SWEET BEANS Priced Hiked up in the village market, rising from 800 to 1,200 due to currency exchange
SWEET BEANS Priced Hiked up in the village market, rising from 800 to 1,200 due to currency exchange
The news that is coming to us now, has confirmed that today there has been an increase in agricultural products as a result of currency exchange.
A representative of the Amintacciya newspaper reported that before today, beans were sold for 800 nairas but now it has gone back to 1200 because everyone wants to get rid of the old money.
Our representative saw how the money goes to the market where agricultural products are sold.
Now, if you come up with a market opportunity, try to allocate it, to give you the money that is 1000, 500, 200.
Even the rural people are confused because not everyone is bringing products to sell in the market because they should not be given the money so they don't use it.
Inventory was low as buyers flooded the market, with cash in hand, as they were willing to hand over Old Money to suppliers to avoid losses.
Our representative told us that the suppliers have already become the king's children, while they are being asked to sell the goods, some are refusing to accept the old money while others are returning it home.