Dollar don rise, even market women know this

in Project HOPE2 months ago

vector clip art 3.png

If you are not Nigerian and not knowledgeable of our pidgeon English, well this is Nigerian pidgeon English 101.

After using my bicycle for the first time to the market...saving about a dollar in the transport...I met the first person I was going to buy from.

I asked her for my usually powdered milk and chocolate-flavored malted powder that typically cost a little less than $4 and she said it was N2,100 and it was previously N2,200. At first, I thought she just wanted to give me a higher price because I did not know the price, and then she said, "dollar don rise".
I didn't bother to bargain the price anymore.

Well, for those who don't understand pidgeon, you should know what dollar and rise are, so the question is what is, what is don in this context?

Don is the verb to have in pigeon.

So "Dollar don rise" means the dollar has risen. A market woman told me this. Well, it didn't come as a surprise to me...I just wanted it to be out there.

She probably went to re-stalk from whole sellers who sell in the houses and they told her that the price had increased. They probably met the producers who said the same thing.

The producers also noticed the price of the nonreusable material for production went up particularly the ones that they import.

The ones that trade the material probably noticed the higher demand for the dollar or the reduced demand for the naira and wanted to make for that.

All this happened gradually. I remember scrolling through my Binance records from when I started using P2P to withdraw after that no crypto bank trading policy early in the year. It started somewhere at N430 early in the year to what it is now at N570 for a dollar.

So what's really true is not that the dollar increased...the naira is falling heavily to other currencies.

I saw a video of doctors protesting in Nigeria about the poor financial state of the country in the '90s...back then the doctors were protesting with cars...right now to afford a car you'd have to save all of your salaries throughout the year and what you get is not going to be so pretty.

Posted Using LeoFinance Beta

Sort:  

Omo, I no go lie u, d tin don tire pesin.
Imagine say even pure water wey been dey for 5N before don enter 20N. Na only Oluwa fit save pesin laidis oo.
But hope still dey shaa.

Baba I hail oo. Nothing do u

Thanks for stopping by oh...

I really sha can't wait to get out.

International passport sef don dey get k leg

The persistent rise of dollars to naira is really outrageous and it's affecting the prices of goods and services in our country. Causing inflation

Its very tiring...at this point $1 will be 6H for sure before the year ends

Coin Marketplace

STEEM 0.63
TRX 0.10
JST 0.075
BTC 57082.38
ETH 4617.29
BNB 625.27
SBD 7.16