olaniyi0:
chai! naija don suffer and sum1 will be saying naija na giant of africa, smh.

Don't be decieved.

Purchasing power of the currency is the KOKO.

DjAndroid:
All these indomie generation kids shouting Ghana cedis upandan, we have discussed what Ghana did to their cedis to make it look valuable when in actual sense, it's not. That was when Charles Soludo was the our CBN governor. Read! read! read!

Please I would want you to enlighten me more on this. Thanks

Nigeria giant of Africa from behind

Who strong currency help?

Nigeria is still richer than Ghana on GDP per capita basis.

South Korea and Japan have much better economies than all these countries on this list yet their currency is very low in nominal value terms.

Shame on the supposed giant of Africa; Nigeria.

Elxandre:

Yeah.
Though Cedis was far stronger than Naira till 2012.

was never stronger. Do you know what knocking out many zeros mean? 1,000 000 cedis is now equals 100

Explorers:
3. Ghanaians Cedis.



West African country, one of the closest neighbor to Nigeria.

Ghana, with a growing and well managed economy.

This has earned them third spot with the Ghanaian cedis has the their highest currency in Africa.

Also, many years back, their situation could not even be compared to what is obtainable in Nigeria but as we have it today, some would even argue that they are better developed.

One Ghanaian Cedis is equal to 79 Naira.

Comparing it with the dollar, it is approximately 4 Ghanaian cedis that’s one U.S dollar.

the irony is that alot of Nigerians will still encourage themselves with the word "oh! they just removed the zero's" desite it's so glaring to see... in hilakonji they the currency changers don't like accepting naira.

akeensbussy:
It is not the exchange rate of the country currency that determines the standard of living but Manufacturing and Exportation of goods and services that does that.

Compare South Korean Won to Libya Dinar.

Then compare their standard of living.

which is more developed?

You took the words out of my mouth. A smart head you've got!

Statsocial:

In percentages there are more poor people in US than in Kuwait.

What's their GDP? PPP?.
Those are parameters to measure economic growth.

Badonasty:



Eritrea isn't an island...get your facts right

Thats a mistake, thanks.

Very few of those currencies have reasonable purchasing power compared 2 Naira.

exchange rate may be stable in their countries but economic indices via market power might not

on my way to Ghana . who wan join ??

OP u are a liar... Biafran pounds is the strongest, £1 Biafran pound's is equal to
£1 British pound.... doubt me and receive a hot slap from amadioha

That of Ghana can be done by any country.
Re-evaluation of a currency can even be done by the poorest nation in the world.

Explorer you goofed on the Ghana Cedis.


Secondly, Eritrea is not an island.

Nah wah o

hmbassey1960:
Guy check your source again, libya dinar libya money died with gaddahfi,i live in bengahzi so i know wat am saying this info was back then 2007

15/06/17

10:46am

akeensbussy:
It is not the exchange rate of the country currency that determines the standard of living but Manufacturing and Exportation of goods and services that does that.

Compare South Korean Won to Libya Dinar.

Then compare their standard of living.

which is more developed?

LOLHow many Nigerians know that? many Nigerians youths will storm the thread hurling curses at their country not knowing that serious manufacturing economies like Turkey and China once crashed their currencies on purpose to gain an economic end.

DjAndroid:
All these indomie generation kids shouting Ghana cedis upandan, we have discussed what Ghana did to their cedis to make it look valuable when in actual sense, it's not. That was when Charles Soludo was the our CBN governor. Read! read! read!

Indomie generation indeed.
The uninformed ones keep shouting Ghana Cedis without knowing this.
That currency still remain as useless as it was even before knocking off the zeros because in reality it makes no difference.

Explorers:
9. Eritrean Nakfa.




Their currency is one of the currency that beats the Naira.

The currency is worth 20.27 Naira.

The exchange rate of this currency to the dollar is 15.5 Eritrean Nakfa equals one USD.

lol, Eritrea isn't an island. Eritrea is found north of Ethiopia.

That thing that God did to Sodom and Gomorrah, he should repeat the same feat in naija, me am tired, naija is cursed.

Hati13:

lol, Eritrea isn't an island. Eritrea is found north of Ethiopia.

Thanks

the guy for that Libya money just dey wake up from sleep?

whirlwind7:


Even Sudan is pulling its weight in Africa despite the years of warring and wastage.

Anyone who keeps thinking Nigeria is going to pull out of the rot with its present system of government is downright insane.
It is insanity that will make one to keep doin the same thing over and again, yet expects to see a different result. If 57 years isn't more than enough time to realize how stewpid we've been, then ours is a lost cause!

A strong currency in and of itself does not directly translate to a strong economy. A country whose currency is weak might experience a relatively strong thriving economy. It all depends on the exchange rate policy a country wishes to operate at a particular point in time. Take for example china.

Cire80:
was never stronger. Do you know what knocking out many zeros mean? 1,000 000 cedis is now equals 100

Yes I know.
It had a stronger value than the Naira till 2012.
If you lived in Ghana then, you'd know this.

freeDR:

LISTEN UP:

That those countries have a better exchange rate does not mean they have a better economy.

E.g 1kuwaiti dinar = 3.30dollars.

Does that make Kuwaiti economy better than that of the US?

But standard of living in the US is higher when compared to Kuwait......

i see so much ignorance being displayed by the hopeless youths of nigeria who know nothing apart from sex and brazilian hair ...may the stupidity always be in allbof you favours .....hopeless youths

Explorers:
9. Eritrean Nakfa.




Their currency is one of the currency that beats the Naira.

The currency is worth 20.27 Naira.

The exchange rate of this currency to the dollar is 15.5 Eritrean Nakfa equals one USD.

the lady on the note has a nose ring. Jesu

carzola:
Nigeria is the giant of facebook
Africa...
Also the giant in girls having big
Yansh and no brains...

Finally.. May the vegetable in London
Remain a vegetable till he joins his
Ancestors..

I am anti-idiot.

whirlwind7:


Even Sudan is pulling its weight in Africa despite the years of warring and wastage.

If you said warring, I'll accept. But wastage, Gadaffi's regime wasn't wasteful. He was ousted because of his pan African agenda

Obviously the OP hasnt heard if Lesotho's Maloti before. Loti has the same value as SA's Rand... And 1 rand is about 25 naira not 22.

Explorers:
3. Ghanaians Cedis.


West African country, one of the closest neighbor to Nigeria.

Ghana, with a growing and well managed economy.

This has earned them third spot with the Ghanaian cedis has the their highest currency in Africa.

Also, many years back, their situation could not even be compared to what is obtainable in Nigeria but as we have it today, some would even argue that they are better developed.

One Ghanaian Cedis is equal to 79 Naira.

Comparing it with the dollar, it is approximately 4 Ghanaian cedis that’s one U.S dollar.

Ghana did deregulation. Their currency aint stronger than Naira.

akeensbussy:
It is not the exchange rate of the country currency that determines the standard of living but Manufacturing and Exportation of goods and services that does that.

Compare South Korean Won to Libya Dinar.

Then compare their standard of living.

which is more developed?

bros. do not be brain washed by western propaganda. before the american mess in Libya ,Libyans had a very high standard of living, manufacturing might dosn't have to mean everything. we have other aspects of the economy that affects the value of currency e.g is the Qatar,it has tourism