may just wake up and your government will just print excess paper Naira to pay them and the currency will become worthless. Your government starting from the era of Buhari refuses to announce when they are printing more new money and they tend to lie a lot of the financial data's hence the reason no government in the world wants anything to do with the Naira. because your financial system lack trust. When the USA decided to print more new dollar in the early 2000 it was publicly announced and even the dollar lost value to some significant value then.

nedekid:
Countries you have bilateral trade with eg China we export oil, timber etc to. They also export finished products to us. China will have naira reserves while we will hold yuan. We do not need to change our money to dollar before buying things on eg aliexpress.
This was proposed about 6 years ago, but in the usual naija way, nothing was done about it. There is no reason I want to buy something from Ghana, I will the change my money to dollar first.
It will even help the naira improve against the dollar as there will be less demand for the green back.
We can see the usuall naija shenanigans, we did not apply to join BRICS. Others have joined.

and when your country decides to print more Naira without notice to the Chinese government and then we will now have excess paper in Naira form to buy more goods from China without any value, is that not cheating to the other government in this case.

ecolime:
Good one. I've always supported trading in local currencies.

Nevertheless, it won't still scratch the value of the dollar. The US exports more than they import so na the balance of payment be the koko.

There is a reason why Pounds sterling GBP is strong like a rock despite not being used as the major world settlement currency like the USD.

As long as the US stay ahead of others in innovations, technologies, etc. they have nothing to worry.

A country that owns and hosts Apple, Google, Microsoft, Oracle, Boeing, GE, Amazon, Tesla, etc and you think their currency will just fall yakata?

Just dey play

Dont mind them, they dont know. The only know how to wine their mouth.

sharone21:
Maybe we should start with embassies in our country and create alliances with African countries plus others across the globe that we will need things from. This will create jobs in both countries for money exchangers dealing in those currencies.

Nothing is fully wrong with Naira( permit me this English), but it gets wrong when we compare it with other seemingly powerful currencies.... Though, we need to do better. Hopefully, the new Ministers have assume office and should hit the ground running apart from Governor's in each state addressing issues to making Nigeria better.

PS: Don't know if there is a Minister for Industries as we need his impact a lot at this critical time.

So they can print more papers without any real value to collect all your goods and services abi.

ecolime:
Good one. I've always supported trading in local currencies.

Nevertheless, it won't still scratch the value of the dollar. The US exports more than they import so na the balance of payment be the koko.

There is a reason why Pounds sterling GBP is strong like a rock despite not being used as the major world settlement currency like the USD.

As long as the US stay ahead of others in innovations, technologies, etc. they have nothing to worry.

A country that owns and hosts Apple, Google, Microsoft, Oracle, Boeing, GE, Amazon, Tesla, etc and you think their currency will just fall yakata?

Just dey play

the irony in all of this is that America never dethroned anyone out of envy, rather she developed her society in economics, commerce, science and tech. Gave every other nation about 10yrs ahead of time. All these doing theirs out of envy won't work. The level of civilization, freedom America got to can't be matched by either Russia or China. America built strong institutions, others are building strong personality.

FuckTheMod:
Beautiful!
This real and right trading.
Not trading over useless and USA-worth-attached papers.
THE FALL OF UNITED SNAKES OF AMERICA IS EMINENT.

Do you know Fagunwa, a history lecturer in Osun State University?

Majesty7:
India buys a million barrels oil with Rupee. Then that means what? If UAE are willing to accept it, then so be it. Let Indians foreign reserves also be in Rupee. Do you call it hatred or just lack of common sense that's affecting most tabloids? India buying oil in Rupee, does that stops others from using USD? India is just too small for all this. Develop your economy first and boost your local production before this senseless fight. Who cares if they buys in Riyadh?

exactly! America built a formidable society, advanced international trade to what it's today. All des ones trying to topple America out of envy are just wasting their time.

Iamzik:
So what's your bright idea? Maintain the status quo while US reserve Bank continues to print paper dollar?

Yes! Maintain the status quo!

godwinstringed1:
Do you know Fagunwa, a history lecturer in Osun State University?

Wetin do am ?