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Nairaland Forum / Nairaland / General / Business / Top Ten African Currencies Compared To US Dollar (46868 Views)
NAIRA Vs Other African Currencies In Africa / Nigerian Naira To Other African Currencies Presently / We Compared Nigerian Naira To Other African Currencies, The Result Is Shocking (2) (3) (4)
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Re: Top Ten African Currencies Compared To US Dollar by omoadeleye(m): 10:17pm On May 11 |
Commendable |
Re: Top Ten African Currencies Compared To US Dollar by Amah70: 10:18pm On May 11 |
Op take note: a few years back, Ghana 🇬🇠removed some zeros from its Cedi. 6.Ghanaian Cedi (Ghana) Currency Name: CediCode: GHCCurrent Exchange Rate: $1 = GH₵ 13.89 A country's exchange rate to the US Dollar is not a true measure of the country's economic strength. 6 Likes |
Re: Top Ten African Currencies Compared To US Dollar by yewit37486: 10:19pm On May 11 |
Throwback: See the person calling others ignorant. Smh. |
Re: Top Ten African Currencies Compared To US Dollar by Dawdy(m): 10:21pm On May 11 |
muyico:Last number in Africa 1 Like 1 Share |
Re: Top Ten African Currencies Compared To US Dollar by Meti99(m): 10:21pm On May 11 |
When APC miscreants are rejoicing over 1$=1300 1 Like |
Re: Top Ten African Currencies Compared To US Dollar by Beverlyjean(f): 10:24pm On May 11 |
Tallesty1: They arenot as corrupt as Nigeria .... Buharis government moved most of the country's money thru Cryptos , so that it would not be traced ... Nigeria is not a country that should operate crypto, cos crypto enables criminality...and Nigeria is the hub of criminals 2 Likes |
Re: Top Ten African Currencies Compared To US Dollar by nextdoorpal: 10:24pm On May 11 |
Islie: Sad how my beloved country has degenerated in less than three decades. Like a phoenix, we shall rise someday soon despite all the pervading gloom. 3 Likes |
Re: Top Ten African Currencies Compared To US Dollar by Throwback: 10:26pm On May 11 |
yewit37486: You want to disgrace yourself today? If you do not know anything about currency exchange and economic size or performance, better keep quiet and learn. 3 Likes |
Re: Top Ten African Currencies Compared To US Dollar by yewit37486: 10:27pm On May 11 |
Throwback: Learn from a chief troll? No thanks. 1 Like |
Re: Top Ten African Currencies Compared To US Dollar by Amah70: 10:27pm On May 11 |
Throwback: First time I read your comment laden with facts apart from your Britain and UK error. Most probably, you had US in mind but typed UK. |
Re: Top Ten African Currencies Compared To US Dollar by Jocdon(m): 10:29pm On May 11 |
CodeTemplar:I hate nonsense coments, why can't your country adjust their own and make it the strongest and let's see if the world will end. You people should stop defending incompetency and unreasonable leaders. 3 Likes |
Re: Top Ten African Currencies Compared To US Dollar by DaddyGngeess(m): 10:29pm On May 11 |
Blackfire: I don't understand, do you meant CFA used by Benin republic? If yes it has bench naira since last year, 10k naira gives you 4k cfa now, yesterday it was even 10k naira to 3700CFA |
Re: Top Ten African Currencies Compared To US Dollar by sonofsteven: 10:34pm On May 11 |
CodeTemplar: 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 1 Like 1 Share |
Re: Top Ten African Currencies Compared To US Dollar by Ategberoson(m): 10:35pm On May 11 |
A lot of uneducated fellas here, ignorant in politics and economy, all thanks to Peter obi the container minister of economic making the influx of imbeciles possible on social media 1 Like |
Re: Top Ten African Currencies Compared To US Dollar by thatigboman: 10:35pm On May 11 |
Efuaye:Naira was actually higher than dollar in the 70s to mid 80s https://www.nairaland.com/3902518/naira-dollar-exchange-rate-1972-2017 1 Like
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Re: Top Ten African Currencies Compared To US Dollar by Franking: 10:35pm On May 11 |
Naira will obviously be the worst. Wondering what hell is like? Wonder no more. Nigeria is it. 1 Like |
Re: Top Ten African Currencies Compared To US Dollar by excanny: 10:41pm On May 11 |
Zonefree: Ghana cedi is deceptive. They removed 2 zeros from it artificially. 6 Likes |
Re: Top Ten African Currencies Compared To US Dollar by excanny: 10:42pm On May 11 |
Zonefree: Ghana cedi is deceptive. They removed 2 decimal points from it artificially. |
Re: Top Ten African Currencies Compared To US Dollar by Okhuadams(m): 10:42pm On May 11 |
Islie:On top of it all we still remain the Giiant abi na Goliath of Africa 1 Like |
Re: Top Ten African Currencies Compared To US Dollar by Badadvisor: 10:44pm On May 11 |
Take off Ghana from that list |
Re: Top Ten African Currencies Compared To US Dollar by 7upnigeria: 10:44pm On May 11 |
Efuaye: Nigeria is a mix of FORTUNE and MISFORTUNE. From the weathy states of Lagos that has the metro rail, generates huge IGR and has a private petrol refinery to the poor states of the North battling banditry, insurgency, religious extremism spiced with poverty. Nigeria has seen it all. Same country battling hunger is same country the citizens have taste for imported goods at the detriment of their currency. I doubt if we know where we're going in this country. 2 Likes |
Re: Top Ten African Currencies Compared To US Dollar by eniorisha(m): 10:45pm On May 11 |
Well, Nigeria can overtake all of them, as far as our currency value is concern if our government can encourage & lead massive productions across all sectors, particularly in agriculture & its value chain, as well as fight corruption to a standstill. Nigeria is not only a consuming nation but a nation of devourer/wasters of d meagre produces & resources. 2 Likes |
Re: Top Ten African Currencies Compared To US Dollar by sonofsteven: 10:52pm On May 11 |
muhammaduyusufu: The way una dey reason sef In china small table water na like 2yuan (400naira ) You don't need to judge a currency based on your own currency Will you say yuan or china purchasing power is high? Now the reality should be 1 is 1, 100 should be 100 Which means 2yuan should be 2 naira If water na ordinary 2yuan, I should be able to buy water 2naira You can't say because your naira is weak, others buying with their currency is something else A pack of indomitable(5pcs ) in china I'd 14.99yuan Which is almost 3,000naira If you check am in dollars through naira it should be almost 4dollars will you say the purchasing power in china is high? No 5kg rice na 400yuan almost more than 80,000naira Now all these I mentioned are cheaper here when you are making your money here and spending here I hope you understand You don't use your own currency to judge another's spending power or currency If you are to do that Let 1 be equivalent to 1 Let 100naira be 100yuan Then if they are buying things higher in numbers then you can say their purchasing power is higher Most of my appliances like TV 85in refrigerator double door etc na here I buy am Because with 5,000yuan you buy bigger things wey be almost 1million naira in naija... With these explanations I do hope you understand 7 Likes |
Re: Top Ten African Currencies Compared To US Dollar by ibtommy(m): 10:56pm On May 11 |
Islie: How we take wowo like this sef? Who we offend? |
Re: Top Ten African Currencies Compared To US Dollar by Alamkir: 11:01pm On May 11 |
Zonefree: They forgot to add that Ghana removed two zero digit from their currency |
Re: Top Ten African Currencies Compared To US Dollar by sonofsteven: 11:04pm On May 11 |
RenaissanceGuy: Exactly besides if it's possible for this government, they would have done it before buhari left power It's not easy Throwback just dey try defend himself If numbers were equal worldwide Then anyone buying something higher will be termed as a country with high purchasing power Eg.. 100naira is 100dollars If US con dey buy water 2dollars and we dey buy water 1naira then we fit talk But if I'm spending 10dollars to eat to my satisfaction, while in USA that uses dollars, someone using naira will say we spend too much on food because he couldn't eat to his satisfaction with the same 10naira..am I supposed to use naira in a country that uses dollars... things are made cheaper to them that lives in that country and make their money in that country I dey chop African food here with today's rate it's 10k per morning, 10k afternoon and night more than 10k depending on the food I want to eat but least is 10k naira You will say it's expensive but to us here,it's cheaper because 50yuan is 50yuan not 10,000yuan So let it be 50naira too You can't use your own currency to judge another's currency because what you buy with naira is cheaper when they convert their money into naira 4 Likes |
Re: Top Ten African Currencies Compared To US Dollar by sonofsteven: 11:08pm On May 11 |
I hope Nigeria can remove the zeros in naira to make it the strongest currency We fit dey buy food 10naira to chop bellefu and cheaper commodities so that our neighbors fit dey envy us say we remove zeros to make it look stronger I est my case 1 Like |
Re: Top Ten African Currencies Compared To US Dollar by occfx: 11:17pm On May 11 |
Islie: The zoo currency is not here |
Re: Top Ten African Currencies Compared To US Dollar by nedekid: 11:20pm On May 11 |
Cooldowntemper:Seconded. |
Re: Top Ten African Currencies Compared To US Dollar by Bayajjidda: 11:22pm On May 11 |
muyico: Last |
Re: Top Ten African Currencies Compared To US Dollar by nedekid: 11:23pm On May 11 |
sonofsteven:I think it is called PPP Purchasing power parity. 2 Likes |
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