WHY AM MAKING MORE MOVES TO EARN IN DOLLARS
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Currently with the decline in value of the Nigerin currency and determine amount of inflation heating the economy right now it's probably the best time for many to find opportunities to earn in a foreign currencies such as the dollar.
They may not be a better time, I said the beginning of the year then 1 dollar was about 400 naira, right now one dollar is currently above $700 and it is estimated to be going towards 1000 Naira before the year ends.
Following this decline in value which the Naira is against the dollar there is also and inflation of prices as even goods and commodities and even the gas fees are on the high. with some further regulation in the prices across the country, many have found decent opportunity to escalate the full prices at the detriment of the people they serve.
The speculations that all of these are related as they can be relatable in the wind at the state of our country being an oil producing nation and having its refineries in other countries where it has to export and import for the usage of the country.
The high demand for the dollar has currently made this price inbalance to be surprisingly greater in recent days and this is only just beginning exept drastic measures are taken.
However I doubt any drastic measures being considered for now. The political atmosphere is mostly focused on campaigning for the forthcoming election in the next year and all hopes are high that that would be a transformation point for a lot of funny things going The happening. However when it comes to money and earning and living one has to be smart and be able to work away around the system.
Having a platform like Leofinance, Hive and splinterlands and other ways of making some money through the internet has definitely been a way out for many youths and some may not have found it yet. But we keep pushing to make more realise what they are missing on this platform especially.
Posted Using LeoFinance Beta
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How about investing into Gold in Nigeria @jaydr
Here is the situation.
If you mean getting processed gold and reselling your store in the value over time until when it appreciates and then reselling that's pretty good.
but if you are in plying investing in the mining industry then that's where the problem is.
In Nigeria, gold-producing States are mostly selfish of their gold and do not allow it to become a national resource that's because most of the focus is on oil.
This gets skewed when they say oil is for Nigeria but gold is for a particular state. That's sad.
The bureaucracy makes it hard to properly manage what we have.