5 dollars is 8000 naira ππππ #johnselephilip
Show More Show Less View Video Transcript
0:00
this is $5
0:04
us this is 500
0:09
naira and this is one Bob that is one
0:13
Kenya
0:14
Shillings
0:17
now this is five and this is 500 which
0:21
one is bigger guess between the two now
0:24
you will be shocked to discover that 5
0:27
Kon shs is equivalent to almost 800
0:31
8,000 naira as small as this look like
0:35
8,000
0:36
naira 500 Ken 500 naira is equivalent to
0:41
50 Kenyan
0:44
currency and this $5 is equivalent to
0:48
over $
0:50
800 naira and Kenyan shillings is one of
0:53
the strongest currency in
0:55
Africa just $5 is beating the Shing and
1:01
the naira down but the most pathetic
1:04
part of it is the Nigerian currency
1:07
Nigeria is the giant of Africa
1:11
economically
1:12
politically and population wise but it
1:16
is so surprising that the currency of
1:19
the giant of Africa is one of the most
1:22
weakest currency in Africa not even in
1:26
the entire planet but in Africa so $1 is
1:31
bigger than the highest note of Nigeria
1:34
and that is$ 1,000 now $1 is equivalent
1:37
is getting to about
1:40
1,500 naira so what is driving this
1:45
according to the Nigerian Central Bank
1:48
the Nigerian government of previous
1:50
leadership of Muhammed de bhari were
1:52
spending tons of billions every month to
1:56
sustain the naira during the last regime
1:59
Nigerians were buying dollar at
2:04
465 naira that means the government was
2:08
sustaining a fake Nira and the same goes
2:10
to the Kenya Kenya was a dollar was
2:13
equivalent to around 100 Kenya during
2:15
the ohuru regime but today $1 is
2:21
over7 Kenya Shillings today $1 is
2:25
equivalent to over 1,500 naira Nigerian
2:29
naira now Nigeria was maintaining a fake
2:32
currency Kenya was maintaining a fake
2:34
currency today the economy might be so
2:37
bad people might be in devastating
2:39
situation and these two countries are
2:41
facing
2:43
multi-dimensional poverty or
2:45
multi-dimensional levels of poverty some
2:48
are depending on a dollar to fit in a
2:51
day however what how can we grow these
2:55
two currencies that is the Nigerian n
2:57
and the kenyaan currency let's do a lot
2:59
of export
3:00
and let us
3:02
patronize made in Kenya and made in
3:05
Nigeria when you do that your currency
3:08
will become bigger than the dollar it
3:12
might be a dream but it can come true if
3:15
we invest in our own economy by buying
3:18
our M product and also export a lot God
3:24
bless you see
#Investing
#Currencies & Foreign Exchange
#Politics
#World News
