Argentinian Pesos Per US Dollar, Three Years Ago And Now - Foreign Affairs (3)

Argentinian Pesos Per US Dollar, Three Years Ago And Now - Foreign Affairs (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › Foreign Affairs › Argentinian Pesos Per US Dollar, Three Years Ago And Now (27578 Views)

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Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by lagonovo: 8:51am On Feb 08

Obi is just a trader. He said so himself. He just reels out often disputed statistics to impress the simpleton. He cited Argentina to sound knowledgeable cos it was the hot topic back then cool

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Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Rekeb: 8:52am On Feb 08

Flets:
Nigeria’s reality is far worse.

2021 — ₦399
2022 — ₦423
2023 — ₦646
2024 — ₦1,480
2025 — ₦1,544

Maybe Argentina is better afterall

Liar!!!

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by seunmsg(m): 8:52am On Feb 08

ufotunang:
Nigeria exchange rate...
2023...750naira to a dollar
2024….1,600
2025……1,450
2026...1,380naira to a dollar

You don’t have to lie to make your country look bad.

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Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Gaabasky: 8:56am On Feb 08

blamingthedevil:
Argentinian pesos per US Dollar

Three years ago: 374

Two year ago: 825

One year ago: 1058

Now: 1442

With IMF and World Bank bail out. God is still Nigeria even with our stupidity

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Heffalump(m): 8:56am On Feb 08

DeLaRue:
Mr Obi is the least impressive of the potential major presidential candidates.

He rarely says anything on the economy that comes from original thinking.

He said we should copy Argentina. We should copy Indonesia. We should copy this and that.

Now that Mr Tinubu has applied his own original policies and steadied the economy to global acclaim, Mr Obi has gone quiet on his Argentina advice.

You picked on Obi and left Atiku because of your perceived and natural hatred for him. Has your Tinubu done better to improve the living standard of Nigerians since 2023? The state of the currency does not always define how well the economy is doing. Until now, the Chinese yuan and the Japanese yen were among the lowest in rates around the early 2000's. Their economy wasn't as bad as that of Nigeria today. Are the Argentines crying miserably like Nigerians today?

Obi remains the nightmare of you guys, just like the devil trembles at the mention of Jesus. Truly, light will always drive away darkness because darkness comprehends it not, and it shall continue to be so.

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Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Hightablevoice2: 8:57am On Feb 08

cr7lomo:
He meant that Nigeria should learn from Argentinas mistakes ... hate will not allow u people think

He actually said FG should adopt the Argentina Economic reforms. Although he was talking about poverty when he hinted that, but he did actually said so, and not that Nigeria should learn from ARGENTINA'S mistake

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Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Freshandfitpod: 9:02am On Feb 08

Flangelo12:
Trunp gave them 40 billion dollars for free just a few months ago.

Keep deceiving yourself that they performed a miracle.

He is doing well that why Trump gave them the dough.

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by monkautos(m): 9:16am On Feb 08

Stop twisting OBI statements this is exactly what he said.

“In Argentina, over 52% of its population lived in poverty by early 2024 according to the World Bank, with millions of Argentines unable to meet basic needs. Inflation was above 200%, and economic confidence had collapsed. Yet, within two years, through decisive action to cut waste in governance and prioritize economic stability,” Obi said.

“The newly inaugurated president was able to cut down the poverty rate to 38.1% from 52% in just 2 years and extreme poverty fell to 8.2%, with inflation just around 2–3% monthly.

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Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Flangelo12: 9:21am On Feb 08

dettolgel:
"For free" oga take am easy

It was a swap.

Argentina has failed 3 times when bailed out.

US knows they'll fail.

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by SolomonGrandi: 9:22am On Feb 08

Flets:
Nigeria’s reality is far worse.

2021 — ₦399
2022 — ₦423
2023 — ₦646
2024 — ₦1,480
2025 — ₦1,544

Maybe Argentina is better afterall

Unless you’re quoting alien rates even the parallel market is below N1,450 now while official rates dipped to N1,370.

So I ask you where you got your own rates for 2025?

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Mikuni(m): 9:31am On Feb 08

Flets:
Nigeria’s reality is far worse.

2021 — ₦399
2022 — ₦423
2023 — ₦646
2024 — ₦1,480
2025 — ₦1,544

Maybe Argentina is better afterall

Google is your friend. If you choose to be ignorant

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by benardtotti(m): 9:44am On Feb 08

blamingthedevil:
Atiku and his younger brother

The funny thing is if indeed BAT followed their suggestions and things became worse they will be the first to castigate him and deny they ever gave such advice .

Look how they backtracked about fuel subsidy .

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Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Teymanhenry(f): 9:48am On Feb 08

DeOTR:
Perhaps you have another alternative to subsidy removal when the nation is running on debt, our source of revenue is selling for half the price it used to be 10 years with more mouths to feed? Have you ever run a successful business? We should not remove subsidy? Are you the one that'll be paying it from your pocket?
Instead of you guys to ensure we force these people to stop spending recklessly, you want us to continue paying subsidy.

You probably choose to ignore where I mentioned that our leadership failed to improve Nigerians’ standard of living. If subsidy removal had come with visible economic benefits, people would accept and wouldn't complain of the higher fuel price.

This country will only truly progress when citizens vote based on competence, not party, tribe, or religion and hold leaders accountable for results.

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Trendtips(f): 10:07am On Feb 08

cr7lomo:
He meant that Nigeria should learn from Argentinas mistakes ... hate will not allow u people think

APC touts and their data team are bunch of ills lips unintelligent team. He is just asking us to be careful inorder not to end up like Argentina

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Trendtips(f): 10:08am On Feb 08

mascot87:
So you expect PBAT to take advice from a brewery specialist? You people are funny

Yet you support someone with a drug and money laundering past
The jokes resides with you

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by pfadom: 10:22am On Feb 08

Is this the Argentina of Peter Obi's economic copycat?

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Therokstar(m): 10:28am On Feb 08

Facts speaks.
Argentina's milei Government is performing much better than Nigeria's Tinubu:

Milei's libertarian agenda focused on drastic spending cuts, deregulation, and inflation control.

Inflation dropped dramatically from 211% annually in 2023 to around 31% by early 2026, with monthly rates as low as 2.1% in late 2025.

He achieved Argentina's first budget surplus in 14-16 years (1.8% of GDP in 2024).
The IMF projects 4.5% GDP growth for 2026, the highest in Latin America.

Poverty fell from a peak of 52.9% to 31.6-38.1% by mid-2025, aided by lower import costs and a record $18.9 billion trade surplus in 2024.

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Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Leonardo4(m): 10:43am On Feb 08

correctguy101:
Who you don see wey go use all their salary buy light?

Wonderment 😂😂

Lol so you don't know you can spend up to 100k per month on electricity in Nigeria? Go to iyanmo in Auvhi they have 247 light. And some houses spend as high as that per month

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by tctrills: 10:43am On Feb 08

DeLaRue:
Mr Obi is the least impressive of the potential major presidential candidates.

He rarely says anything on the economy that comes from original thinking.

He said we should copy Argentina. We should copy Indonesia. We should copy this and that.

Now that Mr Tinubu has applied his own original policies and steadied the economy to global acclaim, Mr Obi has gone quiet on his Argentina advice.

Some of you speak out of ignorance. The currency is just one aspect of the economy, The Argentine reforms is a modern day miracle.
Modern Argentina is the best example of how to turn a nation around in just 3 years. On the other hand, your brother Tinubu has destroyed the Nigerian economy to its worst outcomes ever. More poverty than ever before, more indebted than ever before, less manufacturing than ever before, and more insecurity that ever before.

Argentina on the other hand has greatly reduced it's deficit, inflation, it has become a capital magnet, it has reduced government spending in boasted private sector investment.
Please study and compare the 2 economies before your next comment on the matter.

1 Like

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by tctrills: 10:46am On Feb 08

Therokstar:
Facts speaks.
Argentina's milei Government is performing much better than Nigeria's Tinubu:

Milei's libertarian agenda focused on drastic spending cuts, deregulation, and inflation control.

Inflation dropped dramatically from 211% annually in 2023 to around 31% by early 2026, with monthly rates as low as 2.1% in late 2025.

He achieved Argentina's first budget surplus in 14-16 years (1.8% of GDP in 2024).
The IMF projects 4.5% GDP growth for 2026, the highest in Latin America.

Poverty fell from a peak of 52.9% to 31.6-38.1% by mid-2025, aided by lower import costs and a record $18.9 billion trade surplus in 2024.

Thanks
The ignorance on nairaland is the 8th wonder of the world. Imagine comparing a failure to one of the greatest leaders of the modern world.

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by tctrills: 10:49am On Feb 08

pfadom:
Is this the Argentina of Peter Obi's economic copycat?

Please do yourself a favour and study about the reforms in Argentina and how it has transformed the nation. Don't be too fast to type, study first, understand the issues on ground and then contribute.

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Proffessorr: 11:32am On Feb 08

blamingthedevil:
Argentinian pesos per US Dollar

Three years ago: 374

Two year ago: 825

One year ago: 1058

Now: 1442

Kindly check the numbers properly because Nigeria’s exchange rate isn’t better.
This topic is a failed propaganda attempt.

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by AngelicBeing: 11:33am On Feb 08

DeLaRue:
Mr Obi is the least impressive of the potential major presidential candidates.

He rarely says anything on the economy that comes from original thinking.

He said we should copy Argentina. We should copy Indonesia. We should copy this and that.

Now that Mr Tinubu has applied his own original policies and steadied the economy to global acclaim, Mr Obi has gone quiet on his Argentina advice.

You have started again ooooooooo, Wetin Obi Apga Bianca Lp Ojukwu Obidients Azikiwe do you, if you mention Obi again, I will restrict your account for 7 billion years ooooooooo mucheche Hahaha 😂

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Chopbeleful100: 11:41am On Feb 08

I never hear say person dey go angetina, unless maybe through neighbouring country

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by mohims(m): 11:52am On Feb 08

Racoon:
You country's currency does not have value, with its low purchasing power, low strength in respect to the dollar, being affected by worsening inflation and economic mismanagement by the slowpoke in power. It is the Argentinian Pesos that is your obsession.

Shut up already. Stop the hypocrisy. Learn to kiss the truth

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Josywhyte: 11:55am On Feb 08

DeLaRue:
Mr Obi is the least impressive of the potential major presidential candidates.

He rarely says anything on the economy that comes from original thinking.

He said we should copy Argentina. We should copy Indonesia. We should copy this and that.

Tinubu steadied which economy? Una go just dey talk anyhow. People are suffering and dying everyday, prices of commodities are on the high and you're here talking about steady economy. It seems you really enjoy the hardship Tinubu brings on Nigerians....
Now that Mr Tinubu has applied his own original policies and steadied the economy to global acclaim, Mr Obi has gone quiet on his Argentina advice.

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Wispower: 12:03pm On Feb 08

DeLaRue:
Mr Obi is the least impressive of the potential major presidential candidates.

He rarely says anything on the economy that comes from original thinking.

He said we should copy Argentina. We should copy Indonesia. We should copy this and that.

Now that Mr Tinubu has applied his own original policies and steadied the economy to global acclaim, Mr Obi has gone quiet on his Argentina advice.

Leave Obi alone and face your clueless president, when Obi becomes the president then you can make all these your noice ok

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by grandstar(m): 12:12pm On Feb 08

Ofunaofu:
Peter Obi lives rent free in una medulla oblongata

Obi didn’t say copy Argentina’s inflation.

If the peso collapsing is your only evidence, then you’ve accidentally proven why his advice was sound because your Tinubu's economy is mimicking Argentina, not fixing it.

Hasn't Okonji-Iweala and Charles Soludo not praised the Nigerian economic reforms?

Didn't she the economy is stabilising?

I am not interested in Argentina.

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Hammylawali: 12:44pm On Feb 08

cr7lomo:
He meant that Nigeria should learn from Argentinas mistakes ... hate will not allow u people think

Haaaa, May God almighty forgive you for this statement you posted about obi comment. Something we all read and how he was bragging about the policies of Argentina. This is not about hate, but being trustworthy about issues.

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by Jaycee07: 1:05pm On Feb 08

DeLaRue:
Mr Obi is the least impressive of the potential major presidential candidates.

He rarely says anything on the economy that comes from original thinking.

He said we should copy Argentina. We should copy Indonesia. We should copy this and that.

Now that Mr Tinubu has applied his own original policies and steadied the economy to global acclaim, Mr Obi has gone quiet on his Argentina advice.

How has President Tinubu steadied the economy?
You probably may have noticed some improvement in the value of Naira. Well, news flash: The greenback value has dipped 11% percentage.
The primary causes for the weakness were multiple interest rate cuts by the Federal Reserve and economic uncertainty surrounding tariff policies.
Just get that Straight. Naira hasn’t improved. Rather it’s the dollar value that has declined against international currencies.
I hope this helps. And I want Tinubu’s administration to succeed. His success means Nigeria’s success.
Having said that, we need to be factual and honest in our appraisal.

Re: Argentinian Pesos Per US Dollar, Three Years Ago And Now by mceze(m): 1:16pm On Feb 08

DeLaRue:
Mr Obi is the least impressive of the potential major presidential candidates.

He rarely says anything on the economy that comes from original thinking.

He said we should copy Argentina. We should copy Indonesia. We should copy this and that.

Now that Mr Tinubu has applied his own original policies and steadied the economy to global acclaim, Mr Obi has gone quiet on his Argentina advice.

Steadied which economy to global acclaimed? Tinubu is a failure when it comes to governance.

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