₦airaland Forum

General Muhammadu Buhari said, he will make $1 = #1 if he wins. Please, Business inclined experts, how possible is this possible [i'll like to know]

Its a dream. The people that hold that power will dictate hiw the dolar and Naira move.
Unless Naija will becone a world power and overthriw USA and become self sufficient Within a few months after Buhari takes over power.
America uses the value if its dollar to control world finances and economies.
Its a dream I will like to see come true.

delishpot:
Its a dream. The people that hold that power will dictate hiw the dolar and Naira move.
Unless Naija will becone a world power and overthriw USA and become self sufficient Within a few months after Buhari takes over power.
America uses the value if its dollar to control world finances and economies.
Its a dream I will like to see come true.

are you saying its not possible? *confused*

ceeSleek:
are you saying its not possible? *confused*

It is possible. If America does not sabo the plan. Those people are wise too. They will do all in their power to make that dream not happen. They will look for a way to remove such president/ leader. Such a move will affect the economy of America esp as oil is concerned.

Its possible, everything is possible but not everyone wants what is possible.

its pure economic stupidity..... read the 1944 bretton woods agreement and the abolishment of the gold standard; you'll see why having dollar equivalence doesn't translate to good economy. e.g Japan is one of the worlds top 8 economies, yet $1= 119.76 Japanese yen..... korea is 3rd most tech. advanced economy, a top 20 world economy, yet $1= 1,002.50 Korean won.

floating exchanged rates is one of the many tools of Central Banks Monetary Control Power. Even if dollar is equivalenced today, what will back this economic foolishness; oil prices are abyssmally low, purchasing power parity will remain same, the NSE all share index is just with a capitalisation of $50 billion+, the cost of this economic stūpidity will be too large to bear. GHANA DID IT AND TODAY THEY HAVE RUN BACK TO IMF to seek bailout and outrageous LOANS

If China can't then we can't.