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The High Value Of The Naira In The Eighties (Picture Proof) - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessThe High Value Of The Naira In The Eighties (Picture Proof) (42817 Views)

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The High Value Of The Naira In The Eighties (Picture Proof) by Nobody: 7:40pm On Nov 24, 2015
At times when we are told about how the Naira had more value than the Dollar inthe Eighties,we take it with a pinch of salt. Today i saw a proof in my house with my very own eyes...
An old Book written in the Eighties,with the prize of the book in some countries currencies. The Naira was among these currencies(clearly because it was among the big bills then)...
Note the date and the prize in Naira and Dollar and Pound..

Re: The High Value Of The Naira In The Eighties (Picture Proof) by Vision4God: 7:45pm On Nov 24, 2015
Interesting.
Change so constant in life.
Re: The High Value Of The Naira In The Eighties (Picture Proof) by Nobody: 7:47pm On Nov 24, 2015
cryCc lalasticlala Abeg na
Re: The High Value Of The Naira In The Eighties (Picture Proof) by Bonapart(m):
And so?
Re: The High Value Of The Naira In The Eighties (Picture Proof) by englishmart(m): 8:01pm On Nov 24, 2015
how the mighty fell
Re: The High Value Of The Naira In The Eighties (Picture Proof) by Mogidi: 8:01pm On Nov 24, 2015
This was in 1981, fast forward to 1984 when Buhari almost killed it, he's back now to murder it forever.
Re: The High Value Of The Naira In The Eighties (Picture Proof) by biafranqueen: 8:01pm On Nov 24, 2015
Before Buhari took office I see....
Re: The High Value Of The Naira In The Eighties (Picture Proof) by mascot87(m): 8:02pm On Nov 24, 2015
IBB, see what you have done to our Naira. You will be punished for this.
Re: The High Value Of The Naira In The Eighties (Picture Proof) by noetic5:
Today all we see is one head is better than two grin grin

Re: The High Value Of The Naira In The Eighties (Picture Proof) by biafranqueen:
Daminaj1:
wow. when did it all go wrong
The same thing that is happening now....
1984 New York Times
Because of the current international petroleum glut, revenues from oil -the source of no less than 94 percent of Nigeria's export earnings - no longer offer a hope of quick relief from the economic crunch.

In theory, Nigeria could earn more foreign exchange by cutting its oil price and increasing its market share. But in March, after reducing the price of its Bonny Light from $35 to $30 a barrel, Nigeria pledged not to lower prices further. What's more, Nigerian output is already close to the limit agreed to under current OPEC guidelines. And any unilateral price cuts at this point would probably set off a price fight among oil exporting nations, a nasty skirmish that Nigeria would be unlikely to win.
When you Fail economics and mathmatics in school your not really a good choice to take over a fragile economy.

Re: The High Value Of The Naira In The Eighties (Picture Proof) by Nobody: 8:02pm On Nov 24, 2015
undecided THIS IS WHY WE VOTED IN BUHARI TO REPLICATE THE GLORY THE NAIRA HAD BACK IN THE 80'S. WHEN HE PROMISED TO MAKE THE DOLLAR EQUAL TO NAIRA, MANY HATE FILLED IPO-DUNCE YOUTHS STARTED RAINING INSULTS ON HIM ALL BECAUSE THEY WANT BIAFRA THAT WILL NEVER COME TO PASS. MTCHEEEEW undecided
Re: The High Value Of The Naira In The Eighties (Picture Proof) by SunstarS(m): 8:02pm On Nov 24, 2015
There is Stil Hope... IN GEJ'S VOICE...






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Re: The High Value Of The Naira In The Eighties (Picture Proof) by damton(m): 8:02pm On Nov 24, 2015
Speaking of the good old days
Re: The High Value Of The Naira In The Eighties (Picture Proof) by kenbee(f):
STILL REMEMBER THAT PMB promised to make Liberian DOLLAR equivalent to one naira.
NOTE: 1 Naira = 2.1763 Liberian Dollar for now, So Sai Buhari is still on it.
Re: The High Value Of The Naira In The Eighties (Picture Proof) by gift01: 8:03pm On Nov 24, 2015
This country dey auto reverse since the late 70's. And one of those responsible is still our GCFR- and his cabal
Re: The High Value Of The Naira In The Eighties (Picture Proof) by swaggss: 8:03pm On Nov 24, 2015
okay noted bro,we hope to see that in the next 50years grin grin grin...na joke o
Re: The High Value Of The Naira In The Eighties (Picture Proof) by Nobody: 8:04pm On Nov 24, 2015
There was no need to show the rosicrucian digest full page like you are advertising or evangelizing for them. The currency page was just enough
Re: The High Value Of The Naira In The Eighties (Picture Proof) by Nobody: 8:04pm On Nov 24, 2015
E go better
Re: The High Value Of The Naira In The Eighties (Picture Proof) by kingarizona1(m): 8:04pm On Nov 24, 2015
what's this one??
Re: The High Value Of The Naira In The Eighties (Picture Proof) by Beno3: 8:04pm On Nov 24, 2015
Cool
Re: The High Value Of The Naira In The Eighties (Picture Proof) by Mogidi: 8:04pm On Nov 24, 2015
Daminaj1:
wow. when did it all go wrong
It changed when Bubu became head of state.
Re: The High Value Of The Naira In The Eighties (Picture Proof) by Kennitrust(m): 8:04pm On Nov 24, 2015
join FP
Re: The High Value Of The Naira In The Eighties (Picture Proof) by 9jvirgin(m): 8:05pm On Nov 24, 2015
Omaseo
Re: The High Value Of The Naira In The Eighties (Picture Proof) by scholes23(m): 8:05pm On Nov 24, 2015
I have a dream that one day, Nigeria will return to those good old days when #1 or 50kobo=£1/€1/$1. So help us God. Amen
Re: The High Value Of The Naira In The Eighties (Picture Proof) by thompson1510(m): 8:05pm On Nov 24, 2015
End Time Money
Re: The High Value Of The Naira In The Eighties (Picture Proof) by Youngzedd(m): 8:05pm On Nov 24, 2015
The question is
Re: The High Value Of The Naira In The Eighties (Picture Proof) by capsule(m): 8:05pm On Nov 24, 2015
...the beginning of fraternity......so even in the eighties...u people had 'end time book'...
Re: The High Value Of The Naira In The Eighties (Picture Proof) by pretydiva(f): 8:05pm On Nov 24, 2015
Naija will be great again..click like if u believe n share If u disagree
Re: The High Value Of The Naira In The Eighties (Picture Proof) by Segadem(m): 8:05pm On Nov 24, 2015
ok
Re: The High Value Of The Naira In The Eighties (Picture Proof) by peterovanski(m): 8:06pm On Nov 24, 2015
Ok sha
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