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Nairaland Forum / Nairaland / General / Business / Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) (45820 Views)
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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Sltp: 6:44pm On Apr 27, 2023 |
Leebeedo:It means the country can print more money without suffering the consequences. Isn't this obvious? |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Sltp: 6:52pm On Apr 27, 2023 |
Leebeedo:Why do you think having higher value currency is desirable for all economies? Are you not aware that some countries eg. Japan artificially devalues their currency whenever it goes on bullish trend and appreciates too much? This seems too complicated but there's a difference between aspiring for your currency to gain value and high demand for your currency. The high demand means that you'll simply keep printing more money and suffer little or no consequences regardless every other mediocre economic policies that will affect the performance of your currency in the international market. That high demand gives you an edge |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by BucketMan: 7:37pm On Apr 27, 2023 |
Nice |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Damscole: 8:39pm On Apr 27, 2023 |
It's obvious u don't know anything happening that has been happening around the world USA has been commiting terorism around the world Righteousness2: |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by sprints1: 11:03pm On Apr 27, 2023 |
Karnice600:u be olodo and mumu google snapdragon and apple bionic chip all these things come from Taiwan or China. Ode oponu. U don't have common sense. Uncle Sam don brainwash this olodo abi no be Samsung dey supply iPhone with hardware idiot olodo nincompoop. Get facts right. The same USA u dey glorify gets their materials from Asia. Idiot radarada person |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Tycyborg(m): 11:48pm On Apr 27, 2023 |
kenny714433: They did that by funding wars, ie selling weapons to countries fighting war or internal crises, they also attack some smaller countries and installed a pro USA person there who will let them trade in their currency and they did that to more than 15 countries... Why do you think USA are always acting like UN in any war, especially in small countries, and do you notice all those countries do have one or two natural resources for trade. Imagine USA who is pushing ukrain for war told ukrain that after the war they will loan unkrain money with a USA own construction company to rebuild ukrain which is not gonna be free... Now do you imagine what poor war ridden ukrain will use to payback for rebuilding? Why do you think USA is more like the highest stake holder in NATO? It's to cobtrol their own country economy...and so many more. Same strategy china is using but china is not using war but economic and banking power and they are getting there... USA is like a devil... She gives you 1 and take 10 |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Tycyborg(m): 12:03am On Apr 28, 2023 |
Leebeedo: You people just say things without knowing anything... China is one of the countries producing semiconductor... Infact the iphone we use is produced in china because of labour force and cheap to produce... Imagine USA were the ones manufacturing iphones, no body will be able to buy it because the finishing will be too expensive... Even most of the texh especially house tech being used in USA is produced in china... An example check the country with the highest tech exportation and see that china was leading Hong Kong which is 2nd with a lot of margine and the distanced third which is Germany. |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Tycyborg(m): 12:07am On Apr 28, 2023 |
marlow1962: When you say Nigeria is useless for that, then what will you say to Ghana that even some of their hotels will give you price in USA dollar instead of their cedis. Within their country. What will you say about that? |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by nairamaniac: 12:45am On Apr 28, 2023 |
id4sho:yeahhh. Naaaa true. What happened with this deal that year? |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by bionixs: 1:13am On Apr 28, 2023 |
ovieigho:America’s story and position to the world , same story and position of southeast to Nigeria |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by bionixs: 1:17am On Apr 28, 2023 |
helinues:African countries working my foot. Common back home here , certain tribe was stopped from voting in Lagos and government and stakeholders said no jack Africa is far far from prosperity likewise Nigeria. Go back to the foundation and fix your problems and stop wasting your time |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by bionixs: 1:18am On Apr 28, 2023 |
WrriterNig:oga , when ![]() |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Leebeedo(m): 2:35am On Apr 28, 2023 |
Tycyborg: China covers just 5% of the worlds semiconductors production while USA covers over 40%. The highest is South Korea which is a very strong ally to the USA. The semiconductors produced in china is not even enough for Chinese consumption. |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Stallion84(m): 4:22am On Apr 28, 2023 |
Hpesoj: Can you share this report please? 1 Like |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by alcuin(m): 5:11am On Apr 28, 2023 |
Rubbiish: Can you give examples of these USA products? |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by princekwi: 6:07am On Apr 28, 2023 |
Gbogbowa: They travel to USA because of the strength of the dollar, when the dollar collapses, there will be no need to travel their anymore since it will be a waste of time and energy, got it? |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Bluntemperor: 6:15am On Apr 28, 2023 |
The problems with Africa and Nigeria in particular is that we can analyse situation well but the Implementations is poor! The troubles with the BRICS Nations is that none can substitute and surrender its self for another domination - e g Russia is ruled by a one man show ,so also is China- forget the 1.4 Billions People - her Agenda is feed the people well,get them occupied,then,they wouldn't agitate because Communism is pure likened to Military command - nothing like freedom ( both I Russia and China),the earlier you know the better! India,too with Population of 1.47 Billions will never agreed to Chinese and as at now , serious war is going on between the two Countries - where China is killing Indian along the borders,as Chinese are claiming some Islands that India have claimed over Centuries ago , with many Indian Soldiers dying! Their arrogance and Supremacy matters in international relations. Have you ever worked with these Countries - the India, the Chinese and Lebanese,then you know they cared less abou humans,as they regards your welfare as nothing - if you fail or fall,it just ' one nut' fell and they are moving on without blinking there eyes! Africa must wake up quickly and Re- established itself as a Pan -Africanist -by Self Development,Heavy Production of their goods and services that would not trade away her birthrights to Colonial Masters and must have Zero- tolerance for Corruption,otherwise all these romances with any of the World Power is 2nd- Re- Colonisation! |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Triangles1(m): 6:34am On Apr 28, 2023 |
kenny714433: You really understand the situation very well. |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by bigiyaro(m): 7:49am On Apr 28, 2023 |
WrriterNig:which "every country" what of countries that doesn't trade anything? |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by OyinO: 10:15am On Apr 28, 2023 |
ovieigho: You need history lessons. You're talking from emotional intelligence and cognitive dissonance. |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by OyinO: 10:17am On Apr 28, 2023 |
The US has shot itself right on the foot. She will fight dirty like a wounded lion in an attempt to recover and restore lost glory through WW III. |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by BidenDTrounced: 1:01pm On Apr 28, 2023 |
BidenDTrounced:Tinubu's newspaper? That's how it feels when shrinking Nazi apologists echo material from CNN, BBC and the likes.
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Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by Damscole: 10:49pm On Apr 29, 2023 |
Righteousness2: 1 Like |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by BidenDTrounced: 11:03am On Apr 30, 2023 |
BidenDTrounced: Mike Adenuga at 70 THOSE who would literally go insane (Jews of igbo extraction for example ![]() That is why, as Nigerians and the rest of the world roll out the drums to celebrate him as a billionaire business mogul with vast interests in real estate, oil and gas, banking and telecoms, investor and consummate philanthropist, we find ample reasons to take a voyage around, and salute, the ennobling institution that he has become as a major pillar of the Nigerian economy and a force for laughter in a land where sorrow and despair have effectively become daily doses. Michael Adeniyi Adenuga Jr (GCON) is such a pleasant song at 70 and we heartily join in singing the tunes. His story is a powerful instantiation of the fact that you do not have to engage in politics to make inerasable, enduring impact in the lives of millions of people. In line with Yoruba lore, Adenuga is a metaphor for Onirese, the calabash carver of unblemished artistry who, should he stop carving calabashes, would still be perpetually honoured because the ones he has already woven are imperishable. His honours and plaudits at 70 have been richly earned. Born to parents of royal Ijebu descent, Adenuga did not move from the cradle to adulthood robed in garments of luxury. He had to dream his place in the world and fight for it with every fibre of his being. After his secondary school education at Ibadan Grammar School and his Higher School Certificate (HSC) programme at the Comprehensive High School, Aiyetoro, Adenuga actually worked as a taxi driver to help fund his university education at the Northwestern Oklahoma State University, United States, from where he proceeded to Pace University, New York, earning degrees in Business Administration. Yet Ibadan, the land described by JP Clark as “running splash of rust and gold”, holds a special place in his heart till today. From making his first million at age 26, selling lace and distributing soft drinks, founding Devcom Merchant Bank and Equitorial Trust Bank (ETB), both of which have now dissolved into Sterling Bank Plc, in his 30s; receiving an oil drilling licence in 1990 and, in 1991, having his Consolidated Oil strike oil in the shallow waters of Ondo State as the first indigenous oil company to do so in commercial quantities, Adenuga has come a long way. He was undeterred by the revocation of the conditional GSM licence given to him in 1999; he worked hard to secure a second one when the government held another auction in 2002, floating Globacom, the indigenous telecoms company that has acquired such a huge stake in the emotions, affection and daily existence of Nigerians. GSM telephony came to Nigeria on the heels of the return to civil rule as a bourgeois, elitist symbol but Adenuga took it straight to the doors of the downtrodden, those who for decades were mere statistics in government documents. He crashed the prohibitive price of the SIM card (above N30,000 at the time); the queues when he told Nigerians that they could own a SIM card for just N3000 was joyously long. Adenuga showed the masses that they, too, could own a GSM line. He further crashed the price to less than N1,000 and brought joy to many homes. Indeed, he is a major factor for the experience today where the SIM card is virtually free. At a time telecommunications companies were unwilling to charge per second, Adenuga damned the consequences and introduced per second billing to roaring applause by a deeply appreciative populace. His mantra was people, power and possibilities. And when the internet came, no less a personality than Mr. Adams Oshiomhole, ex- governor of Edo State, acknowledged his genius in bringing his home town Iyamho in Edo State, not discernible from the Nigerian map, right into the global digital space. That is actually a story millions of Nigerians can tell. Launched on August 29, 2003, Globacom, now in the Republic of Benin, Ghana and Côte d’Ivoire, has recorded so many landmarks, including championing per second billing and being the first company to implement 2.5 G and 3G networks in Nigeria; being the first to offer 4 G LTE, the first to offer Blackberry solutions and the first to launch submarine cable (GLO 1) providing efficient and fast broadband internet services. https://tribuneonlineng.com/mike-adenuga-at-70/ BidenDTrounced: |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by BidenDTrounced: 7:34pm On Apr 30, 2023 |
From every indication, the aim/objective of the West is to disintegrate and subjugate Russia. Now that they've seen the results of thier miscalculations, they're aimless and they're basically using the RUS-UKR crisis as a distraction to divert attention away from domestic failures. nazi ukraine has lost territory that is comparable to the size of some countries. The West has receded and declined. We're now in a multipolar world where the Yuan is an acceptable alternative to the dollar. Sanctions are impotent. The West has been unable to isolate Russia (the West still has embassies in Russia sef...they could communicate with Russia via Nigeria or cnn). The West has been unable to prevent trade between Russia and the relevant stakeholders (China and India). Denazify/Demilitarize Ukraine is making sure Ukraine is unable to be used as a launchpad to annihilate Russians/suppress Russian culture. Russia's stated goals and objectives has been attained. As a matter of "leaks", resources rich Africa was next on the Russian agenda. But thanks to the sacrifices of Jewlensky and the benevolent West, Russia is unable to invade Nigeria. Tinubu has traveled to ukraine to thank the nazi militant for fighting for our freedom. Nigeria has struck a defensive alliance with NATO (or a millitary agreement equivalent or superior to NATO)....lol jk The Nazi militants in Ukraine are similar to the Boko Haram insurgents in Nigeria. They're both terrorists. Ukrainian ammo train destroyed in counter insurgency operation A large supply of ammunition was destroyed in a strike near Kramatorsk, according to the Defense Ministry. Russian forces have destroyed a Ukrainian train carrying up to 200 tons of ammunition, Moscow’s Defense Ministry claimed on Sunday. The strike reportedly occurred in Russia’s Donetsk People’s Republic, near the city of Kramatorsk, which remains under Ukrainian control. The Russian military has also been actively targeting Ukrainian artillery units, the ministry spokesman, Lieutenant General Igor Konashenkov, announced during a media briefing. “Over the past 24 hours, tactical and army aviation, missile and artillery units of the Russian Armed Forces hit 82 Ukrainian artillery units at their firing positions, manpower and equipment in 115 areas,” Konashenkov stated. The attack on the train appears to the largest military gain of the day, but earlier Russian forces also claimed a strike on a command post of Ukraine’s 81st airborne brigade near the village of Belogorovka, in Lugansk People’s Republic. Over the past few days, both Russian and Ukrainian forces have been ramping up long-range strikes against each other. On Saturday, the Russian military took responsibility for the destruction of a major Ukrainian command center, responsible for operations of Kiev’s southern troops. The bombing was carried out with sea-based cruise missiles, according to Moscow. Earlier this week, the Russian military launched a major missile salvo at Ukraine, targeting multiple groupings of Ukrainian military reserves. The military said the strike was a success, and prevented the redeployment of reserves toward the front line. During the bombardment, a multi-story residential building was damaged in the Ukrainian city of Uman, with more than 20 civilians killed, according to Kiev. While it was not immediately clear what exactly hit the building, Ukrainian authorities have blamed Moscow for the incident. However, Kiev’s own troops have hit civilian targets in the country – and even beyond – with air defense projectiles on multiple occasions during the conflict, which has been raging since February 2022. Ukraine, meanwhile, has intensified the shelling of Russia’s border regions, including the city of Donetsk, which has been subjected to artillery and rocket attacks on an almost daily basis. On Friday the city endured a massive shelling, which destroyed and damaged multiple residential buildings and critical infrastructure, leaving at least nine civilians dead and over a dozen injured. Overnight, Kiev’s forces shelled the village of Suzemka in Russia’s Bryansk Region, killing at least four civilians according to the local Governor, Aleksandr Bogomaz. https://www.rt.com/russia/575569-ukrainian-ammo-train-destroyed/ BidenDTrounced: |
Re: Countries Worldwide Dump U.S Dollars, Embrace Russia & China Currencies (Photo) by BidenDTrounced: 1:03am On May 01, 2023 |
BidenDTrounced: |
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