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Nairaland Forum / Nairaland / General / Business / Nigeria Naira Compare To Other African Currencies (463 Views)
NAIRA Vs Other African Currencies In Africa / Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. / Nigerian Naira To Other African Currencies Presently (2) (3) (4)
|Nigeria Naira Compare To Other African Currencies by DATMAT(m): 11:56am On Sep 23, 2020|
NIGERIAN NAIRA FAST BECOMING THE WEAKEST CURRENCY IN AFRICA....
South Africa: Rand 1= 79 Naira
Angola: 1 kwanza = 12 Naira
Botswana: 1 Pula = 28 Naira
Cape Verde: 1 Escudo = 8 Naira
Algeria: 1 Dinar = 12 Naira
Egypt: 1 Pound = 35 Naira
Eritrea: 1 Nakata = 18 Naira
Ethiopia: 1 Birr = 19 Naira
Ghana: 1 Cedi = 56 Naira
Gambia 1 Dalasi = 9 Naira
Kenya: 1 shilling = 6 Naira
Liberia: 1 Dinar = 8 Naira
Lesotho: 1 Loti = 19 Naira
Libya: 1 Dinar = 156 Naira
Morocco: 1 Dirham = 176 Naira
Madagascar: 1 Ariary = 14 Naira
Mauritius: 1 Rupee = 16 Naira
Malawi: 1 kwacha = 21 Naira
Mozambique: 1 Metical = 24 Naira
Namibia: 1 Dollar = 32 Naira
Seychelles: 1 Rupee = 22 Naira
Sudan: 1 pound = 42 Naira
Swaziland: 1 Lilangeri = 19 Naira
Tunisia: 1 Dinar = 150 Naira
Zambia: 1 kwacha = 28 Naira
Even the worst economies of Africa now have more valuable Exchange rate than us.
As at today $1 = N470?
€1 = N500?
N1,000,000 is less than $4000.
|Re: Nigeria Naira Compare To Other African Currencies by dustydee: 11:58am On Sep 23, 2020|
How much is the South Korean Won to the naira?
|Re: Nigeria Naira Compare To Other African Currencies by sinkhole: 12:01pm On Sep 23, 2020|
This simply means that Nigerians will die to migrate to all these countries you listed above
At least if you make 1 of their currency, you can easily multiply it in naira by sending it home to Nigeria and then you become a big boy/girl at home
|Re: Nigeria Naira Compare To Other African Currencies by FlordFlorez(m): 12:03pm On Sep 23, 2020|
Just imagine those countries on this list. Our currency is very useless.
|Re: Nigeria Naira Compare To Other African Currencies by remsonik(f): 12:12pm On Sep 23, 2020|
The naira rate is really dropping and it's been so painful. What 70k of 5 years ago would do. 150k can't do it now. Even the 5 naira note seems to be going extinct as it's so hard to get any sweet or biscuit for 5 naira
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|Re: Nigeria Naira Compare To Other African Currencies by dangermouse(m): 12:14pm On Sep 23, 2020|
Some Niaraland peeps would be shocked big time, but watch as they come up as usual with excuses in defence of thier pay master.
|Re: Nigeria Naira Compare To Other African Currencies by ImmaculateJOE(m): 12:42pm On Sep 23, 2020|
You dey selll okirika bags?
Last time I exchanged 10,000 Won to N2,000
|Re: Nigeria Naira Compare To Other African Currencies by dustydee: 1:26pm On Sep 23, 2020|
ImmaculateJOE:Wow, going by OP's theory, Nigeria is better than South Korea and according to sinkhole, South koreans will be dying to come to Nigeria to work so that they can earn N30000 minimum wage and when they send it to their country it will be 150,000 won and they will be big boys and girls.
|Re: Nigeria Naira Compare To Other African Currencies by sinkhole: 1:41pm On Sep 23, 2020|
dustydee:You wan compare S. Korea to Nigeria ba?
Even if S. Korea currency no dey strong, their government dey strong and with what their government has provided, nobody will want to leave S. Korea and come to Naija.
Haba, you too think am now: for naija no light, no road, no healthcare, no education, kidnapping, religious problem, etc
|Re: Nigeria Naira Compare To Other African Currencies by Positiveminds(m): 1:51pm On Sep 23, 2020|
|Re: Nigeria Naira Compare To Other African Currencies by dustydee: 2:01pm On Sep 23, 2020|
sinkhole:I am glad you got my point. It is not just about the exchange rate. Of all the countries listed there only a few can compare with Nigeria. 1 cedi may be N56 but 1 cedi cannot buy what N56 can buy. Therein lies the value of the money. We feel the impact of the devaluation so much because we are import dependent.
We complain about cost of electricity and Petrol but in those countries listed, it costs more for those products.
|Re: Nigeria Naira Compare To Other African Currencies by stifej: 3:09pm On Sep 23, 2020|
So many illiterates yapping nonsense on this thread, many do not know simple economics and how currencies work.
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