When these currencies become well sought after by trade partners, both within the country and outside the country, then it will create huge demand for the currency.
In the same when, when the said currency has huge demand....
When these currencies become well sought after by trade partners, both within the country and outside the country, then it will create huge demand for the currency.
In the same when, when the said currency has huge demand....
You get the gist. Americans understand the logic of investment and that is why dollar keeps rising above Naira.
Until our leaders understand the concept of Time Value of Money, Nigeria will keep borrowing, not because they are poor, but because they lack basic understanding of investment and return of investments