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Nairaland Forum / Nairaland / General / Business / Naira Vs Dollar: A Picture With Deep Meaning. (47460 Views)
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Re: Naira Vs Dollar: A Picture With Deep Meaning. by MrBroke(m): 10:07am On Feb 19 |
LucemFerre: |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by pocohantas(f): 10:09am On Feb 19 |
RickyJesus: I can see you revel in unnecessary arguments. |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by crackhouse(m): 10:10am On Feb 19 |
You would have compared it with 100 naira notes since it's 100 dollar note we are talking about and u will see how long the height of the money would be. |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by PARADIZEPRIEST: 10:10am On Feb 19 |
YOUR CRUDE OIL IS BEING STOLEN BY PAST GOVT TO THOSE YOU KNOW,OIL IS NOT BRINGING MORE DOLLARS LIKE BEFORE TO KEEP NAIRA STRONG. IMF DEBT INCURRED BY BUHA MUST BE PAID. PLAN B IS: YOU ALL STOP GIVING FOREX FOR IMPORTING FOOLISH THINGS THAT FUEL LUXURY OF THE ELITE INTO NAIJA,THEN NAIRA WILL REGAIN STRENGTH. GIVE FOREX FOR ONLY NECCESITIES 1 Like |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by JustPowerApps(m): 10:12am On Feb 19 |
Why use #200 note, hypocrite |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by SniperSmurf(m): 10:16am On Feb 19 |
I don't know why they use 200naira but bundles. If they had used 1000naira bundle it would have been one bundle o. Caaz: You go mess ehn! |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by bizzibodi(m): 10:17am On Feb 19 |
Nvestor02:Even if you change d naira sign to dollar on our not this economic crises will still be there....no country will value our notes it is not among d major attractive currencies. What we need to do is reduce imports of unnecessary goods,increase productivity, exports more finished goods,makes foreign countries set up manufacturing plants in naija:Samsung,Toyota,Honda,electronic, batteries. Government should create infrastructures,reduced in security, Encourage FDI. Promote value-added agricultural activities for export. Let us have a market where foreign buyer comes in and buy our processed cocoa,coffee, sesame seed,cashew nut @ international prices let them buy in naira...our naira should be exchanged in London, US,Japan. Our crude oil should be sold in naira to foreign buyer by d time they brings in their dollars to exchange for naira we will have surplus dollars in d system making dollars to fall & naira to rise. I am not an economist but I just want to make common sense. |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by PARADIZEPRIEST: 10:17am On Feb 19 |
You ppl are not exporting oil as before to earn more dollars as most of naija crude oil money sadly had been stolen in last 8years waste of govt,with intense buha govtcomplicite oil theft,so stop importing nonsense into Nigeria and naira will be OK. Stop importing nonsense e.g STOP IMPORTING SHOE POLISH, NAIL POLISH, KITCHEN UTENCILS STOP IMPORTING LUXURY CARS FOR GOVT PUBLIC SERVANTS,GO TO INNOSON LEASE BULLETPROOF SUVS , STOP BUYING STUPID FOREIGN BUILDING MATERIALS LIKE FOREIGN PAINTS AND POP STOP IMPORTING USELESS FOREIGN FURNITURES STOP IMPORTING NONSENSE ASHOEBE MATERIALS FROM DUBAI STOP IMPORTING CRAZY THINGS LIKE HUMAN HAIR AND ASETHETICS ETC YOUR LONG THROAT FOR ALL THESE NONSENSE SHOULD STOP IMMEDIATELY TO STRENGTHEN THE NAIRA CBN SHOULD CONTROL ALL FORM M FORTHWITH ,DONT TRUST ANY BANK WITJDOLLARS EVER AGAIN. AND GIVE FOREX ONLY FOR NECESSITIES TO IMPORT MATERIALS AND MACHINERIES TO BOOST AGRIC FOOD PRODUCTION,FOOD STORAGE REFRIDGERATED TRUCKS,ESSENTIAL VEHICLES FOR HEALTH,LOGISTICS ,AND SECURITY VEHICLES ETC.ANY THING OUTSIDE THIS LIST IS ANTI PEOPLE WELLBEING AND ANTINAIRA.QED. [/quote] 2 Likes 1 Share |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by SaLongs1(m): 10:17am On Feb 19 |
jeromestarks:When what you bought for one hundred naira suddenly jumps to two hundred naira for no obvious reason. 1 Like |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by Onewazobia(m): 10:17am On Feb 19 |
BOSSkesh: It had been like that b4 remover of subsidy either past or present administration are same |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by RickyJesus: 10:17am On Feb 19 |
pocohantas:Portability is only possible when the currency is strengthen. If you can't find the correlation then I understand why it went over your head and becomes an unnecessary argument. |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by AuwalYusuf812(m): 10:21am On Feb 19 |
BOSSkesh:we need to enter street |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by AuwalYusuf812(m): 10:21am On Feb 19 |
😭😭😭😭 |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by bigtt76(f): 10:22am On Feb 19 |
Ofcourse it won't work and it would lead to the same disastrous outcome the cedi faced nairalanda1: 1 Like |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by dklex(m): 10:23am On Feb 19 |
Forex trading, operation do it yourself. Thundafireseun: 1 Like
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Re: Naira Vs Dollar: A Picture With Deep Meaning. by VeeVeeMyLuv(m): 10:25am On Feb 19 |
nairalanda1:What we have is a corruption economy |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by jeromestarks: 10:27am On Feb 19 |
SaLongs1:You don't know anything. |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by VeeVeeMyLuv(m): 10:28am On Feb 19 |
Onewazobia:Inflation is fuel by currency devaluation In Countries using CFA Francs price of goods and services have remain almost the same since as far back as 2004 because CFA Francs has been maintained in a stable manner between 500 & 700 since the year 2004 3 Likes |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by eepeepook: 10:38am On Feb 19 |
Me wey don save dollars for dormant account don win. 1 Like |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by Jagabanarmy: 10:39am On Feb 19 |
BOSSkesh:Absolutely |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by PARADIZEPRIEST: 10:40am On Feb 19 |
PARADIZEPRIEST: |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by TalkingBird: 10:46am On Feb 19 |
IMF IS DONE WITH US. A PEOPLE SO BADLY HYPNOTIZED WITH NO WAY OUT |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by Revolva(m): 10:48am On Feb 19 |
malali: Keep deceiving ur self can u compare the standard of living abroad to this hell hole? Abeg forget all these you listed here its all garbage 1 Like |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by Draslo(m): 10:49am On Feb 19 |
Nvestor02:Nonsense. South Korea has 50k Won bills and is the world's 13th best economy |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by TRUTHaDDICTED(m): 11:03am On Feb 19 |
Caaz:Those three eggs there alone is ₦900, in this Tinubulization? Oga EFCC needs to know your source of income, you must be a Yahoo star or a ritualist. |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by nairalanda1(m): 11:11am On Feb 19 |
VeeVeeMyLuv: Largely because the French pay for it to be so, and because many of those CFA countries pay a part of their foreign reserves into the French government coffers to ensure it stays that way 2 Likes |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by nairalanda1(m): 11:12am On Feb 19 |
Draslo: South Korea also exports manufactured goods and services, we don't. South Korea has a valuable currency, the number of zeros don't matter. |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by Draslo(m): 11:18am On Feb 19 |
nairalanda1:There is no country that have that amount in one note and their currency is doing well. Dollar last denominations in $100. Same as Pounds and euro. This is what I was replying. There's no where in the post I quoted talking about manufacturing or Nigeria become a producing nation. We all know that's where our real problems lie. |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by Inspirer1: 11:19am On Feb 19 |
Thundafireseun:Absolutely true but uts not easy to come by 1 Like |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by sunnyprof: 11:22am On Feb 19 |
its been same Nigeria .... nothing different from 1983 austerity measures era, nor what preceded the udoji award to workers in early seventies nor is Babangida IMF/SAP times better . We get the opportunity of Oil revenue and blew it of to private pockets all over the world, the country owe debts and prices higher ..... same, same ... no other economic history in Nigeria jare. therefore, just get a earning for a living and manage your life as it were, when boom comes do one project ... house, car or plaza .... and boop! return to just earn and manage your life. hat is the reality ever, and probably forever in Nigeria, Even Jappa is not new, it has always been a way of meal ticket to Nigerians, only that they come back and discover the ordinary nigerians back home here built the whole Land of Oshodi to beyond shogunle and from Agege to Otta, even through toll gate to ijebu Ode, Port harcourt or Ibadan was just built like that by those back at home .... and they just have to struggle to squeeze up into what is left of the lands!! Just earn and manage your life! MAKE A EKE OF YOUR LIFE!! vERY SIMPLE, PRONTO! there is nothing wrong with nigeria, its just behaving like a normal Country where there is so much money pursuing goods where there is no meaningful production!! INDUSTRY, INDUSTRY...... there is no "ËKE-onomy" where there is no INDUSTRY 1 Like |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by toluleke(m): 11:35am On Feb 19 |
malali:Beautiful rubbish. What yardstick are you comparing actually. Anyways we will get it right in Nigeria. |
Re: Naira Vs Dollar: A Picture With Deep Meaning. by Twy: 11:43am On Feb 19 |
nairalanda1: You kind of hit the critical issues, but I disagree the government is all to be blame. A whole lot are to be blame including the lecturers, the media, the civil society organiztions who have misinformed and miseducated the people for so long and also Nigerians who have outsourced critical thinking to this organizations. I remember during Jonathan's government, the information, largely published by western authors and sources stated the issues you mentioned and how our economic structure was volatile. But the Jonathan people with Okonjo Iweala, who had just rebased the economy where shouting our is the strongest and largest in Africa. For example your currency is fiat money and its exchange rage is backed by oil, you have reduced oil production and your importation apetite has gone up. What do we expect to happen to the currency. You can;t back it by foreign loans. Other issues they will not address and the people whill not address Worship of money, greed. They can blame corruption all they want but they will claim Abuja, the cesspit of corruption as the best city in Nigeria and kiss the ass of the corrupt politicians. Kidnapping and crime etc are less a result of the economic situation but more on greed, and how we worship money or those who have it. You have many young students who have never done hard work but into Yahoo Yahoo. It is not the economy but greed and worship of money. lack of interest(in the south) in farming lack of interest in population control ethnic solidarity. The picture all but says our products are crap and foreign products is what we really want. |
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