In the year 2015
1. International monetary fund (IMF) offered Nigeria & Argentina a loan
Argentina received $50bn from IMF
PMB declined.
2. IMF ask Nigeria & Argentina to devalue their currency.
Argentina devalued their currency by 566%.
3. IMF ask Nigeria & Argentina to stop defending their currency.
Argentina stop defending their currency through their central bank
CBN defend our currency & put dollar withdrawal limit to $1000 monthly. That was when some foreign students rain
TODAY:
Argentina can't pay the $50bn they borrowed from IMF.
Nigeria has ZERO debt from IMF.
Today inflation (cost of goods) in Argentina is 54.3%
Inflation in Nigeria is 11.24%
Argentina now put monthly dollar withdrawal limit to $200. Nigeria now lift it's
Nigeria is heading towards the right direction and am proud to be part of this Evolution.
Abubakar Umar