₦airaland Forum

FreeStuffsNG:
Lol at Cedi forming strong. Smh.

Cedi was redenominated in 2007 by knocking off 4 zeroes and since then has lost more than 10 times in value such that 1 new cedi is today equivalent of almost 1 million old cedis.

From 2007 till date, Naira had nearly depreciated by 15 times yet the Ghanaian cedi had depreciated by more than x100,000!

So only ignorant folks will not see the folly of including the Ghanaian cedi on the list. Naira is far worth more! A million cedis in 2007 is now worth about $1 in Ghana whereas a million naira in 2007 is worth about between $600-700 today.

The Ghanaian cedi should not even be on the list in practical terms.

kings59:
A guy at a bank was telling me that Nigeria is rich that see naira everywhere.

I asked him one question:

Outside Nigeria, where can you spend naira?

He went mute.

Your naira is only internal.

FreeStuffsNG:
Lol at Cedi forming strong. Smh.

Cedi was redenominated in 2007 by knocking off 4 zeroes and since then has lost more than 10 times in value such that 1 new cedi is today equivalent of almost 1 million old cedis.

From 2007 till date, Naira had nearly depreciated by 15 times yet the Ghanaian cedi had depreciated by more than x100,000!

So only ignorant folks will not see the folly of including the Ghanaian cedi on the list. Naira is far worth more! A million cedis in 2007 is now worth about $1 in Ghana whereas a million naira in 2007 is worth about between $600-700 today.

The Ghanaian cedi should not even be on the list in practical terms.

ribbit:
Currency strength is not about exchange rate to the dollar.


An illiterate from vanguard wrote this list.

Currency power is about purchasing power.

If Nigeria redenomiate it's currency like Ghana did and we removed 00 from 1k.
1usd = 1.50usd

Does that change the purchasing power?

hkidola00:
but seriously,if you have brain, why are nigerians rushing to ghana for better life

VeeVeeMyLuv:
Is Nigeria still a giant of Africa?

Note: I am not asking whether it is the giant

hkidola00:
but seriously, if you have brain, why are nigerians rushing to ghana for better life

hkidola00:
[/quote][quote author=Lanruze post=134857762]

ribbit:
Currency strength is not about exchange rate to the dollar.


An illiterate from vanguard wrote this list.

Currency power is about purchasing power.

If Nigeria redenomiate it's currency like Ghana did and we removed 00 from 1k.
1usd = 1.50usd

Does that change the purchasing power?

Racoon:
Meanwhile, the value of the currency here have been greatly devalued that a dollar is now 1600 to the naira. No thanks to the economic cluelessness and incompetency of some idiots that were unfortunate to grace the national life of a country.

Owon:
Shame on Nigeria

Even War-torn Libya still has a very good economy


GHANA ON THE LIST


1 GHANA CEDIS = 10,000 REAL CEDIS


GHANA HAS ONE OF THE WORST CURRENCY IN THE ENTIRE WORLD.

STEWpid:
C h a i..

It has very little to do with looting but the mismanagement of the economy by hands who can barely manage their families









The impact of the long years of monumental looting and mismanagement,,
Now, Naira to USD is N1,600 to 1$


Nigeria matter no dey worry me again,
Abeg make I chop my goat meat peppersoup in peace,,

Racoon:
https://www.vanguardngr.com/2025/04/top-10-strongest-currencies-in-africa-2/

Top 10 Strongest Currencies in the World in 2024

https://www.vanguardngr.com/2024/07/top-10-strongest-currencies-in-the-world-in-2024/

FreeStuffsNG:
If you have brain, you will know that smart Ghanaians will rather hold their assets in naira. I will not glorify your touted pecuniary migration to Ghana for serious crimes, internet fraud and money laundering to evade EFCC and NDLEA jail.

Guestmale:
Which Ghana

nairalanda1:
Seychelles has a small population and a massive export of some stuff the world needs

FreeStuffsNG:
If you have brain, you will know that smart Ghanaians will rather hold their assets in naira. I will not glorify your touted pecuniary migration to Ghana for serious crimes, internet fraud and money laundering to evade EFCC and NDLEA jail.

ribbit:
Currency strength is not about exchange rate to the dollar.


An illiterate from vanguard wrote this list.

Currency power is about purchasing power.

If Nigeria redenomiate it's currency like Ghana did and we removed 00 from 1k.
1usd = 1.50usd

Does that change the purchasing power?

kings59:
A guy at a bank was telling me that Nigeria is rich that see naira everywhere.

I asked him one question:

Outside Nigeria, where can you spend naira?

He went mute.

Your naira is only internal.

hkidola00:
if you dont wory about the state of the nation, very soon, you fit no see that peppersoup eat again

ElevationD:
That’s alright.

- Decisively deal with insecurity.
- Make agriculture your priority.
- Stop the reckless looting and stealing of public resources.
- Deal with all forms of corrupt practices.
- Get the industries to work.
- Get the exports going.
- Protect all rare earth’s minerals and make generate huge revenues through them.
- Increase oil exploration and production.
- Block all avenues of stealing oil

Stop this reckless devaluation, borrowing, etc.
President to end frequent medical tourism to France. The French President does not come to Nigeria for medical tourism of “state visit”. He should fix the healthcare system in this country.

Naira will begin to pick up.

Instead of “renewed hope agenda”, let’s have “Make Nigeria Great For The First Time ( MNGFTFT)”, just like Trump’s MAGA agenda.

FreeStuffsNG:
If you have brain, you will know that smart Ghanaians will rather hold their assets in naira. I will not glorify your touted pecuniary migration to Ghana for serious crimes, internet fraud and money laundering to evade EFCC and NDLEA jail.






It's sheer waste of time educating you. This kind of stuff is above what your education and network can comprehend
Just stay on your beer parlor gossip level.