Argentina's Official Currency, Peso Completely Crashes - Business - Nairaland
Nairaland Forum › Nairaland General › Business › Argentina's Official Currency, Peso Completely Crashes (22204 Views)
| Argentina's Official Currency, Peso Completely Crashes by Ibrahimcoomasie(op): 4:42pm On Jul 14 |
Argentina's Peso is officially worthless. I wonder wht Peter Obi and Atiku would say to this since they said Nigeria should emulate Argentina. https://x.com/i/status/2076649884510294475
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| Re: Argentina's Official Currency, Peso Completely Crashes by Ibrahimcoomasie(op): 4:46pm On Jul 14 |
Atike and Peter Obi both made the news when they advised the government to emulate Argentina.
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| Re: Argentina's Official Currency, Peso Completely Crashes by Ibrahimcoomasie(op): 4:46pm On Jul 14 |
Some reactions from X. @Ogbenidipo Argentina’s peso has crashed into the ground with hyperinflation of over 200%, savings wiped out, salaries almost worthless. That’s the same Argentina some loud “experts” wanted Nigeria to copy. The peso is rubble, while the naira, with all our challenges is nowhere near that kind of currency freefall. All the overnight economists who shouted “copy Argentina!” “copy Argentina!” have suddenly gone quiet. Their model collapsed. They should be embarrassed . Nigeria dodged a disaster and the people who pushed that nonsense owe us an apology! https://x.com/OgbeniDipo/status/2076959520337600914?s=20
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| Re: Argentina's Official Currency, Peso Completely Crashes by 9jatriot(m): 4:53pm On Jul 14 |
To those folks who always claim that these 2 men would have done better. at least the report card is out and we can see that the things they recommended would have taken us many years backwards These are the questions they are supposed to be asking lamba king to comment on, instead they will be asking him soft questions as if he is a music artist or social media creator. The good thing is that he has at least confirmed that Nigerian CBN is doing a great job. Ibrahimcoomasie: |
| Re: Argentina's Official Currency, Peso Completely Crashes by Mankind2024: 4:56pm On Jul 14 |
Nigeria dodged an AK-47 bullet by rejecting the packaged fraud from Agulu and his boss from Cameroon. Almighty God, we thank you for the gift of PBAT, the best President in the history of Nigeria.
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| Re: Argentina's Official Currency, Peso Completely Crashes by Kobojunkie: 4:57pm On Jul 14 |
Ibrahimcoomasie:Hopefully, the communist/socialist era in Argentina is over with the election of a new government. Historically, Argentina has had left-leaning, populist, and Peronist movements that have favored strong labor unions and state intervention. However, the current government is led by libertarian president Javier Milei, whose administration has aggressively pursued free-market capitalism, economic deregulation, and the privatization of state-owned industries to reduce government spending. |
| Re: Argentina's Official Currency, Peso Completely Crashes by deetin(m): 5:09pm On Jul 14 |
It’s just 6kobo less than the naira and you say it’s worthless meanwhile naira has been worse .. so what do we call our naira because it’s 6kobo better than the Argentine peso ? We are almost the same In worthlessness |
| Re: Argentina's Official Currency, Peso Completely Crashes by Parachoko: 5:11pm On Jul 14 |
Ibrahimcoomasie:Upon all the Support Trump is given to them |
| Re: Argentina's Official Currency, Peso Completely Crashes by Parachoko: 5:13pm On Jul 14 |
deetin:So nah Naira Argentina dey use for International trade? |
| Re: Argentina's Official Currency, Peso Completely Crashes by Cybaghost: 5:18pm On Jul 14 |
Mumu analysis. Showing us a chart of Argentine currency collapse against the USA dollar from 2004 to 2025/2026. Why don’t you show us same for naira? In 2004 I know dollar was about or less than 100 naira but today it sits roughly at 1400, that is over 1400% decline. These Tinubu e urchins are really irritants |
| Re: Argentina's Official Currency, Peso Completely Crashes by deetin(m): 5:21pm On Jul 14 |
Parachoko:No but we sef are not using peso for international trade . Against the dollar we are only 6kobo better than them and the naira has been worse , so their worthlessness is our normality
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| Re: Argentina's Official Currency, Peso Completely Crashes by Parachoko: 5:31pm On Jul 14*. Modified: 8:55pm On Jul 14 |
deetin:It's an insult for you to be Comparing the Argentine Peso that has been redominated 4 times since 1970 with the Naira that has never been redominated 10 Peso, 20 Peso, 50 Peso, 100 Peso, 200 Peso and 500 Peso has become useless in Argentina, they can't buy you anything #100,#200 and #500 can do a lot of things in Nigeria #20 and #50 can still buy you somethings in Nigeria while 500 Peso can't get you anything in Argentina |
| Re: Argentina's Official Currency, Peso Completely Crashes by SeeWahala: 5:37pm On Jul 14*. Modified: 6:32pm On Jul 14 |
While data b0iz happily shake their kpankere nyasch for you on this thread . . . don't forget that common Vicks lemon plus is now N50 in the Aboki shop at your bus stop 🥺 Let's talk of road side satchet pure water later 😞 |
| Re: Argentina's Official Currency, Peso Completely Crashes by Gotocourt: 5:40pm On Jul 14 |
Ibrahimcoomasie:Argentina's national minimum wage (Salario Mínimo, Vital y Móvil) is 372,400 Argentine Pesos per month, which is roughly equivalent to $330 to $360 USD depending on the prevailing official or parallel exchange rate. |
| Re: Argentina's Official Currency, Peso Completely Crashes by chopnaira: 5:41pm On Jul 14 |
Mankind2024:This is why copying and plagiarism is frowned upon in academic circles. Na so we go just copy nonsense if we had listened to Atiku and his boy, Peter Obi. ![]() Peter Obi was so sure that you would think he has an advanced degree or PhD in economics from Harvard or Yale. It would have been better if he told us to copy his reforms in Anambra and not Argentina or Bangladesh. ![]() |
| Re: Argentina's Official Currency, Peso Completely Crashes by Belurved1(m): 5:48pm On Jul 14 |
We shall look into this after we complete the coastal road project. Please we're focus now..thanks ©Aso news update |
| Re: Argentina's Official Currency, Peso Completely Crashes by ILoveNG: 6:01pm On Jul 14 |
deetin:Naira has gained by 11.85% against USD in the last year while peso has weakened by 17.09% against USD in the last year. We know you are blinded by bitterness but You really can’t ignorantly equate the performance of naira with peso. If we had followed your dullard messiah, our case would have been worse than this. |
| Re: Argentina's Official Currency, Peso Completely Crashes by ddippset(m): 6:09pm On Jul 14 |
ILoveNG:You people should stop speaking without direction. Why would you listen to Obi in the first place? Is Tinubu running the economy himself? What about Cardoso and the Finance Minister? Why did Tinubu employ them? Do you think Obi would not have employed professionals as CBN boss and Finance Minister as well? |
| Re: Argentina's Official Currency, Peso Completely Crashes by Christistruth00: 6:17pm On Jul 14 |
The Argentina Peso is worthless doesn't mean that Argentina Economy is worthless Argentina has lots of Gold they only need to dig it out of the Ground and make sure they give the indigenous Indians their fair share so things can go well for them |
| Re: Argentina's Official Currency, Peso Completely Crashes by ILoveNG: 6:21pm On Jul 14 |
ddippset:Given that he’s not an expert just as you admitted and knowing fully well that he is still going to employ professionals to do the assignment, why was he then suggesting it ?? Just like every other things he has been blabbering about, Talk is indeed very cheap. You can see how he has been shamelessly denying his suggestions about subsidy |
| Re: Argentina's Official Currency, Peso Completely Crashes by floss(m): 6:25pm On Jul 14 |
9jatriot:Sometimes use your brain... And stop going about every thread looking for what to use to discredit obi... If obi tell you to import more arms into Nigeria to use and fight bandits and terrorists, and your government ends up handing those guns to bandits, will you say obi's advice or suggestion was bad ? |
| Re: Argentina's Official Currency, Peso Completely Crashes by ILoveNG: 6:29pm On Jul 14 |
floss:Of course you can find excuses for the failure of another country but your own country is “Finished” |
| Re: Argentina's Official Currency, Peso Completely Crashes by alanto: 6:30pm On Jul 14 |
Where are those people using Argentina president to insult Tinubu? Their currency has crashed o. But naira is getting stronger. |
| Re: Argentina's Official Currency, Peso Completely Crashes by 2special(m): 6:32pm On Jul 14*. Modified: 7:47pm On Jul 14 |
That one copied what Atiku said, Atiku said it in August 2024, Food is ready copied it in February 2025.....Two blind men |
| Re: Argentina's Official Currency, Peso Completely Crashes by Dshocker(m): 6:32pm On Jul 14 |
Ibrahimcoomasie:Despite their currency crashing, they are still far way more better than Nigeria economically and individually. |
| Re: Argentina's Official Currency, Peso Completely Crashes by geoworldedu: 6:32pm On Jul 14 |
alanto:Currency crashed doesn't mean it won't rise again. Our own currency that crashed at jet speed since 2023, it's crawling up and down like a snail and we are in 2026 already. |
| Re: Argentina's Official Currency, Peso Completely Crashes by oluwaseyi0: 6:33pm On Jul 14 |
Arghhh What really is wrong over there This was actually were Buhari and his dullardihno presidency is driving us to, mumu man was just printing naira like election postal papers |
| Re: Argentina's Official Currency, Peso Completely Crashes by atobs4real(m): 6:33pm On Jul 14 |
Even though this ones have the ability to turn things positive, our leaders here are busy looting money |
| Re: Argentina's Official Currency, Peso Completely Crashes by ewa20buredi100: 6:34pm On Jul 14 |
Life continues. Argentina will still beat England tomorrow |
| Re: Argentina's Official Currency, Peso Completely Crashes by atobs4real(m): 6:34pm On Jul 14 |
ILoveNG:Who turned Nigeria to this state? Please🙏🙏🙏🙏 |
| Re: Argentina's Official Currency, Peso Completely Crashes by PDPdestroyer(m): 6:34pm On Jul 14 |
The Obidients model of good governance….kikikikiki 😂 😂 😂 |
| Re: Argentina's Official Currency, Peso Completely Crashes by 2special(m): 6:35pm On Jul 14 |
9jatriot:They will still twist the narration. |
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