Hello Venturer,It's the weekend again and you're bound to have some plans. Yours could be outside, but as for me, I'm staying indoors. In any case, we'll both spend some money this weekend, no matter how little. I think the term 'little' is ill-suited in this situation because the price of everything except the air we breathe has skyrocketed. Truly, adulthood na scam.The Naira attained an infamous status last month, falling to its lowest point in history, trading for N720 per $1. Indeed, its unpredictability has turned many Nigerians into economists. There are speculations that N1000 could trade for $1 before the end of the year if the economic outlook does not improve. Meanwhile, in East Africa, there is a spotlight on the Zambian Kwacha. Unlike Nigeria, it is for a good reason. The Kwacha is now the world’s second-best performing currency and the 6th most powerful currency in Africa. Surprisingly, the Kwacha was one of the worst-performing currencies in 2020. Hopefully, this would be the Naira's tale in a few years.Adekunle AgbetiloyeStaff Writer
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A tale of two currencies💴
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Hello Venturer,It's the weekend again and you're bound to have some plans. Yours could be outside, but as for me, I'm staying indoors. In any case, we'll both spend some money this weekend, no matter how little. I think the term 'little' is ill-suited in this situation because the price of everything except the air we breathe has skyrocketed. Truly, adulthood na scam.The Naira attained an infamous status last month, falling to its lowest point in history, trading for N720 per $1. Indeed, its unpredictability has turned many Nigerians into economists. There are speculations that N1000 could trade for $1 before the end of the year if the economic outlook does not improve. Meanwhile, in East Africa, there is a spotlight on the Zambian Kwacha. Unlike Nigeria, it is for a good reason. The Kwacha is now the world’s second-best performing currency and the 6th most powerful currency in Africa. Surprisingly, the Kwacha was one of the worst-performing currencies in 2020. Hopefully, this would be the Naira's tale in a few years.Adekunle AgbetiloyeStaff Writer