Counting My Endless Financial Losses as we continue to buy countries our own fiat currency
Hello Hive
The story of how we got here as a country is really a sad one but the most disheartening ones are the fact that the way forward is very blurry, A very large country like this has no emergency approach to daring economic situations even if her people are dying and the abuse of power by the government and those in high places is at its peak and unquestionable by no human on earth. Our government are gods and not even the Worlds power has successfully interfered in their affairs.
Ever since I have gained knowledge of wrong and right, I have never seen the international body come to question the authorities of the corrupt leaders here, maybe it is not part of their jobs to meddle in the affairs of different country, I have no idea.
Yesterday I got pissed off after making several online transactions to settle some bills using my bank app.
The monies were deducted from my apps and not paid into the merchants account, showing a total failure of the banking sectors.
They have swallowed so many citizens funds under failed transactions, and we have to go queue in the banks for hours to fill form for the refund of those hanging monies.
The banks are not competent and ready for the cashless policies.
And the Scarcity of cash has made us to lose a whole lots of finances buying our fiats.
The fiats are expensive I must complain.
We are now buying a thousand (1000) naira with at least 200 naira that is 20% pay to buy our own currency.
Just imagine buying $2 with $0.40 cents.
We need fiat to buy the Cab men, they do not accept transfer
We need fiat to pay the vegetable seller, she does not have a bank account.
The list goes on and on, this is how much the country is really unprepared for the burden been laid on her and we are all suffering for this.
I started counting and lost count of how much money I have lost buying and trying to hold some cash for purchasing daily needs.
We cannot even tell if this will go better or worst.
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The situation is really grim. I hope things get better and not worst. Those who are in power should wake up from their delusional reality, things could easily get out of hand.
Our hope us slim but we are still holding on regardless.
Thanks for your constant engagements.
That's the spirit! They say things can change within a blink of an eye and I believe that. You're most welcome :)