Leo Challenge: The real value of HBD in my hometown

in #hive-1679222 years ago

The value of HBD is great in my hometown, HBD hold a greater value and hive platform in general is performing and climbing to the ladder of success, 10 HBD can buy a lot of items for an average Nigerian man, converting 10 HBD to our Nigerian curenecy, we would get Five Thousand Naira (5,800), while 1000 HBD is almost Five Hundred and eighty Thousand naira (580,000) that amount can greatly buy a plot of land In some parts of the country, especially in my hometown, but the high prices of goods and services now in the market, can really makes one to Start scratching his head, unless one hold a greater number of HBD, for instance, here was the photos I took earlier today on a visit to a supermarket, looking closely into the photos, one would understand that, goods are more higher in price this days.

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The reason for the high prices of goods and services in the market, may be as some people beliefs, that prices of goods and services hike as a result of the sit at home, we observed in the covid 19 period, this makes us to be a liability to ourselves and this came to shows as a result of high in prices of goods and services, although I still do not believe this statement to be true, it is what some people's belief, and I understand that, they also have their reasons for believing in this statement.

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Taking a look at this product, that was sold at the price of five hundred naira #500, some months ago, is now been sold in a price higher than five hundred naira, which is somewhat equivalent to 1.1 HBD, would I say, almost everything is going up?, I think if I Said so, I may be right to some extent, because it is true, most prices of goods has change and they are making their way up.

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As at yesterday evening, I went to buy fuel at the filling station, would I say, the price of fuel here in Nigeria, are still the same?, No! they is a lot change in the price of fuel, now the fuel price is one hundred and ninety two naira, the price of fuel has rise and if exchange with one HBD, it would be equals to three litres of fuel but I could still remember when the price of fuel was sold at one hundred naira a litre and if it was to be exchange back then with one HBD, it only means, one HBD could have given us, five and a half litres of fuel.

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Checking from the fuel price and the prices of goods in the supermarket, it is true that, goods and services are rising but on the other hand, HBD still holds it value and the current price of HBD is awesome, because having a greater number of HBD in your savings, can as well get us to our height.

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Great to see your post and see the differences around the world.
Also here I noticed the price of everything is going up lately on groceries or even less inside a package with the same price.

Crazy world…
Take care and have a great day!

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The high price is what we are facing here also, I guess it was written and this times we have to face it and see to some positive side, hope for the best and put more effort to our businesses and our projects as ever, I am sure with time, we would evercome the hike in prices.

Thank you for your comments 🤗

You are welcome @repayme4568 😊

Yes, in time I hope it changes and we are adapted to a better world.
We can work on it today to try to change our future.
Focus on our business and make it grow.

Have a great day ☀️

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This is awesome 🤗
Well said, much love 🥰, Cheers 🥂

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Cheers 🥂 and take care!
Much love 🥰

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Thanks

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You are welcome 😎

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💖💖

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I guess the same thing is happening all around the globe. Prices of everything have gone up, doubled at most. 1HBD couldn't buy a liter of gas or petrol any more.

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It really hurt me too, seeing prices of goods and services going up each and everyday.

Thank you for your comments

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Yes, it makes me wonder how far will this keep happening.

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I wish it stop and we see again a favorable price

We sure hope so. It gets hard to budget nowadays, lol!

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Economic problems around the world continue to grow and inflation is on the rise. This is reflected in every product around the world as a raise. The global economy is really getting worse and it seems logical to me to increase my HBD assets.

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Increasing your HDB is a way too good which would indeed save one from the economy downturn, HBD value is great and like I am seeing, it may be more booming than what we see in the future, so the race start.

Thank you for your comments 🤗

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I think the fixed interest rate may increase a little more in the future. But HBD won't stray far from around $1 because it's a stablecoin. Getting high passive income from a stablecoin is pretty awesome.

You're welcome. Thank you for your post.

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I appreciate, thank you 🤗

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Is that extract lotion? So they already reached Nigeria..

Yeah is "extract lotion, it is here in Nigeria.

Thank you for your comments.

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