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Nairaland Forum / Nairaland / General / Business / When The Naira Was Stronger Than US Dollar (Throwback) (48066 Views)
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Re: When The Naira Was Stronger Than US Dollar (Throwback) by 8stargeneral: 8:19am On Aug 28, 2018 |
Our leaders destroying d country right from ages ![]() ![]() |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by Nobody: 8:20am On Aug 28, 2018 |
wirinet: you are talking out of ignorance, please educate yourself on the 1st (1962-68) ,2nd (70-74) and 3rd (75-80) national development plans and find out under whose watch we abandoned national development plans and commenced haphazard development. |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by Nobody: 8:20am On Aug 28, 2018 |
A strong currency does not necessarily mean a strong economy. It can make sense for an economy to have a weak currency. I personally believe a country like Nigeria does not need a strong Naira, provided it gets to full production capacity. |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by neonly: 8:21am On Aug 28, 2018 |
selemempe: 2 Likes
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Re: When The Naira Was Stronger Than US Dollar (Throwback) by nnokwa042(m): 8:23am On Aug 28, 2018 |
Ever8054:like 3 tom tom |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by madridsta007(m): 8:24am On Aug 28, 2018 |
abokibuhari: Lol. Lifeless is worse than “clueless.” |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by Born2Breed(f): 8:24am On Aug 28, 2018 |
scnonline: The military destroyed everything in Nigeria. |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by oneclickng: 8:24am On Aug 28, 2018 |
Sirjamo:MUGU |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by Chimaobison(m): 8:30am On Aug 28, 2018 |
this is so heartening, within a year, the exchange rate was something else, 1$=400,last year |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by KaptainAfrika: 8:32am On Aug 28, 2018 |
Woah what a strong CUMback, from someone that was still a CUM in his father's BALLS in 1983 to 1985. abokibuhari: |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by dona2us(m): 8:32am On Aug 28, 2018 |
I remember when my PTA Levy was #5 check out the difference now. |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by jidxin(m): 8:37am On Aug 28, 2018 |
Ever8054:at least biscuit was 5 naira then....... Your a whole lot of things could mean confectionary of N1 each |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by bewla(m): 8:42am On Aug 28, 2018 |
abokibuhari:Am sorry o who they think for u |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by LucemFerre: 8:42am On Aug 28, 2018 |
I'm I the only one who feel like crying? 1 Like |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by Jaymaxxy(m): 8:43am On Aug 28, 2018 |
Invariably, Babangida killed Naira. |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by KingGBsky(m): 8:46am On Aug 28, 2018 |
Take a look at it it started declining during the time of Buhari 1984/85 |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by Iykenuwa(m): 8:53am On Aug 28, 2018 |
Sirjamo: At least, no one here will have the inglorious infamy of throwing Nigeria into recession twice in one lifetime. Lifelessness is how we get zombies 1 Like 1 Share |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by wirinet(m): 8:56am On Aug 28, 2018 |
4Play: False. Monetary policy in isolation to developmental infrastructure is useless. The only monetary policy that is important is one that aids physical development, and physical development is impossible without infrastructural development. Monetary policy without physical development is like a ponzi scheme, you just bounce money around until the system crashes, making very few people rich but majority poor. Think about it, when the colonialist came, the very first thing they built was physical infrastructure (that aid their own developmental needs, which is export of raw materials to home country) ie, rail, roads and ports. This was what made kano the hub of groundnut, enugu the hub of coal and sapele the hub of timber. |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by Jerrypolo(m): 9:03am On Aug 28, 2018 |
hernandson: You failed to get the message primarily due to lack of punctuations. I initially thought same too. When he took 5naira to school was a very different time from his "grandfather's" time. Probably by 30 or more years. |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by israelmao(m): 9:04am On Aug 28, 2018 |
Back to our root,let's look at those thing that they were doing then that we are no longer doing now. |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by RexTramadol1: 9:06am On Aug 28, 2018 |
Sirjamo: Treat urslf bfr forming doc Na bros Dem dey call u oh......... Ur own family don bcom Local Govt chairman bfr? |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by Crossboy(m): 9:07am On Aug 28, 2018 |
DoyenExchange:Yes |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by officialfestus(m): 9:07am On Aug 28, 2018 |
blackpanda:indomie generation |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by Ugosample(m): 9:08am On Aug 28, 2018 |
4Play: At last, somebody with sense |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by Amberon11: 9:09am On Aug 28, 2018 |
Look at this one, houseboy and house girl...how is that an issue? Have you talked about the almajiris in the north? Or the beggars littered all over the west? It was in the west I saw that small kids of less than 10 are already being made apprentices at workshops. That right there is child labour. Those houseboys and girls you see now go to school or learn a trade unlike the almajiris in the north who are a menace to the society. zomby: |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by israelmao(m): 9:10am On Aug 28, 2018 |
neonly: Who gave the right to make some people lifeless with your comment. |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by israelmao(m): 9:10am On Aug 28, 2018 |
neonly: Who gave the right to make some people lifeless uith your comment? |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by anonymous1759(m): 9:10am On Aug 28, 2018 |
[quote author=Sirjamo post=70670828] He has achieved more in life than you can ever dream of in 300 life times, you and your likes are just wasting away online abusing someone who was your parents president and return again to be your president, maybe one day, his son will be your children president.[/quote did you make any sense? tribalism has eaten deep in your brain...i don't give a Bleep about any tribe or religion. the truth of the matter is that our past leaders from 80's till 2018 destroyed our nation irrespective of the tribe or religion. you can barely see an igbo man vote for a yoruba man or hausa man even if they're confident of him doing the job, they'll likely vote for a fellow igbo who's capable of looting them. same goes for all the tribes. I'd an encounter with a coblar few weeks ago when I asked him is choice of candidate he told me I already know (Buhari) he said he's going to travel all the way from Anambra to the North. I looked at him and smiled looking at his condition he has been a coblar for over 3yrs when his brother became president his condition didn't change he's still going to vote him for another 4yrs just because he's hausa. tribalism is our major problem. if we can't unite and vote without sentiments let's devide and go our separate ways...this issue of zonning is shit, I heard tinubi is targeting 2023...another recycled leader I'm still wondering if we find ourselves a credible leader we'll still be compelled to vote to thier preferred candidate it's alarming, all the pdp candidate are same thing too. if division will end tribalism I pray for God to let it happen in peace. the killings will reduce drastically, fulani herdsmen, bandict, bokoharam etc... because they'll be restriction of movement you can come into someone's land and invade it. I'm niether igbo, hausa or yoruba. I just said my mind 1 Like |
Re: When The Naira Was Stronger Than US Dollar (Throwback) by Ugosample(m): 9:13am On Aug 28, 2018 |
LoJ: Japan and South Korea are developed economies, and are where Nigeria will not be in 50 years today Yet their currencies are weak 1 Like 1 Share |
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