HWe hope it works as explained. My only concern is the explanaion on the exchange rate. The fact that Yuan trade less than dollar does not justify the equivalence created in the post above.
If 1 yuan = N60 , $1=N500. It means with 1 dollar you can about 8 yuan worth of item. The beautiful thing, however, is the fact that demand for dollar will reduce which will improve the exchange rate of dollars to Naira. I may be wrong with my analysis, therefore, open to correction. Thanks
HWe hope it works as explained. My only concern is the explanaion on the exchange rate. The fact that Yuan trade less than dollar does not justify the equivalence created in the post above. If 1 yuan = N60 , $1=N500. It means with 1 dollar you can about 8 yuan worth of item. The beautiful thing, however, is the fact that demand for dollar will reduce which will improve the exchange rate of dollars to Naira. I may be wrong with my analysis, therefore, open to correction. Thanks