₦airaland Forum

muyico:
pls, what the rate of this Korean money ,I found in a cloths ,b4 I demolished my papa Hux🤔🤔

The owner of that money is probably looking for it in South Korea

brain54:
I just burst out laughing loud now...


Because I remembered some wild goose wreckless chase I and my friend went on back then when I just got admission.

I don't know where the monkey got 10,000 Italian lira. We thought we hit a jackpot only to find out it was worthless paper.


I don really do some crazy adventurous weird stuff back in the days for this my life though.


Op that stuff is probably worthless crap piece of paper!

Not worthless bro
Go buy 3/4 bottles of beer

muyico:
pls, what the rate of this Korean money ,I found in a cloths ,b4 I demolished my papa Hux🤔🤔

About 9k more or less.

Clairvoyancy:
Toor! Make op just use am arrange Hollandia yogurt and 5k suya...

One plate of catfish pepper soup and one bottle of Odeku go make sense...don't you think so?

muyico:
pls, what the rate of this Korean money ,I found in a cloths ,b4 I demolished my papa Hux🤔🤔

1 Won=N0.94.

Federalofficia:
Economist in the house, please why is it that nigeria naira is better than some countries currency and some countries currency are way far low to dollars compared to Nigeria naira to dollars yet some of these countries economy are fine and are rate well better than Nigeria and some countries in africa

Corruption is the major problem here in Nigeria

Federalofficia:
Economist in the house, please why is it that nigeria naira is better than some countries currency and some countries currency are way far low to dollars compared to Nigeria naira to dollars yet some of these countries economy are fine and are rate well better than Nigeria and some countries in africa

We keep telling people that the value of a currency to the dollar doesn't determine the performance of the economy. There are fundamental things to consider. When you want to discourage imports it will pay you to have low value to the dollar so that imports will be expensive.

An export oriented country will benefit more if their currency is low in value. Most Asian currencies have low value to the dollar.

The Nigerian situation is because the only major export which is crude oil is priced in dollar and the price is determined internationally. In the days of so much petrodollar the government arbitrarily fixed the value high. This encouraged all manner of imports. Industries died because it was cheaper to import finished goods than to produce locally.

As the petrodollar started reducing we couldn't defend the high rate. First we started borrowing to defend it. Secondly we started selling upfront to defend it. Funds that should be used for provision of infrastructure were used to defend the naira.

We got to a dead end so we have to reverse the old order. Of course it will affect everything in the economy. We are going back to the Asian model. Devalue, make imports more expensive to discourage imports and encourage local production. Exporters will earn more.

In time past I personally use foreign suits, shirts, perfume etc. They are too expensive now so I use locally produced ones. My shoes are still foreign but I manage them carefully because they are not cheap to buy.

muyico:
pls, what the rate of this Korean money ,I found in a cloths ,b4 I demolished my papa Hux🤔🤔

9,390 naira

If it's not
Dollar
Euro
Pounds

Forget it

People can now see how dumb it is to base economic performance on currency unit. Abi you wan tell me say S. Korean's economy is not better than Nigeria's own by far?

FreeStuffsNG:
It is 10k Korean won. It is currently equivalent of N9,300.

Korean won s less valuable than naira. 10K WON is less than N10k

I’m not sure it’s even worth up to 10 thousand Naira.,

brain54:
I just burst out laughing loud now...


Because I remembered some wild goose wreckless chase I and my friend went on back then when I just got admission.

I don't know where the monkey got 10,000 Italian lira. We thought we hit a jackpot only to find out it was worthless paper.


I don really do some crazy adventurous weird stuff back in the days for this my life though.


Op that stuff is probably worthless crap piece of paper!

I think our money is almost the same value just that they have a far far far better economy, better minimum wage and correct purchasing power

kpankpangolo:
In another thread, this one will claim that he can feed Dangote’s whole generation. Person wey wealthy, na okrika he dey wear? ROFLMAO.

Hahaha

DoctorAyukebot:
I better not share my experience with a 5.000 Lira in 1998..Lol...

Pls do share...

Dpaulie:
Not worthless bro
Go buy 3/4 bottles of beer

For where he go change am...?

Those abokis won't change it. That paper worthless bro.

Let him keep it as a piece of souvenir!

R2bees2:
Since it's currently worth 9500 or there about, alsi can't be exchanged anywhere in Nigeria, kindly look for people that collect stuffs, like these Art collectors, they will probably buy from you, if you can sell 3K hit me up

look at u Dem say something is worth 9400 u say u want to buy it 3k,u no even mentioned even half d worth sef

Lanretoye:
Something you can simply google,u Dey create needless topic here

nothing is needless for example dis was d first time I actually knew Nigeria currency is slightly higher Dan south Korea own, if something doesn't interest u it doesn't mean it doesn't interest others

Olat4421:
look at u Dem say something is worth 9400 u say u want to buy it 3k,u no even mentioned even half d worth sef

If no one is willing to exchange it then how is it worth that amount...?

FreeStuffsNG:
It is 10k Korean won. It is currently equivalent of N9,300.

Korean won s less valuable than naira. 10K WON is less than N10k

So Naira self superior than some foreign money

kpankpangolo:
In another thread, this one will claim that he can feed Dangote’s whole generation. Person wey wealthy, na okrika he dey wear? ROFLMAO.

Guy no kill person with laugh this morning, who tell you, he rich pass dangote generation

brain54:
For where he go change am...?

Those abokis won't change it. That paper worthless bro.

Let him keep it as a piece of souvenir!

You get a point here; 👍

kpankpangolo:
In another thread, this one will claim that he can feed Dangote’s whole generation. Person wey wealthy, na okrika he dey wear? ROFLMAO.

Tinubu uncles junior brother's friend.

muyico:
pls, what the rate of this Korean money ,I found in a cloths ,b4 I demolished my papa Hux🤔🤔

All that chest-beating, but na okrika pocket miracle dey excite you?
From known sycophant and wannabe economist to bend-down select economist real quick.
Sycophancy no dey pay salary, apparently.

MadamVanessa:



This is about 40 billion in naira. Bro congratulations, you're made for life.

He go use am come pay your bride price.

muyico:
pls, what the rate of this Korean money ,I found in a cloths ,b4 I demolished my papa Hux🤔🤔

This equivalent to N22m

Op, pull down your father house first before I tell you the worth in Naira

In fact just go and slap your landlord now because once you change this money you don become landlord yourself

tunjijones:
Naira is even worth more than south Koran won. How come anytime dollar go up in Nigeria most people will want to die cos everything will go very expensive, how come it's not the same in south Korea.

Ohhhh, I remember, they are self sufficient, they produce most of the things that they consume not like lazy Nigeria that import almost all that they consume.

It's such a shame on Nigeria.

South Korea is an exportation country producing batteries, cars and other technologies. Nigerian is not like that.

This is jackpot! Brother, quit your job. Your time for enjoying has come.

muyico:
pls, what the rate of this Korean money ,I found in a cloths ,b4 I demolished my papa Hux🤔🤔

#10k

tunjijones:
Naira is even worth more than south Koran won. How come anytime dollar go up in Nigeria most people will want to die cos everything will go very expensive, how come it's not the same in south Korea.

Ohhhh, I remember, they are self sufficient, they produce most of the things that they consume not like lazy Nigeria that import almost all that they consume.

It's such a shame on Nigeria.

The answer is simple, and you have answered that already. Things go expensive cos we feel the shock significantly, simply because we are not self sufficient and we are largely a consuming nation rather than a manufacturing nation.

I remember seeing like four of this in clothes back then

That's Korean Won. 10,000 won is less than $10.
It will fetch you some bottle of beers and pepper soup.