It being a while I bounce on any challenge and it's also my first time registry my on this challenge,I think this is worth it ,not only telling the value of hbd in my hometown but also pointing out why hbd is the best stable coins right now in any cryptocurrency ecosystem
Judging from the value of one HBD that is equivalent to one dollar ,as at the time am writing this article one dollar to naira is equal to 480 in parallel market and 590 In black mark, which we all know it real deal ,10hbd is alot of values in naira , judging from continuous rising in inflation I will point out several ways 10-1000hbd have so many values and uses
Household
Continuous rising of inflation and over dependent on foreign good is Nigeria makes it hard for different household especially the civil servants because it increases the consumer price goods,I can tell you some household live on 10$ per week which means they live on 10 hbd ,my weekly subscription on data can Carter for some house old a week ,this is all because of inflation and government tax ,the value of 100 or 1000 hbd can Carter for more than 10 household in month
Goods and service
We have different prices base on the city we are in Nigeria because we have no consumer protection bodies,if there is any,I think is not functioning anymore,this brings the exploitation of the masses but this is not the main point
source
Different price depends on the type of goods , agriculture products is more cheaper in rural area in Nigeria and expensive in Urban area eg tomato, pepper, casava, banana and some other fruit while manufacturer product is less expensive in Urban area and more expensive in rural area this is due to cost of transportation and other charges
10hbd is enough to cook soup that will last for a week in my town , 10hbd is like 10$ which is also equivalent to #5000 this is enough,but I know this won't be enough to prepare a good soups in other part of the country,for example Lagos,Abuja
,this is because they are urban area ,and the demand for agriculture products is high and the cost of transporting this product also increase the price of the ingredients to prepare the soup
In terms of service in Nigeria,a minimum wages is #38000, is not up to 100$ which means is not up to 100hbd ,so paying level 10 government workers in hbd will be equivalent to 500hbd because I think level 10 government workers earn salary of #250k in Nigeria base on the profession anyway
So hbd have a higher value base on the difference area in Nigeria and different things you are going to purchase ,some are working hard in rural area and earning small amount of money while some work little and earn big in return
And I pray the team behind hbd won't make bringing more ideas and will keep promoting hbd and hive till hbd is acceptable as payment for Transaction all around the globe
I know the time might have laps for writing this challenge but still I think it worth writing on
Thanks for reading
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Things have really changed in Nigeria. The prices of commodities are too high yet income remain the same.
Yeah ,too many struggle that bring little return, inflation is on high end
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Same here! 10HBD is more than enough for me to make a soup that would last me for a week since I'm all by myself alone.. I'm sure in future years to come I will be needing more than just 10HBD to make my meals cus of the high inflation of goods that happens almost everyday in my country😕
Yes 10hbd is enough to make more transaction in so many country ,I hope it accepted globally soon
I hope so too!
For a week, where are you staying, lemme move because here in Bayelsa, that is impossible.
Lol ,am in ondo state,
Ohhh yeah, things are cheaper there.