Legit.ng on Nostr: "Dollar is down": Man stirs debate over strong local currency but high prices ...
"Dollar is down": Man stirs debate over strong local currency but high prices
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A man in Nigeria expressed his displeasure over the rising cost of living despite the local currency gaining against the US dollar. He listed the prices of various commodities, such as turkey, gas, pure water, eggs, and indomie, which have not reduced despite the depreciation of the dollar. Social media users responded with mixed opinions, with some pointing out that not everything is tied to the exchange rate and that other factors like logistics and fuel prices also affect prices. In Kenya, the strength of the shilling has led to a reduction in the prices of items. The Energy and Petroleum Regulatory Authority revised the prices of super petrol, diesel, and kerosene. The man's post sparked a debate about the impact of the exchange rate on prices and the need for government intervention.
#ExchangeRate #CostOfLiving #LocalCurrency #UsDollar #Prices #Commodities #Nigeria #Kenya
https://www.legit.ng/people/1588091-bag-pure-water-n500-12kg-gas-n18k-man-annoyed-rising-cost-naira-n10001/
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A man in Nigeria expressed his displeasure over the rising cost of living despite the local currency gaining against the US dollar. He listed the prices of various commodities, such as turkey, gas, pure water, eggs, and indomie, which have not reduced despite the depreciation of the dollar. Social media users responded with mixed opinions, with some pointing out that not everything is tied to the exchange rate and that other factors like logistics and fuel prices also affect prices. In Kenya, the strength of the shilling has led to a reduction in the prices of items. The Energy and Petroleum Regulatory Authority revised the prices of super petrol, diesel, and kerosene. The man's post sparked a debate about the impact of the exchange rate on prices and the need for government intervention.
#ExchangeRate #CostOfLiving #LocalCurrency #UsDollar #Prices #Commodities #Nigeria #Kenya
https://www.legit.ng/people/1588091-bag-pure-water-n500-12kg-gas-n18k-man-annoyed-rising-cost-naira-n10001/