I will say I love your entry on this subject matter @ksam. Keep it up
For me, I will say Despite the Money Printing Machines. Money will still not have any value, if not invested.
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I will say I love your entry on this subject matter @ksam. Keep it up
For me, I will say Despite the Money Printing Machines. Money will still not have any value, if not invested.
This is so true!
Investments and trade (international) go a long way to increase the value of currencies.
#threadstorm
True
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
... and less supply, then we will see a rise in the valuation of that currency.
The value will appreciate to the favour of the currency.
I like the way you reason these matters.
I love the fact that you pointed out the less supply thing. It's a way of wasting money, and devaluating the countries currency.
One Major thing Nigeria is suffering from is the lack of Identifying problems, and analysing these problems to derive solutions, and this is caused my the self-centred nature of the so-called leaders in position.
Which is why we need a Youth for a leader, a person who thinks about the people and not just some old hags parading themselves as politicians, when they nearly know what the term politics is.
We need someone who can think out of the box, and transparent to the core, and more accountable.