Romance › Re: What Do Women really want? by maestro299: 1:37pm On Mar 30, 2024 |
JessicaRabbit: This argument would have been valid if it weren't predicated on the false premise that logic and emotion are mutually exclusive. I didn't imply that at all so I fail to see how you inferred that from my comment. |
Romance › Re: What Do Women really want? by maestro299: 10:39am On Mar 30, 2024 |
You are viewing the mindset of the generality of women from a man's lens.
That's your mistake.
Men are typically logic-based in their thinking and decision-making. For example, look at the question you asked. They are "What...?", "Why...?" questions. As men, we try to 'make sense' of a situation most times.
Women on the other hand, don't think that way. They will most times, follow her feelings on an issue. "How did that make me feel?"
As feelings are easily mercurial, it makes it seem like women don't know what they want at a point in time, which isn't strictly so. She might have agreed with you to do something yesterday only to change her mind the next day because she's not 'feeling right'.
This is why many of them fall prey to men who are skilled in emotional manipulation. |
Crime › Re: Breaking News!! Diddy Just Got Arrested by maestro299: 8:53pm On Mar 28, 2024 |
Only a matter of time once his 'mule' was apprehended. If you know how many of these so-called celebrities, politicians and even 'men-of-god' are involved in many of these illegal but highly lucrative businesses, you'll be astounded. Drugs, contraband, arms, stolen vehicles, etc. They use their popularity and public influence as cover for many of their shady activities. |
Food › Re: 'How Tomato Paste Importers Are Killing Nigerians' - Erisco Foods (2015) by maestro299: 6:26pm On Mar 28, 2024 |
Laslaslala: He did same to odas now someone did same to him and he is whyning and crying foul Reminds one of the APC government. |
Agriculture › Re: Hunter Killed A Warthog, Civet And Other Wild Animals by maestro299: 4:10pm On Mar 27, 2024 |
O boy!!! Na a whole Pumba dis guy waste so?  |
Celebrities › Re: I Met My Wife Chioma Before I Had Money - Davido (video) by maestro299: 5:49pm On Mar 26, 2024 |
That means he probably met her while he was in the womb  Oni iro oshi. Baba wan use us catch cruise.  Somebody that was born with, not just one but at least 3 silver spoons. Who can forget his first hit track that announced him? Dami duro? 🎶 🎵 Ema dami duro dami duro Yeah emi omo babalowo olowoAni wo fe dami duro duro Ewo won, won fe bami nawo nawo... 🎶 |
Travel › Re: Man Kneels Down To Thank God He Left Nigeria For The UK by maestro299: 4:14pm On Mar 26, 2024 |
thesicilian: He's obviously not a wise person. A wise person would know that the grass is not always greener on the other side of the fence and one should always remain humble and cautious as fate is unpredictable. Look very well, he's part of the system, in his own small way, that has destroyed Nigeria. |
Foreign Affairs › Re: Vaughan Gething To Become Wales' First Black Leader by maestro299: 4:57am On Mar 20, 2024 |
Rolings: So you are fooled by this Shame on you and the education you got Did America electing Obama stopped the systemic racism there? Or has electing Rishi stopped racism in UK ( you can turn a blind eye to it but it surely exist)
And you dare call me names ..... E no go better for you We know your type .... You are forever a slave.
Europeans came to Africa first we didn't go to them....why ? To come plunder our resources and they could because they have guns
So tell your masters to return all they looted in Africa , including the Ashanti Gold on the top of kings Charles Crown.  Go and sit down. Slave, yen, yen, yen. See you spouting nonsense as if you've got a clue... |
Foreign Affairs › Re: Vaughan Gething To Become Wales' First Black Leader by maestro299: 9:09am On Mar 17, 2024 |
Topman7: You are extremely IGNORANT.
There is NOTHING wrong in highlighting RACE when mentioning new developments in a region where RACISM has been the norm.
If YOU have not been a black person born and bred in the west, then SHUT UP where it concerns RACISM and how they react, because YOU have not walked their walk.
You sit here in Nigeria and all you know about whites is the fake cosmetic imagery their present to you on CNN and BBC, media and diplomacy etc.
You have not lived among them like the black Americans, black britons, black Germans, black French etc.
MANY OF THESE PEOPLE HAVE RELATIVES WHO HAVE BEEN LYNCHED BY WHITES.
Ku Klux Klan https://compote.slate.com/images/7b07c7c6-fc33-48a7-8232-0521fa18bded.jpg
https://cepr.org/sites/default/files/styles/og_image/public/voxeu-cover-image/cook.jpg
You go tell them that they have an ''inferiority complex'' by mentioning race and see how fast they SMOKE your dumbass slave mentality head! Discrimination is everywhere and has always existed among human beings from the beginning of time and will continue to do so till the world ends. It is even more prevalent among people of the same race. Just look at the rubbish tribal slurs that are bandied about daily, on Nairaland. The problem is that, in interracial societies, usually Western ones, the 'minority races' perceive that they are on the receiving end of that discrimination and aren't happy about it. They feel that they should be enjoying 'equal rights as the member of the majority race. Some cunning politicians and social leaders, most especially the political Left have capitalized on that victim mentality and sentiment to gain power, fame and wealth for themselves. All races discriminate both within and between each other. If you think the whites only discriminate against blacks Then what will we call the Hutus vs Tutsis? The Nigerian Civil War that pitted the Igbos against the Nigerian state? The Indian caste system. Even you, do you treat everyone in your life equally? No. It's not just possible. But if you were white, someone will call you racist. |
Foreign Affairs › Re: Vaughan Gething To Become Wales' First Black Leader by maestro299: 8:50am On Mar 17, 2024 |
DeathToSimps: But some idiots here will say whites are racists.
Everybody here is racist to you people yet that is where you always run to. What not stay in your country that is not racist?
Nigerians are big, stupid, emotional hypocrites. Very true. See one of them below. Rolings: Hope he won't make reducing net Migration to the UK and other anti immigration policies his priority just like Rishi and Suella Braverman |
Politics › Re: Bandits Demand N40 Trillion, 150 Bikes To Release 16 Kaduna Residents by maestro299: 8:05pm On Mar 11, 2024 |
marenx: “Where are we going to get this kind of money? Even if we sell the entire community, we cannot raise N40 trillion. Even Nigeria as a country has never made a budget of N40 trillion."
Worse than these things happened in all those developed countries, especially world powers, before they became developed.
If you watched No Retreat No Surrender, The Hard Way and The Only Way and other related fictional movies that are based on true life stories, you will know that for a country to become developed, tragedy must become a normal thing. If you study French history closely, you may agree there is no God. Bad times breed strong men, Which in turn brings good times, Which raises weak men, Which leads to bad times, And the cycle continues... |
Politics › Re: Edun And Cardoso: Ikoyi-bred Economists Trying To Operate Fadeyi Economy by maestro299: 6:43am On Mar 08, 2024 |
Tellmeastory: Excellent article.
Economic orthodoxy is our biggest undoing.
This is what happens when your education system is imported wholesale with no incorporation of local indigenous realities.
Western textbook solutions to African problems have always been inappropriate and even catastrophic.
Do we even have any Nigerian economic theories developed by Nigerian economists specifically for the Nigerian/African economic orbit?
Or they all just parrot the theories of European economists of the 19th century? As per your other thread, I believe this our neocolonialism is far worse than anything the British did. Tinubu and the rest of the political elite know what needs to be done but they aren't ready to go down that path. |
Crime › Re: Micheal Chidozie: Police Arrest Activist For Beating Wife To Death In Rivers by maestro299: 5:37pm On Mar 07, 2024 |
Entom: Women is not for every man There is deep wisdom in this your comment. |
Crime › Re: EFCC Arrests 21 Trucks For Smuggling Foodstuffs To Neighbouring Countries by maestro299: 5:21am On Mar 06, 2024 |
Bullfallo: The problem right now the exchange rate. The naira has lost value in to our neighbors. Its more profitable to export and our neighbors buy our products really cheap and Nigerians buying it costly. You get sense. I was just laughing at those monikers claiming 'economic sabotage' in the preceding comments. |
Politics › Re: Inside The $350 Million Abandoned TINAPA RESORT! What Has Changed In 2024 by maestro299: 5:26am On Mar 05, 2024 |
mrvitalis: Nothing happened, just a project done without business environment study
Nigerians are too poor for such project, the percentage of Nigerians that can patronize such business are too small and widely spread to make such business a success
Is like building a 5 star hotel in say Osun or ebonyi or sokoto village and asking what killed it
Nigerians like shinny projects and don't care about their viability
Cocoa house, Buhari rail lines, Lagos blue and red lines, most state airports... Same rubbish Otti wants to build in Abia
Nigerians need to go and watch 2019 Osibanjo vs Peter obi debate again... That was were obi won me over
You don't develop by building infrastructure, malls, rail system etc
You develop by investing in your people access to credit, building basic needed infrastructure like few roads, hospitals and schools
Once the population is rich enough infrastructure would naturally come up
If Nigerians GDP per capita was $15k n above tinapa won't fail, in fact we would have 50 more Good observation. Economic development has to be organic to be sustainable. The biggest danger to the economic growth of a nation is wiping out the middle class. |
Politics › Re: It Would Take More Than 9 Months To Repair A Country That Has Suffered -Dapo(vid by maestro299: 5:03am On Mar 05, 2024 |
Jonathan: Sworn in May 29 2011.
APC Occupy Nigeria Protest: January 2 2012
Less than 8 months.
Yet Tinubu, Buhari and the rest of their loyalists made us believe that Jonathan should have performed magic then. And things weren't even quarter as bad as it is now.
They're now in power and have blamed everyone else apart from themselves. They now want consideration and patience that they refused to give others.
E no go work. |
European Football (EPL, UEFA, La Liga) › Re: Manchester City Vs Manchester United (3 - 1) On 3rd March 2024 by maestro299: 6:26pm On Mar 03, 2024 |
Ten Hag has been very poor this season. Man Utd have very poor, average players. The combo is a terribly bad team. |
Crime › Re: Police Parade Lawyer Over Alleged Abuse Of 10-Year-Old HouseHelp by maestro299: 8:49am On Mar 02, 2024 |
Where is JennyClay when you need her? |
Romance › Re: I Don’t Always Have The Urge To Have Sex by maestro299: 3:08pm On Mar 01, 2024 |
6-7 months? That's roughly the same time Supreme Court affirmed Tinubu's electoral victory and the 'renewed suffering' began in earnest.  . I don't blame you. You may not fully realize it but subconsciously, your mind fully understands the gravity of the economic mess that is confronting us and it has taken its toll on your physical body, your d*ck in particular. Any man in Nigeria that can still have an erection despite the myriad of problems brought about by the 'Tinubulation' is either a living miracle that should be studied or is someone without sense of responsibility. |
Politics › Re: Shut Up During Argument With Your Husbands - Women Affairs Minister Begs Women by maestro299: 1:40am On Feb 29, 2024 |
toujurs: They never learn, until blood starts rushing from their nose.
Then they come online to shed crocodile tears, and cry over domestic violence.
How in your common sense would you throw pushes, with someone who would beat you black blue.
Forgeting his older and stronger than you. You married someone older than you, to leeche on, and feel you both are on same level.
You must be mad. I believe you're the only person here that understood the Minister's message. And you're most likely a male. The females on here didn't even attempt to process what she meant. They're all missing the point talking about the man's 'maturity', 'ego', being a 'real man' and what not. |
Family › Re: SEE HOW I COLLECTED MY OWN ONE BAG OF RICE!! PICS. by maestro299: 10:43pm On Feb 27, 2024 |
toujurs: A brother, it's always a brother. You will never hear a sister.
Yet men are scum. Bunch of clowns.
He should "encash" it. 😂
"If she no suck, who go pay for the wig and handbag" 😁😁 Women dey give? Hell would rather freeze over first. |
Business › Re: CBN Sells Over $300m To Banks As Naira Gains by maestro299: 10:58am On Feb 27, 2024 |
matify83: Excellent move!
However, concerted efforts must be brought to bear on the continuous appreciation of the naira because it is still undervalued at this rate.
Our target is between 700 and 800 to the dollar. That's what Carson has always maintained. Serious work needs to be done on the economy. Our political leaders can't continue to coast along in office and loot money. It's no longer sustainable. Massive moves must be made to revive industrialization, boost agriculture, strengthen security apparatuses and invest in infrastructure. Local businesses and industries need to be encouraged to become the bedrock of our economy, which in turn will take care of unemployment issues. Anything less, is cosmetic. We have to stop putting plaster over our problems and carry out deep, invasive surgery. |
Politics › Re: Hardship: Don’t Join Protest Against Tinubu, Afenifere Begs Yoruba People by maestro299: 2:40pm On Feb 25, 2024*. Modified: 3:21pm On Feb 25, 2024 |
I agree. As far as there's no special market where Tinubu loyalists (irrespective of tribe or religious affiliation) get their supplies for free or at a discount, then no problem.
But let Pa Fasoranti remember that not nearly 12 years ago, the same Bola Ahmed Tinubu and his band of sycophants had no compunctions about staging a protest against then President Jonathan despite the fact that the economic situation in the country then wasn't even a quarter as bad as it is now under Tinubu.
A Yoruba adage roughly translated says: The murderer will always be cautious of anyone passing behind him/her with a cutlass . |
Politics › Re: Seyi Makinde Storms Facility Being Used To Store Illegally Mined Minerals by maestro299: 12:42pm On Feb 25, 2024 |
And somebody was saying Nigeria is poor. SMH. |
Foreign Affairs › War Has Been Good For The Russian Economy by maestro299(op): 2:23pm On Feb 24, 2024 |
First gloomy forecastsWhen Russia first invaded Ukraine, both local and international economists sounded the alarm, predicting that the Russian Gross Domestic Product would drop by 10% in 2022. The World Bank was even more pessimistic and estimated the country's GDP would fall by more than 11%. The experts were wrongHowever, the catastrophic effects of the war on the country's economy never happened. In 2022, Russia's GDP fell by only 2.1%, according to World Bank data, compared to estimates that predicted a double-digit decline. Russia has continued to growThe Russian economy seems to be booming and has expanded more than the G7 countries. In 2023 it will grow by 3.6%, according to a first estimate published in early February by the State Statistics Service Rosstat. Immune to sanctionsThe country appears to have successfully weathered the consequences of the multiple sanctions that the European Union imposed on Russia after the outbreak of the war in Ukraine. The objective was to increase costs and reduce the country's income to reduce its ability to finance the conflict. A war economyRussia's resilience demonstrates that the efforts of European partners have not achieved their goals for several reasons. On the one hand, the country has transformed its economy into a war economy, with an increase in public spending directed at defense and heavy industry. Military spending accounts for around 6% of the country's GDP, according to the Spanish newspaper El País. New trade routesFurthermore, Russian oil production is slightly below the pre-war level despite the European embargo. Russia has found new trade routes and direct its sales to countries that do not impose limitations, such as China and India. Evading sanctionsRussia has also been able to evade sanctions imposed by Europe through a “shadow fleet.” Hundreds of oil tankers often unload crude oil onto ships on the high seas, making it difficult to track oil exports from the country. Distorted economyHowever, all that glitters is not gold. Experts warn that, on the one hand, Russia remains dependent on gas and oil sales. On the other hand, the country is subject to the evolution of military production, which raises doubts about what will happen when the war comes to an end. Inflated labor marketThe expansion of the defense industry has led to the creation of new jobs. In a meeting with workers in the sector in the city of Tula, Russian President Vladimir Putin stated in early February that in the last year and a half, 520,000 new defense jobs have been created, necessary to achieve production goals. Lack of workers for the civilian industryIncluding a larger workforce in the defense sector has caused a labor shortage in the civilian industry that is difficult to fill, while the unemployment rate has reached historic lows. Demographic problemsIn fact, after the outbreak of war, the mobilization of thousands of men in the army and the flight of many others has reduced the available workforce in the country. In 2022, 300,000 men were mobilized to war, and another 490,000 were recruited in 2023, according to data compiled by the Financial Times. Inflated salariesFaced with this shortage of workers, other economic sectors have had to raise salaries to compete with the wages of the defense industry. While this has boosted domestic demand, it has, on the other hand, increased inflationary risks. Interest rates riseThe overheating of the Russian economy and rising prices has forced the monetary authorities to raise interest rates to 16%. “The economy was growing at a rate above its potential,” Bank of Russia Governor Elvira Nabiullina said in mid-February in a statement to Russian press. 2024 will continue to be positiveDespite the risks on the horizon, the forecasts for the year are positive. The International Monetary Fund forecasts an increase in Russia's GDP of 2.6% in 2024. This is more than double what it had estimated last October, according to the Financial Times newspaper. Better than the EurozoneIf the forecasts are met, this growth would be three times greater than that of the eurozone. In fact, according to the latest estimates from the European Commission, the region may only grow by 0.9% this year. Source: https://www.msn.com/en-us/money/news/war-has-been-good-for-the-russian-economy/ss-BB1iKMqr |
Crime › Re: Pregnant Housewife Pushes Husband To Death From 2-Storey Building In Ebonyi by maestro299: 6:40pm On Feb 22, 2024 |
Sirmwill: Why are different guys quoting Jennyclay like this naaw 🥺 She's considered by a lot of Nairalanders to be a misandrist. |
Politics › Re: NECA, Oil Marketers To FG: Shun Pride, Review Fuel Subsidy Removal, ₦ Flotation by maestro299: 9:08am On Feb 22, 2024 |
Oracleee: Do you get to sleep at night?
I just marvel at your sycophancy online and wonder how you get to sleep with such toxic mindset Please don't even pay attention to that moniker. His/her reality isn't the same as mine or yours. |
Business › Re: FG Blocks Binance, Coinbase, Octafx, Kraken, Other Crypto Firms - Premium Times by maestro299: 12:54am On Feb 22, 2024 |
tuoyoojo: The fg knows what to do but rather they refuse to go after those who are the cause of the problem
Who are the people mopping up the forex . are they not politicians
How do u improve the economy
Go from consumption to production.
Invest in agriculture, improve secuity, ensure local production for exportation, improve power reduce the luxurious live styles of government, let the masses see ur sincerity that you are not paying lip services to their plight and see how things would change
Above all kill corruption. Use a few top rated people as examples and see how the country would fall in line but alas he that comes to equity must come with clean hands
Buhari did all these knee jerk response during his time. Where did it lead us to
The govt keep doing the same things and expecting different responses. Kole werk Finally, someone with his/her thinking cap on. The Nigerian government is in many ways, a function of the Nigerian mindset. They believe in fighting the symptoms instead of facing the root cause. |
Politics › Re: Nigeria Runs A Diesel ECONOMY. Government Is Yet To Understand. by maestro299: 12:35am On Feb 22, 2024 |
DeLaRue: Diesel has not been subsidised about 4 years.
We can't go back to subsidising it.
Nigerians just don't understand the scale of the problems facing the country.
Nigeria is broke. I repeat, this country is super broke.
Mr Buhari's government was borrowing to subsidise petrol. Should we borrow more and more to add diesel subsidy?
Which generations will pay back all these debts? Broke? Maybe according to the 'official' stats doctored by the rogues in government. This country is super rich. We are just being ruled by greedy black idiots who don't understand how to really make money and build lasting wealth. |
European Football (EPL, UEFA, La Liga) › Re: Luton Vs Manchester United (1 - 2) On 18th February 2024 by maestro299: 5:38pm On Feb 18, 2024 |
2 goals in 7 minutes Højlund on 🔥🔥🔥🔥🔥🔥 |
Business › Re: What Can N50 Buy In Your Area? by maestro299: 2:18pm On Feb 18, 2024 |
EreluRoz: Coincidentally I'm seeing my birth year in one of those years you mentioned. But I read about him and how he transformed Lagos. Others before him couldn't do much. For where? Old mama like you.  |
Business › Re: What Can N50 Buy In Your Area? by maestro299: 2:15pm On Feb 18, 2024 |
UncleAyo: World's Top Performing Currency and Insight for Naira
* Government/CBN should stop the printing 500 NGN notes and 1,000 NGN notes (the use of #200 note should be sparingly) and officially discontinue the use of these currencies!
* Reintroduction of Nigeria coins, 50Kobo, 1 NGN and 2 NGN.
* Focus should be on Local Business and not call for foreign investment; as foreigner will eventually and continually repatriate their profits in USD. (learning from what is happening in China)
Welcome, lets get started by examining the top 10 performing currencies in the world to gain necessary insights before drawing our conclusions.
*.Kuwait Dinar KWD: ( 1 KWD = 4,920.49 NGN ) Bank notes: 1/4, 1/2, 1, 5, 10, 20 Dinars -------------- Highest denomination == 20 Dinars; Coins == Yes Coins: 5, 10, 20, 50, 100, 200 Fils
*.Bahraini Dinar BHD: ( 1 BHD = 4,021.64 NGN ) Bank note: BD 1/2, BD 1, BD 5, BD 10, BD 20 --------------- Highest denomination == BD 20; Coins == Yes Coins: 5, 10, 25, 50, 100 Fils, BD 1/2
*.Omani Rial OMR: ( 1 OMR = 3,937.77 NGN ) Bank note: 1/2, 1, 5, 10, 20, 50 Rials --------------- Highest denomination == 50 Rials; Coin == Yes Coin: 50, 10, 20, 50, 100 baisa and rarely used 200 biasa
*.Jordanian Dinar JDD: ( 1 JDD = 507,65070 NGN ) Bank notes: 1, 5, 10, 20, 50, Dinars ------------------- Highest denomination == 50 Dinars; Coin == Yes Coins: 1/2, 1, quirsh, 21/2, 5, 10 Piastras
*.British Pound GBP: ( 1 GBP = 2,135.49 NGN ) Bank notes: €5, €10, €20, €50 ----------------------- Highest denomination == €50; Coin == Yes Coins: 1P, 2P, 5P, 10P, 50P, €1, €2
*.Caymanian dollar KYD: ( 1 KYD = 1,815.81 NGN ) Bank notes: 1, 5, 10, 25, 50, 100 Dollars ------------------- Highest denomination == 100 Dollars; Coin == Yes Coin: 1, 5, 10, 25 Cents
*.Euro EUR: ( 1 EUR = 1,631.43 NGN ) Bank notes: €5, €10, €20, €50, €100, and €200 --------------- Highest denomination == €200; Coin == Yes
*.Swiss Franc CHF: ( 1 CHF = 1,719.44 NGN ) Bank note: 10, 20, 50, 100, 200, 1000 francs ------------------- Highest denomination == 200 francs; Coin == Yes Coins: 5, 10 and 20 Rp/cts, 1/2, 1, 2 and 5 Fracs
*.United State dollar USD: ( 1 USD = 1600 NGN ) Bank note: $1, $2, $5, $10, $20, $50, $100 ----------------- Highest denomination == $100; Coin == Yes Coins: 1C, 5C, 10C, $1/4, $1/2, $1.
Go back to the list once again and check what's the highest denominations of each currency (and population of users of each currency), You will discover that the top performing currencies do not have high face value like we have 500 NGN and 1,000 NGN in Nigeria.
Also, you will notice that the top performing currencies have coins form of currency with denomination of very low face value.
The highest of the denomination is 1000 Franc followed by 500 EUR. 1000 Franc is not in frequent use and the highest Franc denomination next to it is 200 Frank ( not like 500 NGN as we have here in nigeria ). Also the use of 500 EUR was discontinue in year 2018.
Get a hold on history of exchange rate in Nigerian, you will find out that every introduction of new high (face value) denomination currency note has adverse effect on exchange rate.
Why High Denominational Currency Note Is Bad: 1. Increase in prints of currency notes with high face value e.g 1000 NGN makes other lower currency of less important and less useful. This can gradually lead to upgrade of price of goods and services in market.
2. It makes stealing, looting and hoarding of cash easier as larger amount of money value can be packed into a very small space.
3. 500 NGN and 1000 NGN are no money for the common man, go to the market and examine what denomination are most in use.
4. It's in a way opposing the cashless policy by the federal government of Nigeria.
What The Wise Nations Did: 1. United State of Ameria used to have $500, $1000, $2000 currency notes until December 14, 1945, when the high denominational bills were last printed and officially discontinued on July 14, 1969 by the Federal Reserve System.
2. Europian Central Bank announced on 4 May, 2016 that it would phase out the 500 Euro notes by the end of 2018.
Other Factors That May Affect The Exchange Rate Of A Currency Include: 1. Ratio of goods/services importation to exportation
2. Availability of currency and number of complying users.
The Illegal illegal printing of currency by the CBN according to as reported by some news media outlets has a long way to desctroy value on our cash.
3. Inflation rate
4. Government debts and federal reserve.
5. Political policies and stability
6. And many more
My Recomendations: Nigerian government should permanently discontinue and remove 500 NGN and 1,000 NGN currency notes from circulation. Reintroduction of 50 Kobo, 1 NGN and 2 NGN coins should also be done.
A government fighting corruption will yield to this advice as abundance of lower denomination currency will discourage looters from hoarding and keeping cash in a safe instead of bank.
Caveat emptor: This writeup is a personal opinion resulting from my many observations. It is not a scholarly work and should not be treated as one. Copy-and-paste bloggers should please reference the link and author of the article.
TOP PERFORMING CURRENCY (UPDATED CONVERSION RATEs)
1. Kuwaiti dinar (KWD) The Kuwaiti dinar is the strongest currency in the world with 1 Kuwaiti dinar buying 3.26 US dollars (or, put another way, US$1 equals 0.31 Kuwaiti dinars).
Kuwait is located between Saudi Arabia and Iraq, earning much of its wealth from being a leading global exporter of oil. The Kuwaiti dinar was introduced in the 1960s and was initially pegged to the British pound before being re-pegged to an undisclosed basket of currencies.
2. Bahraini dinar (BHD) The Bahraini dinar is the second strongest currency in the world with 1 Bahraini dinar buying 2.65 US dollars (or US$1 equals 0.38 Bahraini dinars).
Bahrain is an island nation in the Persian Gulf off the coast of Saudi Arabia. Like Kuwait, the country earns much of its wealth from oil and gas exports. The Bahraini dinar entered circulation in 1965 and is pegged to the US dollar.
3. Omani rial (OMR) The Omani rial is the third strongest currency in the world with 1 Omani rial buying 2.60 US dollars (or US$1 equals 0.38 Omani rial).
Oman sits between the United Arab Emirates and Yemen at the tip of the Arabian peninsula. As with its other wealthy neighbours, Oman is a major exporter of oil and gas. The Omani rial was introduced in the 1970s and is pegged to the US dollar.
4. Jordanian dinar (JOD) The Jordanian dinar is the fourth strongest currency in the world with 1 Jordanian dinar buying 1.41 US dollars (or US$1 equals 0.71 Jordanian dinar).
Jordan is largely land-locked country in the Middle East. Jordan is less dependent on oil and gas exports than its neighbours and has struggled with sluggish economic growth and rising debt. The Jordanian dinar entered circulation in 1950 and is pegged to the US dollar.
5. British pound (GBP) The British pound is the fifth strongest currency in the world with 1 British pound buying 1.28 US dollars (or US$1 equals 0.78 British pounds).
Britain is the sixth largest country by Gross Domestic Product (GDP), according to the World Bank. The pound was first introduced in the 1400s before being decimalised in 1971. It is free-floating and thus not pegged to other currencies.
5. (Tie) Gibraltar pound (GIP) The Gibraltar pound is the joint fifth strongest currency in the world with 1 Gibraltar pound buying 1.28 US dollars (or US$1 equals 0.78 Gibraltar pounds).
Gibraltar is located at the southern tip of Spain and is officially a British territory. The Gibraltar pound was first introduced in the 1920s and is pegged to the British pound (at par, meaning that one GIP equals one GBP).
6. Cayman Islands dollar (KYD) The Cayman Islands dollar is the sixth-strongest currency in the world with 1 Cayman Islands dollar buying 1.20 US dollars (or US$1 equals 0.83 Cayman Islands dollars).
The Cayman Islands is a British territory in the Caribbean and is an offshore financial centre. The Cayman Islands dollar was first introduced in the 1970s and is pegged to the US dollar.
7. Swiss franc (CHF) The Swiss franc is the seventh strongest currency in the world with 1 Swiss franc buying 1.15 US dollars (or US$1 equals 0.87 Swiss francs).
The Swiss franc is the official legal tender of Switzerland and Liechtenstein and is seen as a safe haven due to Switzerland’s political stability. The Swiss franc was introduced in 1850 and was later briefly pegged to the Euro before moving to a free-float.
8. Euro (EUR) The Euro is the eighth strongest currency in the world with 1 Euro buying 1.10 US dollars (or US$1 equals 0.91 euros).
The Euro is the official currency of the Eurozone, being 20 out of the 27 countries that form part of the European Union. The physical currency entered circulation in 2002 and is free-floating.
Related: Euro to AUD forecast
10. US dollar (USD) The US dollar is the 10th strongest currency in the world, worth exactly 1 against itself. All other units of currency across the globe are worth less than a US dollar.
Created in the 1700s, the US dollar is legal tender in the USA, other US territories and sovereign nations including Ecuador and Zimbabwe.
The US is the world’s largest economy by GDP and the US dollar is by far the most-traded currency globally.
The US dollar is also the largest reserve currency in the world (the currency most held by central banks) and is the currency used to price many commodities, including oil, gold and copper. https://www.forbes.com/advisor/au/investing/currencies/top-10-strongest-currencies-in-the-world/
My piece of contribution.  I laff in Swahili. Who are you writing all that epistle for? Nigerian leaders and politicians? You think they don't know how to fix this country? They know even more than you do. They are just leveraging on the average Nigerian's ignorance and poverty status to be wicked to the masses and loot the nation to their heart's content. |