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Home» Questions»Q 83548
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Allison
AllisonKnowledge Seeker
Asked: September 4, 20232023-09-04T17:52:44+00:00 2023-09-04T17:52:44+00:00In: Money & Business

Earning in naira or dollar, which one is the best.

There’s a reason why so many people prefer making money online. Maybe it’s because of the payment method. Which is your best? Naira or dollar?

dollarmake moneynaira
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4 Answers

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  1. JAYBEE
    JAYBEE Active Contributor It's only gonna get better ✅
    2023-09-04T18:07:55+00:00Added an answer on September 4, 2023 at 6:07 pm

    Me personally, i prefer earning in dollars. Why? Earning in a stable currency like the US Dollar can protect you from inflation and currency devaluation, which can be a concern in some countries with less stable currencies like the Nigerian Naira. I prefer earning in dollars because in a country wheRead more

    Me personally, i prefer earning in dollars. Why? Earning in a stable currency like the US Dollar can protect you from inflation and currency devaluation, which can be a concern in some countries with less stable currencies like the Nigerian Naira.

    I prefer earning in dollars because in a country where the cost of living is low, you may have a higher standard of living

    It’s essential to assess your individual circumstances and financial goals to determine whether earning in Naira or Dollars is best for you.

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  2. Eminado
    Eminado Active Contributor
    2023-09-04T17:58:11+00:00Added an answer on September 4, 2023 at 5:58 pm

    I think the choice between the two currency Dollars and Naira depends on various factors such as your personal financial goals, where you live, your expenses and money value The stability of the currency you earn in is crucial, the US Dollar is generally considered more stable than the Nigerian NairRead more

    I think the choice between the two currency Dollars and Naira depends on various factors such as your personal financial goals, where you live, your expenses and money value

    The stability of the currency you earn in is crucial, the US Dollar is generally considered more stable than the Nigerian Naira, which has experienced significant fluctuations and devaluation in the past.

    So I prefer earning in Dollar than naira.

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  3. Ahmedo24
    Ahmedo24 Newcomer
    2023-09-04T20:31:06+00:00Added an answer on September 4, 2023 at 8:31 pm

    Both options are good one and subjective. Most earning platforms reward their members using the dollar currency because it is the universal currency. However, if a platform wish to pay in Naira and you feel it is best or convenient for you, you can opt for it. More the strength of naira to dollar isRead more

    Both options are good one and subjective. Most earning platforms reward their members using the dollar currency because it is the universal currency. However, if a platform wish to pay in Naira and you feel it is best or convenient for you, you can opt for it. More the strength of naira to dollar is another  factor that can influence your decision on the best option to choose in receiving payment for your earnings .

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  4. Emmyty
    Emmyty Trusted Adviser Entrepreneur
    2023-09-04T17:58:33+00:00Added an answer on September 4, 2023 at 5:58 pm

    The best currency for earning depends on various factors such as the location, job market, and personal circumstances. Earning in Naira might be more suitable for individuals based in Nigeria, as it is the national currency and easier to manage daily expenses. On the other hand, earning in dollars cRead more

    The best currency for earning depends on various factors such as the location, job market, and personal circumstances. Earning in Naira might be more suitable for individuals based in Nigeria, as it is the national currency and easier to manage daily expenses. On the other hand, earning in dollars can offer advantages like stability and potential for higher value, especially for those who travel frequently or have international financial commitments. Ultimately, the decision should be based on your needs and opportunities available in the chosen currency.

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