1dollar to 3.6 UAE dirham I have found it like this since 4yrs now. Not going up not going down

See ing Libya & Ghana on the list is touching. A war thorn country like Libya?! Ghana-must-go?!

The Leaders of this country are the worst set of human beings next to Nazi's.

Zonefree:

What's Ghana doing here?

About 5 pack of 80gram indomie noodles in Ghana is 55 Ghana Cedis, that's above $4.

While $4 in Nigeria can get you over 10 pack of same 80gram indomie noodles.

Stick to the bone of contention and stop confusing yourself boy

CodeTemplar:
Currency conversion ratio is of little significance when you consider that currencies can be adjusted.

For example, the Kuwaiti Dinar (KWD) is the strongest currency in the world with a single Kuwaiti dinar buying $3.25 US dollars (or, put another way, one US dollar equals 0.31 Kuwaiti dinars) but can the Kuwaiti economy measure against USA or other advanced economies?
As a matter of fact, kuwaiti dinar was adjusted by taking away three zeros to make it the world's strongest. That's something anyone can do and become the worlds strongest currency but not necessarily the world strongest economy.

Money is a just a metric system that can change based on goods and service backing it or can be recalibrated to ease management of money system.

Valid and quite educative.

Beverlyjean:


If crypto existed when Abacha was alive , do u think some of that money would have been traced and returned?? Think

The one that was returned under buhari where is it? How was it accounted for? Of what benefit was the money to an average Nigerian? Was it not re-looted by the same corrupt politicians??
You seem to have personal issue with cryptto
The problem is not cryptto, but the corrupt leaders which are the foundation. Once we have credible leaders, things will naturally fall into place. We had an opportunity to re write the history of this country through an intelligent man like Osinbanjo, what happened? Where is the port Harcourt refinery they promised to start working in April which will in turn strengthen the naira? A lot of things are wrong, unstable power supply, insecurity, inflation etc these are things that need to be improve which will improve our economy. It is not just saying cryptto when so many things are going wrong. Cryptto has zero effect on economy. So long thriving nations are doing cryptto, then it means the primary issue rest on policies & leadership of our govt.

Cooldowntemper:


Shatap

zombi everywhere on Nairaland, lack of home training is what you guys displayed on nairaland

Where's Odumeje's powers, we need it on the naira. He should release all the powers

Zonefree:

What's Ghana doing here?

About 5 pack of 80gram indomie noodles in Ghana is 55 Ghana Cedis, that's above $4.

While $4 in Nigeria can get you over 10 pack of same 80gram indomie noodles.

Have you considered if its imported?

SweetDipBenny:
Where's Odumeje's powers, we need it on the naira. He should release all the powers

Wetin go come remain for shakeina Sundays?

Sapasenator:
3,779.50 Ugandan Shilling = 1 USD as at today.

Hope it is not the target of NIGERIA?.....they always learn nonsense and compare it with their own ..

Love800:
Can u explain more pls?
Am lost with dis ur post.
Just put it in a layman words for a clearer understanding.

it means the purchasing power of naira is higher than the purchasing power of cedis irrespective of the rate..

CodeTemplar:
Currency conversion ratio is of little significance when you consider that currencies can be adjusted.

For example, the Kuwaiti Dinar (KWD) is the strongest currency in the world with a single Kuwaiti dinar buying $3.25 US dollars (or, put another way, one US dollar equals 0.31 Kuwaiti dinars) but can the Kuwaiti economy measure against USA or other advanced economies?
As a matter of fact, kuwaiti dinar was adjusted by taking away three zeros to make it the world's strongest. That's something anyone can do and become the worlds strongest currency but not necessarily the world strongest economy.

Money is a just a metric system that can change based on goods and service backing it or can be recalibrated to ease management of money system.

I'm not getting you, please expanciate

helinues:
Na kuku the rain packed both birds pigeon and chicken together

Fixed!

You are deviating. The economy of Lagos state alone is bigger than that of Ghana, Benin republic and Togo

sonofsteven:


Then Nigeria should do it that way if it's possible as you said

That way we can buy things cheaper with dollar

Someone said indomie is 55 cedis, which he calculated in naira and asked what Ghana is doing on the list... can you buy indomie pack of 5pcs for 55 naira ?



Make the government add or subtract the zero to make naira strongest currency, e no go bad if 1 dollar na 1 naira

tinubu have killed us..........................................

Blackfire:



Reality is now setting in



Very soon CFA will bench naira.



How tinubu convinced zombies to vote for him by just shouting emilokan

Already benched

Zambian kwacha is this strong

I nor too understand sha.
But thank you.

If i may ask. Buying bread here(nigeria) is expensive too. So what purchasing power is he talking about?

lymelyte:
it means the purchasing power of naira is higher than the purchasing power of cedis irrespective of the rate..

Sapasenator:
3,779.50 Ugandan Shilling = 1 USD as at today.

leave Ugandan shillings alone abeg!

Tallesty1:
Giant no dey top ten




Why is Binance not affecting their Currencies?

its because they ain't using binance as a medium of money laundering as it's been used here in nigeria.

helinues:


You called yourself cooldowntemper but you have been provoking others for no sensible, reason trolling them up and down.

Why not start practicing what you are preaching

Which provocation is bigger dan som1 praising/applauding dis Tinubu's govt?
Govt that gambles wit d lives of its citizens.

How fair is dat plz...?

Blackfire:


Reality is now setting in


Very soon CFA will bench naira.


How tinubu convinced zombies to vote for him by just shouting emilokan

CFA is almost two times bigger dan naira naa. abi e don pass sef

Love800:
Can u explain more pls?
Am lost with dis ur post.
Just put it in a layman words for a clearer understanding.

In ghana, u buy a bottle of malt 10 cedis(which is averagely 1,000 naira), but in nigeria am not sure if a bottle of malt is upto 500 naira.

Road side Okirika jeans(dey call it home use) can b sold 100 cedis(average equivalent of 10,000 naira), but i wonder how person wan take 10k buy roadside okirika jeans in nigeria.

Same wit every other commodity.

That is if you comparing it with ghana currency. But the purchasing power in nigeria is not strong here in the country.

MySolace:

In ghana, u buy a bottle of malt 10 cedis(which is averagely 1,000 naira), but in nigeria am not sure if a bottle of malt is upto 500 naira.

Road side Okirika jeans(dey call it home use) can b sold 100 cedis(average equivalent of 10,000 naira), but i wonder how person wan take 10k buy roadside okirika jeans in nigeria.

Same wit every other commodity.

The customs and other border officials should work too. How do banned or prohibited goods still enter Nigeria huh


It's not entirely by banning dollars. Ban the goods these dollars can buy. And people won't see the need to buy the dollar

Beverlyjean:
Now,a war turn country has is just 4 to a dollar... they don't use the dollar , their citizens don't need or even take it seriously..... the only way we can get it right is to use force by making FX illegal on the streets .... it should only be electronically traded thru the banks ...all crypto should be banned ... anyone found trading crypto or dealing with FX should be arrested immediately... Nigerians that can afford it are buying it up and hoarding it like black market fuel sellers ...

ItsTutsi:
Are you currently in Uganda?

I left Uganda. I am in a village in Vietnam.