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Top 10 Weakest Currencies In The World 2017 - Business (5) - Nairaland

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Re: Top 10 Weakest Currencies In The World 2017 by SNOWCREAM(m): 12:52pm On Mar 26, 2017
Genea:
Felt a relief not seeing Nigeria on the list embarassed
haba, Nigeria can't be in the top 30 worst sef
Re: Top 10 Weakest Currencies In The World 2017 by Iamdmentor1(m): 12:55pm On Mar 26, 2017
This list is incomplete. Zimbabwean currency is exchanged at 30 quadrillion to a dollar.
Re: Top 10 Weakest Currencies In The World 2017 by redsun(m): 1:28pm On Mar 26, 2017
That is where Nigeria is heading.All these ones they are doing to stop the depreciation of naira are just dying men fight. Any country that can not keep up with the flow of 21st century force is bound for the black hole.
Re: Top 10 Weakest Currencies In The World 2017 by chakula: 3:08pm On Mar 26, 2017
dingbang:
But isn't the naira getting weaker and weaker everyday? We are just getting nearer to the list

Negative comment! Huh.
Re: Top 10 Weakest Currencies In The World 2017 by Nobody: 3:13pm On Mar 26, 2017
[b][/b] wat abt zimbabwe
Re: Top 10 Weakest Currencies In The World 2017 by xjiggy: 3:34pm On Mar 26, 2017
Oga, wey Zimbabwean Dollars? Na one full wheelbarrow to a US Dollar ooo
Re: Top 10 Weakest Currencies In The World 2017 by Caseless: 4:37pm On Mar 26, 2017
Kathmandu:
Some countries like Vietnam allow their currencies to have a low exchange rate to boost their export.



Check Japanese and Chinese exchange rate to the dollar and your mouth will be agape for 45minutes
then why you blind enemies of Nigeria supporting devaluation when we are actually not exporting anything other than oil?
Re: Top 10 Weakest Currencies In The World 2017 by Caseless: 4:41pm On Mar 26, 2017
Kathmandu:
Iran economy is still miles ahead of Nigeria economy.


Iranian Army will do a walkover on Nigeria Army
if you're smart enough, you'd know that north Korea has one of the strongest military in the world. How good is their currency and economy? Check the success of our military in terms of peace keeping and personnel strength, we are kings in our own right. Abi Na airpower u de use judge alone?
Re: Top 10 Weakest Currencies In The World 2017 by 8701mayor: 6:40pm On Mar 26, 2017
There's absolutely nothing more the appreciation of naira against the USD will give our economy "at the moment" aside national ego.

Note the phrase " at the moment "

appreciation of naira will only increase our import demand, this is because as naira value increases, our foreign goods become relatively cheaper, and knowing fully well, Nigerian's taste for foreign goods!


The resultant implications are
(1) it will fight against the campaign of patronising made in Nigeria goods, as our imports will increase stupendously.
(2) it will kill or as it were, gradually eliminate our domestic import competing industries.

And we should know, for a net export economy like Nigeria, there's no way the appreciation of naira can benefit us,... You asked why? Simple! As the naira appreciates, our exports become expensive, foreigners will demand less for our goods, and for us, import becomes cheaper. So it will be that demand for our local goods will fall, yl demand for foreign goods will increase.

Now the Asian Tigers have realised this, and they have bn deliberately keeping their currency low against the USD. China was accused specifically last yr for deliberately keeping thier currency low against the dollar
Re: Top 10 Weakest Currencies In The World 2017 by Nobody: 7:17pm On Mar 26, 2017
anotherydz:
You see! We are still fine in Nigeria not that I'm embracing mediocrity but we Nigerians are the ones frustrating our efforts. South Korea is better economic-wise than Nigeria yet they have a weak currency. $1 - 1117won.
That's leadership!
We need good leadership and reoriented people to be led.
You have a weak understanding of a currency strength and value.
Re: Top 10 Weakest Currencies In The World 2017 by Nobody: 7:42pm On Mar 26, 2017
c733d:
You have a weak understanding of a currency strength and value.
Thanks. I'll work on it. Are you fine now?undecided
Re: Top 10 Weakest Currencies In The World 2017 by centboy123456(m): 7:51pm On Mar 26, 2017
ugsams:


I have been in Iran and from my experience back then I think life is easier and better over there when compared to Nigeria. Despite the western ban and limitations they were still doing fine. Iran is the only country where I have felt like a celebrity for just being a black man.




re u serious u mean they like black men

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Re: Top 10 Weakest Currencies In The World 2017 by proddey(m): 2:49am On Mar 27, 2017
A weak currency doesn't necessarily signify a weak economy. There are some strong economies that have very weak currencies when compared to the dollar.

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