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ECOWAS Launches Regional Contest For New Currency’s Name And Icon - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / ECOWAS Launches Regional Contest For New Currency’s Name And Icon (15580 Views)

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Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by AreaFada2: 8:15am On Nov 07, 2018
atiku4President:
WACU will be a good name. Meaning West African Currency

Just call am Banku, Ghanian swallow then. shocked shocked shocked

1 Like

Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by khunz: 8:17am On Nov 07, 2018
Bede2u:
1 usd is just 4 ghc

It is $1 to Ghc4.80 which is equivalent to =N=480.00(direct conversion).

Which shows Naira is more valuable.

1 Like

Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by zolajpower: 8:18am On Nov 07, 2018
"Afroslique "will do with Anglo and Franco phone money symbol as the symbol
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by Nobody: 8:26am On Nov 07, 2018
downloadproject:
Good

Let talk business

I need a project biko....let chat and talk well
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by czar2k16(m): 8:31am On Nov 07, 2018
Hmmmm! End Time Tinz
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by baysol: 8:31am On Nov 07, 2018
Call it Nicfar and the smaller denominations Wacents.
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by tiredoflife(m): 8:32am On Nov 07, 2018
They should stop fooling us
The name and logo has already being chosen
There are deep things controlling the affairs of men
We are not fooled

1 Like

Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by MycroftHolmes: 8:34am On Nov 07, 2018
fanysteve:
It should be given to Fela Anikulapor Kuti

Are you Serious?

Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by Johnnonye(m): 8:39am On Nov 07, 2018
I love this development. I just hope it works out well
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by pweshboi(m): 8:45am On Nov 07, 2018
WASCO... West African states currency grin
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by presented007(m): 9:19am On Nov 07, 2018
So what will be the benefit
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by panpan(m): 9:47am On Nov 07, 2018
A common currency for West Africa in 2020? What is the Ministry of Finance and the Central Bank's position on this issue?
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by speedyGonzales: 10:12am On Nov 07, 2018
khunz:
Ok,Nigeria should Nigexit (Brexit) this one ECOWAS currency,all other member nations' currency are far less valuable than our Naira =N=.

are you sure about that? Ghanaian currency is no higher than Naira?

1 Ghanaian Cedi = 74.91 Naira
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by speedyGonzales: 10:15am On Nov 07, 2018
Jiang:
Africans are as confused as fuvck, it makes you wonder why our leaders allow the west to exterminate Gaddafi if they planned to accept & implement his single African currency plan in the first place.

Though the y are doing it in an extremely cowardly way & a too slow process. West & chinco slaves kawa

GEJ is solely to blame for this one, he was too chicken to stand up for Gaddafi!
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by Caseless: 11:11am On Nov 07, 2018
Jiang:
Africans are as confused as fuvck, it makes you wonder why our leaders allow the west to exterminate Gaddafi if they planned to accept & implement his single African currency plan in the first place.

Though the y are doing it in an extremely cowardly way & a too slow process. West & chinco slaves kawa
what happens to CFA? France will frustrate this.
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by Horus(m): 11:20am On Nov 07, 2018
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by wizod(m): 11:45am On Nov 07, 2018
abumeinben:
Name: Afro

Icon: π

End time is nigh
u're d first man dat read wit understanding others were to be likened to d Ethopian Eunuch

1 Like

Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by od501: 12:27pm On Nov 07, 2018
Out about "Eco" which was launched sometime in 2001¿
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by khunz: 12:30pm On Nov 07, 2018
speedyGonzales:


are you sure about that? Ghanaian currency is no higher than Naira?

1 Ghanaian Cedi = 74.91 Naira

I am very sure. They removed 4zeros from their currency which Nigeria never did since Naira was created.

If for example Nigeria takes off 3zeros from our currency ,it doesn't make it more valuable than the dollar.

Also if you work in Ghana Ghc100 is suppose to be N10,000.00.But when you change the Ghc100.00 at currency exchange market or transfer same amount to Nigeria ,you will get N7,500.00 ,meaning your sweat devalued by 25% due to exchange rate loss.

4 Likes

Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by Nobody: 12:37pm On Nov 07, 2018
SaintAY:
all i see is the fufillment of the prophecy that d world will come under a single currency... It's happening in bits
bitcoin has done it.

1 Like

Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by emmabucks: 6:11pm On Nov 07, 2018
Wafro
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by Olorunnim: 11:03pm On Nov 07, 2018
Noel1:
They will also end up like BREXIT grin grin grin grin
Why bro, Why?
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by Abohboy: 8:52pm On Oct 22, 2019
khunz:
Ok,Nigeria should Nigexit (Brexit) this one ECOWAS currency,all other member nations' currency are far less valuable than our Naira =N=.

Cedi is way stronger Ghanaian currency 1 dollar equals like 5 Cedi we need them it will be like 1 dollar equals 50 eco
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by khunz: 10:16am On Oct 23, 2019
Abohboy:


Cedi is way stronger Ghanaian currency 1 dollar equals like 5 Cedi we need them it will be like 1 dollar equals 50 eco

Cedis value based on exchange rate and purchasing power ,Ghc5 is suppose to be N500 ,but the actual value is N350.Also what N500 will buy Ghc5 can't buy it.

Furthermore $1=Ghc5.40 ,while $1= N360

Finally be informed that the present Ghc5 is actually Ghc50,000 .they removed 4 zeros from the currency ,while Nigeria has never removed any zero from our own. This should clarify why we have more zeros in Naira stated values than in Cedis state values.

Naira is stronger than Cedis as at today.
Re: ECOWAS Launches Regional Contest For New Currency’s Name And Icon by tck2000(m): 10:44am On Oct 23, 2019
khunz:


Cedis value based on exchange rate and purchasing power ,Ghc5 is suppose to be N500 ,but the actual value is N350.Also what N500 will buy Ghc5 can't buy it.

Furthermore $1=Ghc5.40 ,while $1= N360

Finally be informed that the present Ghc5 is actually Ghc50,000 .they removed 4 zeros from the currency ,while Nigeria has never removed any zero from our own. This should clarify why we have more zeros in Naira stated values than in Cedis state values.

Naira is stronger than Cedis as at today.
Apt

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