₦airaland Forum

Thomaz31:
A strong currency isn't just about nukes or raw productivity. It's a complex mix of things, global trust in the UK economy, its financial services sector, and what it exports (like financial services, pharmaceuticals, and high-tech stuff). It's not a simple equation.

diamond68:
when I say the size of your nukes I mean THE STRONGER YOU ARE MILITARILY YOU GET TO BULLY YOURSELF INTO HAVING THE STRONGEST CURRENCY. ITS RIGGED. It’s white man voodoo economics

diamond68:
Is it really by your productivity or by the size of your nuclear weapons ? What is Britain producing to have such a strong currency? What are they exporting ?

diamond68:
Is it really by your productivity or by the size of your nuclear weapons ? What is Britain producing to have such a strong currency? What are they exporting ?

mrvitalis:
Bro it's about trade balance... Britain is a banking and insurance gaint that's what they export mostly

But Naira is not weak because we don't produce enough.. A closer look at our trade balance sheet shows we actually produce more than we import most years...

So why is naira falling? Debt.. Borrowed debt that need servicing... Nigerian government is the biggest consumer of dollars thanks to APC

UncleJJ:
Not production, but capital flow.

Bede2u:
i studied Economics and Accounting in Australia and I am a student of history but I still do not understand currency valuation. In truth it is white man's voodoo politics (not economics).

For instance, Ecowas has been trying to initiate a single currency for the sub region forever with no success because they say countries must achieve certain inflation, monetary and fiscal targets to qualify. My question is, when the UK imposed their pounds on bush African communities in 1890, did those bush communities meet those inflation targets?
As bad as naira is currently valued, it is still way higher than Indonesian rupee despite Indonesia being a larger and more stable economy.
China produces more than many countries but still has a lowly valued currency.
Currency is a political tool rather than an economical one.
Our naira was stronger than the dollar in 1980, then IMF suggested we start devaluing it because it's value was inflated. Question, why didn't imf suggest to the British to devalue the nigerian pound when the British were incharge, considering that our economy in 1980 was way larger than our economy under British rule.
Politics

diamond68:
hehe you couldn’t resist adding APC but good info. But let me ask though ? They say America owes 33 trillion dollars so if it is about debt why is their money still strong ?

mrvitalis:
Bro it's about trade balance... Britain is a banking and insurance gaint that's what they export mostly

But Naira is not weak because we don't produce enough.. A closer look at our trade balance sheet shows we actually produce more than we import most years...

So why is naira falling? Debt.. Borrowed debt that need servicing... Nigerian government is the biggest consumer of dollars thanks to APC

Bede2u:
i studied Economics and Accounting in Australia and I am a student of history but I still do not understand currency valuation. In truth it is white man's voodoo politics (not economics).

For instance, Ecowas has been trying to initiate a single currency for the sub region forever with no success because they say countries must achieve certain inflation, monetary and fiscal targets to qualify. My question is, when the UK imposed their pounds on bush African communities in 1890, did those bush communities meet those inflation targets?
As bad as naira is currently valued, it is still way higher than Indonesian rupee despite Indonesia being a larger and more stable economy.
China produces more than many countries but still has a lowly valued currency.
Currency is a political tool rather than an economical one.
Our naira was stronger than the dollar in 1980, then IMF suggested we start devaluing it because it's value was inflated. Question, why didn't imf suggest to the British to devalue the nigerian pound when the British were incharge, considering that our economy in 1980 was way larger than our economy under British rule.

Hello All
I Strongly believe Britain produces Nigeria and some other African countries
Ever heard of COMMONWEALTH?

They share our commonwealth... that is why we are what we are till today.

Politics

DeLaRue:
'Britain produces nothing' is inaccurate.

mrvitalis:
America owns dollars ... Their biggest export is dollar

APC borrowed majority of our debt and wasted them that's why we all became poorer

Bede2u:
i studied Economics and Accounting in Australia and I am a student of history but I still do not understand currency valuation. In truth it is white man's voodoo politics (not economics).

For instance, Ecowas has been trying to initiate a single currency for the sub region forever with no success because they say countries must achieve certain inflation, monetary and fiscal targets to qualify. My question is, when the UK imposed their pounds on bush African communities in 1890, did those bush communities meet those inflation targets?
As bad as naira is currently valued, it is still way higher than Indonesian rupee despite Indonesia being a larger and more stable economy.
China produces more than many countries but still has a lowly valued currency.
Currency is a political tool rather than an economical one.
Our naira was stronger than the dollar in 1980, then IMF suggested we start devaluing it because it's value was inflated. Question, why didn't imf suggest to the British to devalue the nigerian pound when the British were incharge, considering that our economy in 1980 was way larger than our economy under British rule.
Politics

WrriterNg:
When was the last time you saw a Made in Britain or Made in USA product?

Anyone??

But i bet the phone you use now was made in China. Even if it's an iPhone.

diamond68:
Is it really by your productivity or by the size of your nuclear weapons ? What is Britain producing to have such a strong currency? What are they exporting ?

WrriterNg:
When was the last time you saw a Made in Britain or Made in USA product?

Anyone??

But i bet the phone you use now was made in China. Even if it's an iPhone.

Thomaz31:
A strong currency isn't just about nukes or raw productivity. It's a complex mix of things, global trust in the UK economy, its financial services sector, and what it exports (like financial services, pharmaceuticals, and high-tech stuff). It's not a simple equation.

Ahmback:
I dislike niggas like you who whine about the "made in China" shitty line. Made in China does not make it Chinese technology or product! Infact, China has none to minimal influence on the quality, quantity, method or techniques used in the production of these goods/products. It's just the labour

diamond68:
Is it really by your productivity or by the size of your nuclear weapons ? What is Britain producing to have such a strong currency? What are they exporting ?

naptu2:
Britain produces a lot of things (both goods and services).

WrriterNg:
So who owns the product then?

Cuz China produces majority of the components in virtually everything.

Even the raw materials used

Ahmback:
Afar relax oo
Stop spewing what you don't know for a fact

Bede2u:
i studied Economics and Accounting in Australia and I am a student of history but I still do not understand currency valuation. In truth it is white man's voodoo politics (not economics).

For instance, Ecowas has been trying to initiate a single currency for the sub region forever with no success because they say countries must achieve certain inflation, monetary and fiscal targets to qualify. My question is, when the UK imposed their pounds on bush African communities in 1890, did those bush communities meet those inflation targets?
As bad as naira is currently valued, it is still way higher than Indonesian rupee despite Indonesia being a larger and more stable economy.
China produces more than many countries but still has a lowly valued currency.
Currency is a political tool rather than an economical one.
Our naira was stronger than the dollar in 1980, then IMF suggested we start devaluing it because it's value was inflated. Question, why didn't imf suggest to the British to devalue the nigerian pound when the British were incharge, considering that our economy in 1980 was way larger than our economy under British rule.
Politics