Nigerians our money is falling ooo.The new Ghana currency is now higher then Nigeria currency.What is happening

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1 new Ghanian's currency is N117

1 US currency = (bid) N116.970 or (ask) N121.070 based on OANDA customizable currency converter site.

uspry1:

1 US currency = (bid) N116.970 or (ask) N121.070 based on OANDA customizable currency converter site.

uspry1 i was talking about the Ghana currency not US currency

@udezij, Ghana already changed new currency renumeration on Dec 2006(i think correct date) to replace old currency they stop use anymore, that way Ghana can exchange currency for UK and US more easier than before.

Nigeria will not do this renumeration something like that, in the future they will---i don't know when

That means the Ghana currency is now equal to the pound currency

Have you check with exchange currency for Ghana and British pound? What about Nigeria and British pound?

oh rily . . .

i dnt think nigerian currency is falling that much, i jst think ghanians change the name of the money e.g 1000000 cds will now be 10cds or perhaps the value of their money is rising

Ghana re-denominated its cedi. 10,000 cedis is now 1 Ghana Cedi.

See http://www.ghanacedi.gov.gh/ for more info.

Nigeria's currency is not falling, it has been appreciating for the past 3 years.

If it weren't for inflation over the years, Nigeria's currency would probably be stronger than the US dollar today. Nigeria's currency isn't falling, it's value is increasing.