Which country is the poorest, its population in substandard living condition?
a) Egypt ( where $1 U.S. = Egyptian pound 30.85 )
b) Turkey ( Where $1 U.S. = 30.82 Turkish lira)
c) Kenya (Where $1 U.S. = 143.38 Kenyan
d) Eritrea (Where $1 U.S. = 15 Nakfa)
e) South Africa (Where $1 U.S. =19.26 South Africa)
Re: Which country is the poorest, its population in substandard living condition?
Where are you at, you shameless Ascaris still living in the stone ages
You can't even run your mouth about how singpooor you are because that white boy messed up your lies with his crucial videos your shi't'hole eritrea
Re: Which country is the poorest, its population in substandard living condition?
What the dollar domination in this case shows it does not necessarily relate to economic growth and improved well-being of the people. Eritrea has been an integrated into the global economy through meaningful export and import trade activity - the production of goods and services was very minimal to make or positively impact people life. Thus, there were no economic expansion that required intensive use of capital obtained either by positive trade of balance of long term loan. The reason why its dollar equivalency stayed at this level could largely attribute the legacy of the Derg era Birr value assumption continued to this date - meaning the monetary value of the economy of Eritrea was frozen where Derg left off. It rather a sign of unhealthy economy - a very low economic pulse rate.
Re: Which country is the poorest, its population in substandard living condition?
Abere wrote: ↑24 Feb 2024, 19:08What the dollar domination, in this case shows, it does not necessarily relate to economic growth and improved well-being of the people. Eritrea has NOT been integrated into the global economy through meaningful export and import trade activities - the production of goods and services was very minimal to positively impact peoples life. Thus, there were no economic expansion that required intensive use of capital obtained either by positive trade of balance or through long term loan. The reason why its dollar equivalency stayed at this level could largely attribute to the legacy of the Derg era Birr value assumptions continued to this date - meaning the monetary value of the economy of Eritrea was frozen where Derg left off. It is rather a sign of unhealthy economy - a very low economic pulse rate.
Re: Which country is the poorest, its population in substandard living condition?
The Singapore of East Africa is leading with a huge gap. Do numbers lie? Does strong currency mean strong poverty or is measure a starvation economy, like the saying goes starvation minimum wage, $15 hourly wage.
In system theory, the universe is the only closed system. This theory is no disproved by the HoA's Singapore with no import and export activities, positing to beat Dollar and be the next world currency
In system theory, the universe is the only closed system. This theory is no disproved by the HoA's Singapore with no import and export activities, positing to beat Dollar and be the next world currency
Abere wrote: ↑24 Feb 2024, 19:14
What the dollar domination, in this case shows, it does not necessarily relate to economic growth and improved well-being of the people. Eritrea has NOT been integrated into the global economy through meaningful export and import trade activities - the production of goods and services was very minimal to positively impact peoples life. Thus, there were no economic expansion that required intensive use of capital obtained either by positive trade of balance or through long term loan. The reason why its dollar equivalency stayed at this level could largely attribute to the legacy of the Derg era Birr value assumptions continued to this date - meaning the monetary value of the economy of Eritrea was frozen where Derg left off. It is rather a sign of unhealthy economy - a very low economic pulse rate.