₦airaland Forum

naijamerican:
worry about your useless nigeria and the increasingly worthless naira.

Fuckyoumod:
of what use is rupees to a Nigeria business man doing business in Nigeria?

Will you accept rupees in place of U.S dollar?

Nigerians should rather focus on the many problems bedeviling Nigeria.

Nigeria in the 60s was far ahead and doing better than India.
But look at Nigeria today. Nigeria is nothing but an empty shell.

Our problem is not the dollar or the U.S, our problem is having corrupt men and women occupying everywhere in the decision make of this country.

ovie8200:
My friend just relax. How UAE would used the India Rupee now to buys things from others. They will still end up convertying it to dollar. People like you like anything that negative about USA because they denied you VISA. Remember that pounds, Euro, Switzerland, Kuwait and other countries money are stronger USA dollar so countries trading with currency doesn't stop the dollars because at the end of the day, those countries will still convert the money to dollars in other it to buy things from other countries.

Look at it this way. which country now will accept India rupee under than India itself. so what did they achieve at the end of the day, nothing more especially if India doesn't have anything UAE want to buy from them. UAE will convert ti dollars and buy from other countries.

cenaman:
Which country will accept naira?

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

fxexperts:
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.

fxexperts:
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.

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. 🤣🤣🤣🤣

sirblend:
90% of the countries in the world cannot do without America....

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.

Nyne:
Shey na by force to use your currency trade ?

I can pay with whatever I like so far the receiver accepts. Abi no be so ?

AllenSpencer:
You are right!

But you will still bring it back to dollar at some point, and that would always take you to a loss! Instability of a currency outside the dollar will send you back to your village

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

Nyne:
No it will not.

Just do your thing independently you’ll scale through .

Were people not trading before the dollar came ?

AllenSpencer:
They were! But you must realize the world was not globalized like today. Now, a legal tender that is fit, stable, and backed by powerful institutions is what’s required.

Even as you so much detest the USD, you won’t still move all your life saving outside the USD. That’s just the bitter truth you will find difficult to accept.

Wettoid123:
What you are saying is different from my reasoning I have my MSc in Economics, dollar has been recognize for so long as a medium for international transaction all over the world let a new currency come out that will be internationally accepted by some develop countries you know that is what is giving birth to BRICS

oluwaseyi0:
Because UAE that collected rupees from India instead of Dollar have nothing to use the rupee for

oluwaseyi0:
UAE can't easily trade with their neighbour using rupee, at the end of the day UAE may need to still change the rupee to dollar in other to spend it unless they intend to spend it by buying things from India (which will make it trade by barter)

AllenSpencer:
You are right!

But you will still bring it back to dollar at some point, and that would always take you to a loss! Instability of a currency outside the dollar will send you back to your village

FuckTheMod:
Wetin do am ?

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

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

FuckTheMod:
Common sense is indeed not common...
You need to start seeing beyond your nose...

YouEssay:
You go explain taya, your tears will multiply. 😭

Terrorist gringolandia is doomed.
It is game over for the demonic imperialist & hegemon.

Karen2024:
It would have been wise of you if you just past. But replying that you have to be silent has further naked your internal stupidity. I hope you get help soonest!

Fuckyoumod:
MY PARENTS are the proverbial slug. A slow, lazy and useless animal called "Idiot, heavily infected and infested by all kinds of diseases and insects, yet it goes around from grass to grass, tree to tree cleaning and eating up shit and waste of from other animals, but failed to clean up himself, unaware that his own body is a refuse dump"

MY PARENTS are a Nigerian, THEY have not done anything to better their country, but I AM busy chasing shadows.

This African proverb is the only way I can make MYSELF realize I AM an Idiot. A lazy and a useless animal.

Do I even know that there is an animal called idiot? See MY picture below 👇

That is what I AM!

Revolution2022:
How do both countries exchange their currency without the dollar?Dollar is the global acceptable currency as a means of exchange.

fxexperts:
I understand what you are saying, but i just tried to correct the first point you said dollar is going high, because the value of the dollar has been pretty kind of constant and it is Naira that is losing value, not only against the dollar but also against the Chinese Yuan, the Euro, pounds and all the world major currency. Even if the Chinese Yuan was the world most reserve currency like the Dollar, going by our economic nightmare Naira will still be losing value.
And for the second point, i do not think any country at the moment has the capacity to make their currency the world reserve currency like the dollar at the moment. If you talk about BRIC, my only answer is let them try, but i do not think they will succeed, because these guys do not trust themselves enough to succeed. Their first major challenge will be whose currency are they going to adopt for the single recognized currency for the BRICS and secondly if all the BRICS country decide to dump their local currency and formulate a one currency system, then the question will be who is going to be controlling the currency.
Crypto currency would have been the game changer, because like what they told us it was supposed to replace the US dollar and it is not controlled by any government, but so far crypto has failed to compete with the dollar on all fronts.
I really do not think we Nigeria should be praying for the downfall of the dollar, because regardless of the country whose currency replaces the dollar, Naira is still most definitely going to suffer. We just have to look for ways to boost our economy and make the Naira stronger, that is the only and best way to go.
At the moment i see Nigeria praying for the downfall of the US as that poor lazy brother of a rich man in the village, who spends all his energy marrying many wives, drinking and getting drunk without going to work and wishing his fortune will turn around if the wealthiest man in his village dies and someone else takes up that position as the village richest man. The poor man has refused to work, he fails to farm, but he is praying for a miracle. I think that is what we called Witchcraft in Africa.

AImiron:
Source

jaxxy:
This is very funny. Americas economy has been the biggest for decades and u are here saying this?

America produce alot of things and even when they import its for meaningful development and production of tech or valuable products that the world still comes back to import from them.

America is not like Nigeria and stupid countries that import food to eat or useless things because they are lazy.

America has been giving Africa aids and grants. U think they are stupid? They have a 50 year road map in all areas and sectors infront of them not like dummy African countries that can think going anywhere belle face.

if I travel to Europe what will I do with the rupees? I need dollars that's all.

Truthday:
Again, what do america produce. It's their responsibility to give aid and sponsor international organizations UN, IMF, WHO, WTO and give loans since their currency is used as international reserve currency. Not naira or yuan