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Nairaland Forum / Nairaland / General / Business / Dollar Wiil Always Be King (593 Views)
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Dollar Wiil Always Be King by ycat: 11:51pm On May 01, 2023 |
Never bet against the dollar! Never bet against America. While God owns every country, America is God's own country. It will get really bad but take off like a rocket ship in a short time later. The huge drive to dump the dollar must be worked out with smart people in charge. Kenya is leading east Africa to dump the dollar but will not share with these countries the $7 billion that Obama gave Kenya just before leaving office to act as a cushion from the blow of what is about to happen. Obama laid the foundation of all what "Biden" or his 3rd term is doing right now. African countries especially Nigeria must keep Naira alongside the west Africa currency they choose to introduce just like some European countries still have their currencies alongside Euro. In 1960 U$D was 45% of world reserves, it later went to 78% and now 60%. There's no real alternative to USD, not even bitcoin. Chinese RMB will never ger there, Euro is a no go area. 70% of world exports are in USD. Yes! Dollar is coming back even stronger and people who drop dollar now will sweat to get their hand on it. |
Re: Dollar Wiil Always Be King by Nobody: 11:55pm On May 01, 2023 |
Learn from what happened to Russia. Russia adopted Yuan a month ago and what happened? Ruble slumped! The USD is more than a currency. Even when in reality, it’s backed by nothing, the unintelligent fail to realize the institutions behind it. 1 Like
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Re: Dollar Wiil Always Be King by Real000: 12:03am On May 02, 2023 |
Ok |
Re: Dollar Wiil Always Be King by Pauldollars(m): 12:10am On May 02, 2023 |
As long as the nations of the World and financial institutions in the World make use of the dollar for estimates and transactions, it will continue to be the supreme currency for international trade 4 Likes |
Re: Dollar Wiil Always Be King by BloomingDale(f): 12:25am On May 02, 2023 |
ycat: Na wa o. So much passion. Are you an American citizen? 3 Likes |
Re: Dollar Wiil Always Be King by ycat: 12:58am On May 02, 2023 |
American citizenship is no longer what it used to be and you don't need to be one to say this and I don't see the passion in what I just said, it's just plain truth. BloomingDale: 6 Likes |
Re: Dollar Wiil Always Be King by MadamExcellency: 2:34am On May 02, 2023 |
SARSCoV2: And yet Alibaba, 1688 et al sell products in US dollars. Yuan don die? Even for China to allow Nigeria do business with her by exchanging Yuan and Naira, China no free. Who go trust China for money matters? 5 Likes |
Re: Dollar Wiil Always Be King by orisa37: 5:59am On May 02, 2023 |
AMERICA IS PATENT EUROPEAN BUT NIGERIA IS BOTH LATENT AND LATEST HUMANITY. |
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