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Should You Save Foreign Currency Rather Than Saving Local Currency?
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[QUOTE="Shigobad2020, post: 256335, member: 30251"] In my own point of view and with my own experience , saving either local currency of saving in dollars really depend on the economic condition and situation of your country and how your country currency is being valued in the world . Using my country currency as an example some years back the price of just $1 to naira was around #200 but the price started increasing due to the bad econmoic condition of the country and when their was inflation in the country back then , the price of dollar quickly rises and our currency started getting devalued. But starting from January 2022, the price of $1 started with #415 Nigerian money and it keeps increasing , around March it was #419 and currently it was #419 per dollar , So , in my own opinion I will prefer saving my money in dollars because I know the price of my currency money cannot be reaches the price of dollar. [/QUOTE]
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Should You Save Foreign Currency Rather Than Saving Local Currency?
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