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Is it safe to buy dollar now and keep as investment?

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Pounds
Posts: 78
Topic starter
(@pounds)
Estimable Member
Joined: 3 years ago

As the Naira keeps crashing, a million naira last year is worth less than half of it today. On the reverse a thousand dollars last year is now worth more than x2 the naira equivalent today.

I'm not sure if my question is necessary because the truth stares us in the face.

1 dollar is now about N1,300. OMG. :shocked:

I'll just buy dollar with my savings now and keep. It will appreciate more.

Safe investment. I'm out.


5 Replies
Elemu
Posts: 8
(@elemu)
Active Member
Joined: 2 years ago

I feel it makes sense. Earlier this year it was below 1k. Now we are talking of 1,300.

So, what are we saying? :money:


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Posts: 2
(@victorokwy)
New Member
Joined: 2 years ago

Yeah is good


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SparkleEze
Posts: 11
(@sparkleeze)
Active Member
Joined: 2 years ago

Very safe.


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Posts: 586
 B7
(@_b7_)
Honorable Member
Joined: 2 years ago

:thinking:


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