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Best and worst performing currencies in Africa - Business - Nairaland

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Best and worst performing currencies in Africa by God1000(m): 9:56am On Jan 25, 2023
:
Here are the best and worst performing currencies in Africa.

Any country that is export-based cannot have strong currency, the local currency is always strong because the people produce what they consume, in Nigeria products consumed are 95percent import-based, and that has affected the naira badly.

nlfpmod

Mynd44

Re: Best and worst performing currencies in Africa by God1000(m): 9:56am On Jan 25, 2023
Insecurity is a big problem in Nigeria. When the people are no more motivated and secure to go to production location, the rate of production will drop. This is the case with agro-products (foods). Food comes from farms and insecurity is affecting the farm locations. This is where security is core to the survival of Nigerians because more farmers are abandoning their farms. This is driving prices of commodities high up

Re: Best and worst performing currencies in Africa by God1000(m): 9:56am On Jan 25, 2023
As a pan Africanist, I support the adoption of single currency in Africa

The euro is the official currency of 20 European Union countries which comprise the Eurozone.

Re: Best and worst performing currencies in Africa by God1000(m): 9:58am On Jan 25, 2023
ECOWAS single currency hasn't come to fruition

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nlfpmod

Re: Best and worst performing currencies in Africa by obiekunie01: 5:01pm On Jan 25, 2023
the BIAFRAN POUNDS. \\\


$1 = 21 Biafran pounds

Re: Best and worst performing currencies in Africa by Parachoko: 8:35pm On Jan 25, 2023
I can't believe the Libya Dinar is still performing well

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Re: Best and worst performing currencies in Africa by God1000(m): 10:29pm On Jan 25, 2023
Parachoko:
I can't believe the Libya Dinar is still performing well
I'm surprised as well, despite all the chaos and anarchy in that country

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