₦airaland Forum

Seirra Leone has redominated her currency, Ghana did in 2008, Nigeria should do it now as the currency is stable. A 1450 to the dollar would become 14.50 to the dollar. What do you guys think considering the stability of the Naira.

There's no need to redominate the Naira yet

Parachoko:
There's no need to redominate the Naira yet

Why, I think we Nigerians are obsessed with millions we cannot fathom our 1 million naira being equivalent to 10,000.00 Naira.

IT SHOULD BE N7.5 : $1..
MINISTRY OF COMMERCE SHOULD CONTROL PETROL AT N750 PER LITER AND DANGOTE SHOULD PUT CEMENT DOWN TO N750 PER BAG.

It does not make any difference

KnowAll:
Why, I think we Nigerians are obsessed with millions we cannot fathom our 1 million naira being equivalent to 10,000.00 Naira.

This your statement is a false statement.

The naira is doing fine, on the long run, it will keep on appreciating

Redonominating the Naira won't lead to any positive effect on the economy.

We will have to spend billions of naira to print new notes.

lastmessenger:
It does not make any difference

Thank you for your reply. They think their salary or wealth won't be redenominated too!

Even if I understood what you meant, which kind grammar you use?

Many people in Nigeria lack capacity for effective policies that promotes growth. Look at what this one is suggesting. How does redenomination of currency add value to the currency , or help economic growth? una no just get sense for this app

Parachoko:
This your statement is a false statement.

The naira is doing fine, on the long run, it will keep on appreciating

Redonominating the Naira won't lead to any positive effect on the economy.

We will have to spend billions of naira to print new notes.

But most Illetrate Nigerians think our currency is too weak so to give them a semblance of strength you go the redomination route. At least Ghana did and they are giving us wotowoto saying if they bring 100 cedis to Nigeria they will get millions.

Dont redominate .

Misterone:
Thank you for your reply. They think their salary or wealth won't be redenominated too!

These your comment amaze me 😆 🤣
Sure you hit the nail.

KnowAll:
Why, I think we Nigerians are obsessed with millions we cannot fathom our 1 million naira being equivalent to 10,000.00 Naira.

So true.

math2001:
Dont redominate .

Illustrates. Una go Dey say Tinubu took the money to 1500 now we say make redenominate so that 1500 will be 15 you say no.

KnowAll:
But most Illetrate Nigerians think our currency is too weak so to give them a semblance of strength you go the redomination route. At least Ghana did and they are giving us wotowoto saying if they bring 100 cedis to Nigeria they will get millions.

Well, if the Naira is redominated, it won't lead to any positive thing.

Yardua rejected the idea when Soludo suggested redominating the naira

Asiwaju won't also support it

Parachoko:
This your statement is a false statement.

The naira is doing fine, on the long run, it will keep on appreciating

Redonominating the Naira won't lead to any positive effect on the economy.

We will have to spend billions of naira to print new notes.

I expect naira yoba dollar to be at 450 naira or less
I can see the reason it's so high

We produceodt of things we eat and export lots of things .
We produce our petroleum products more now and depend less on import products so why is dollar so high even higher than when nigeria was not producing anything at all for export so to me I will tell you that economy does not determine naira value, it may determine for other countries o but not nigeria.

Imagine benin republic ,Togo etc without even a single refinery and depend on nigeria for many things v more valuable currencies


Can you imagine that ?

KnowAll:
Seirra Leone has redominated her currency, Ghana did in 2008, Nigeria should do it now as the currency is stable. A 1450 to the dollar would become 14.50 to the dollar. What do you guys think considering the stability of the Naira.

It is not necessary at this point

Dollar to 1450 is gooď, your ďiaspoŕà will not like if you redemonate

math2001:
Dollar to 1450 is gooď, your ďiaspoŕà will not like if you redemonate

Who told you so. Does Ghana not have diaspora.

KnowAll:
Who told you so. Does Ghana not have diaspora.

Nigeria economy is booming than ghana

It will be a win for Ashiwaju because people will remember he brought the exchange rate down from 1450 to 14.50.