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Advantages Of Saving Your Naira In Dollars - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Advantages Of Saving Your Naira In Dollars (943 Views)

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Advantages Of Saving Your Naira In Dollars by Nobody: 5:31pm On Dec 23, 2020
Lately, I've been hearing some people advising Nigerians to save their money in dollars because of naira depreciation. Please how will I make profit from doing that? What are the advantages of doing that?
Re: Advantages Of Saving Your Naira In Dollars by dawnomike(m): 5:52pm On Dec 23, 2020
Trayceey:
Lately, I've been hearing some people advising Nigerians to save their money in dollars because of naira depreciation. Please how will I make profit from doing that? What are the advantages of doing that?
Saving your money in dollars is advisable if you wish to save on a long term as you have more value for your money if Naira depreciates against the US dollars... A better advise is to earn your money in dollars
Re: Advantages Of Saving Your Naira In Dollars by nedekid: 6:57pm On Jan 08, 2021
Trayceey:
Lately, I've been hearing some people advising Nigerians to save their money in dollars because of naira depreciation. Please how will I make profit from doing that? What are the advantages of doing that?
Saving your money in usd is not for profit making, but to preserve the value of your money if naira crashes.
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