If The USA Is The World Power Why Is The UK Pound Stronger Than The US dollar? - Investment - Nairaland
Nairaland Forum / Nairaland / General / Investment / If The USA Is The World Power Why Is The UK Pound Stronger Than The US dollar? (1017 Views)
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| If The USA Is The World Power Why Is The UK Pound Stronger Than The US dollar? by Christmasdon(m): 10:38am On May 03, 2020 |
I would love to know. Any one with a clearer knowledge of this should lt us know... Thanks and a lovely Sunday...
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| Re: If The USA Is The World Power Why Is The UK Pound Stronger Than The US dollar? by mamaafrik(m): 10:39am On May 03, 2020 |
economist oya,help usoooo |
| Re: If The USA Is The World Power Why Is The UK Pound Stronger Than The US dollar? by Patented: 10:46am On May 03, 2020 |
Because value of the currency does not necessarily reflect the size of the economy among many other reasons. There are many other indices to consider, military might for instance. |
| Re: If The USA Is The World Power Why Is The UK Pound Stronger Than The US dollar? by Ernerstdavid55(m): 10:53am On May 03, 2020 |
 UK dey produce iPhone no |
| Re: If The USA Is The World Power Why Is The UK Pound Stronger Than The US dollar? by Or11: 11:07am On May 03, 2020 |
The Pound Sterling is not even the strongest currency. At £2.50 per Kuwaiti Dinar, Kuwait has strongest currency in the world and no Kuwaiti lives in poverty. The US have one of the largest population and also one of the strongest armed forces that's why they are looked at as the world power but are the really the most powerful country in the world with China and North Korea fighting for the spot |
| Re: If The USA Is The World Power Why Is The UK Pound Stronger Than The US dollar? by opomulero(m): 1:15pm On May 03, 2020 |
also note that most of the world currency reserves are in USD, IMF will borrow u in USD. most things are done in USD |
| Re: If The USA Is The World Power Why Is The UK Pound Stronger Than The US dollar? by Dmanlex(m): 4:44pm On May 03, 2020 |
Because the world can’t do anything without dollar. Even converting Naira to Chinese yuan u must convert to dollar first. Automatically u involve dollar into ur business thereby given them upper hand. That’s why Americans will do anything to circulate USD$ Because it boost their economy |
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