IT'S WORTH READING...
IN CASE YOU DON'T UNDERSTAND.I guess that most of us don't know the meaning of Nigeria dollars, Yuan swap with China.. And why American government is desperately smoothing the relationship with Nigeria.
Soon you will be buying that techno phone you bought at N80,000 for N12,000.Could this be why the oppositions haven't said anything about it.
The Central Bank of Nigeria has finally signed the currency swap deal we have long been expecting for the past 2 years into existence with the Chinese government.
The importance of this is that since almost 70% of the goods we import come from China and Asia and 12% America why must we use Dollars to transact with China? From now instead of using dollars at N350 to 1dollar to import those goods, we can now buy Yuan at 47 naira to 1 Yuan and import those stuffs directly.
Instead of buying these goods in dollars in China, we will now buy them in Yuan which is 5times cheaper than dollars.
As usual, another giant stride which Print Media, Electronic Media and Nigerian looters will not report or allow you to understand this victory over supremacy of dollars in our daily lives and economic activities.
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STOPHi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://www.nairalovers.com/all-you-need-to-know-about-the-proposed-currency-swap-with-china/
Hmmm! This is interesting! Hope it works out like this... It'll make things much easier for tech guys like us!
hopefully, fingers crossed for the actualization
Illuminating.... thanks @azenne