₦airaland Forum

mrvitalis:
What has expensive have to do with their currency performance ? U no go school?

Ofemannnu:
They are still correcting your ignorance,you still persist.
They don't do aggregate of the strength of a currency the way you are doing.
A currency is either strong or weak at a particular point in time.
The strongest currency in the world is the currency of Kuwait.

motymop:
Because it does. Na you no go school.

The only reason the cedis is doing well is because gold and cocoa are in high demand in the international market.

At the end of the day, Ghana is a poor country.

The only people benefitting from a stronger cedis is those buying and selling the cedis.

The cost of import will be high and foreign investors will be scared of investing thus less jobs are created.

A devalued currency help in bringing foreign investors

motymop:
Because it does. Na you no go school.

The only reason the cedis is doing well is because gold and cocoa are in high demand in the international market.

At the end of the day, Ghana is a poor country.

The only people benefitting from a stronger cedis is those buying and selling the cedis.

The cost of import will be high and foreign investors will be scared of investing thus less jobs are created.

A devalued currency help in bringing foreign investors

Skydivine:
You can say that again. One of the weakest currencies in the world is Japanese Yen. Lol
The third greatest economy

MetalJigsaw:
Keep deceiving yourself.

BlackViper:
Because it has been stuck at N1500 since last year.

It was the worst performing currency last year and it has never recovered it's value since Tinubu took office in 2023

Antichristian2:
And it wasn't included in the list...

BlackViper:
They included last year's list (2024) for context which includes the naira.

This year's list mentions currencies that have been massively devalued in 2025.

Since the Naira has already lost over 300% of its value beginning from May 29th 2023, there was no need to mention it on this year's list.

Antichristian2:
So that means currently Naira is more stable than all those currencies!

DaFuhrer:
15 WORST CURRENCIES AGAINST THE US DOLLAR — 6 JUN 2025

YoY Loss Against USD:
1 🇬🇭Ghana: -31.09%
2 🇹🇭Thailand: -11.49%
3 🇷🇺Russia: -11.20%
4 🇲🇾Malaysia: -9.86%
5 🇸🇪Sweden: -8.90%
6 🇮🇸Iceland: -8.88%
7 🇨🇭Switzerland: -8.38%
8 Japan: -8.08%
9 🇹🇯Tajikistan: -7.85%
10 🇹🇼Taiwan: -7.66%
11 🇲🇦Morocco: -7.60%
12 🇦🇱Albania: -7.03%
13 🇮🇱Israel: -6.99%
14 🇱🇸Lesotho: -6.09%
15 🇳🇦Namibia: -6.09%


This was the result as at April 2024

YoY Loss Against USD:
1 🇱🇧Lebanon: -497%
2 🇸🇾Syria: -418%
3 🇦🇷Argentina: -296%
4 🇳🇬Nigeria: -134%
5 🇸🇸South Sudan: -88%
6 🇲🇼Malawi: -70%
7 🇹🇷Türkiye: -68%
8 🇦🇴Angola: -67%
9 🇪🇬Egypt: -56%
10 🇻🇪Venezuela: -48%
11 🇿🇲Zambia: -46%
12 🇧🇮Burundi: -39%
13 🇨🇩Congo: -34%
14 🇧🇾Belarus: -30%
15 🇱🇦Laos: -24%
https://x.com/StatiSense/status/1784926861853610360?t=KK7ZcFw4vL_iy-Xblpqtlg&s=19[/quote]Interesting insights.

NOTHING is ever static in terms of global economic performance because we live in a world of business and economic cycles... Cycles of boom and bust. Period.

BlackViper:
That's like saying that a patient in a coma is in stable condition.

Antichristian2:
Go and try those countries wey dey stable like Libya na!

mrvitalis:
Lol 🤣😂🤣😹cocoa has been expensive for over 2 years

Gold price has going up since 2023

So why now in 5 month did we see a 50% value gain

motymop:
Gold price has not been going up since 2023

Gold price started pumping in May 2025 and that month got to an Ath of 3400. That price helped lift the country’s gold export earnings from $7.6 billion in 2023 to $11.6 billion in 2025

mrvitalis:
So tell me again why did the cedis start to improve after their new president

As u can see gold performance don't correlate with gold performance

BlackViper:
Who in their right mind would want to live in a Sharia country? Even Libyans don't want to live in Libya

Antichristian2:
I want to live in Saudi ooo!

Abeg if you get sure link!

Libyans were fine before they use their hands to oust Gadafi!

Same thing we were trying to do later in Endsars!

BlackViper:
You want to live in a country that is desperately trying to become Westernised?

Antichristian2:
I want to live in a country where Islam is better practiced!

BlackViper:
Then I recommend Afghanistan