Farida on Nostr: “For those of us in the Global majority, where currencies routinely collapse, labor ...
“For those of us in the Global majority, where currencies routinely collapse, labor is devalued, and entire nations are trapped in the cycle of debt slavery, Bitcoin’s role as a lifeline is not a fantasy: it is a daily reality(…)
In Africa, over the past two years, the impact has been especially severe, with over half of the continent’s 46 currencies depreciating by as much as 40% against the U.S dollar. This year, Nigeria, Africa’s largest economy has seen its currency“The Naira” lose over 82% of its value, against the U.S dollar plunging from ₦896 in January to ₦1,635 by mid-October.
In Africa, over the past two years, the impact has been especially severe, with over half of the continent’s 46 currencies depreciating by as much as 40% against the U.S dollar. This year, Nigeria, Africa’s largest economy has seen its currency“The Naira” lose over 82% of its value, against the U.S dollar plunging from ₦896 in January to ₦1,635 by mid-October.