Nigerian Currency Recovers Versus US Dollar — Central Bank Says Importers Must Repatriate Forex Earnings
After touching a new all-time low of N710 per dollar in late July, a new report says the Nigerian currency has rebounded by as much as 10%. After initially blaming speculators, the Central Bank of Nigeria has said importers who fail to remit forex earnings may be contributing to the naira’s depreciation.Less than two weeks after it tumbled to a new all-time low, the Nigerian currency recovered against the U.S.
Still safer and better to use crypto and stab;écoins like USDT
Interesting how did they manage to do that
Bitcoin only has value till US dollar has its. It is just a pönzi which has no real value of its own. USD is still better than btc as it atleast gets printed whereas btc is an invisible speculative saviour which is just invented to make the rich richer. 🤘☯️🤘
man fiat is beyond saving. 'Savers are losers'-Kiyosaki, and cash is always a liability never an asset. The system is rigged lmao. We need crypto and decentralization. Been investing in DAOs like bitDAO, and seeing the future slowly head in that direction
Well our selfish government leaders looting dollars and burying them somewhere instead of it circulating into the Nigeria economy also contributes to the pressure against naira
Do not fear Bitcoin bear markets. They lead to accumulation phases of a lifetime. The only trick is to just stick around no matter how bad it gets If you aren’t following Bnb_7h you should be. There aren’t many who have a better understanding of value investing, great TA
How come the mediaa ain’t talkingg about this?
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