In just ten years, the value of the Nara against the dollar has gone from $1 = 110 Naira, to $1 = 535 Naira on the parallel market. How did this happen? In this summary video we take a look at why paper currencies are always declining in value: why the Naira is just as susceptible, how the Naira actually compares with the dollar, and ultimately, we provide the fundamental reason why the Naira's value is always falling - all in 2 minutes.
In case you'd like a fuller understanding of how the Naira works, feel free to check out our 9+ minute video on the exact same topic.
.
"How Nigeria Works" is a project of The Umbrella Experiment
References and more resources on our website:
[ Ссылка ]
Other helpful resources on our social media platforms:
Instagram - @hownigeriaworks
Twitter - @hownigeriaworks
Don't forget to like, share and subscribe.
