₦airaland Forum

Ignorant and educated illiterates everywhere! How did nairaland descend this low! Rather than focus on the very positive effects this could have in fast-tracking africa's development with the western world, foools are shouting end time!! Ugggghhhh!!!!!

10 Echos = 100 Dollars..

The beginning of end of time

ibnjarir93:
Euro- and some Euro Zone member countries- current struggles should serve as a deterrent to such kind of move, yet policy makers turn a blind eye.

What do you know about currencies?

end time.... one world currency

Abeg, 4get d either, wit dis end-time period we shuld be thinking of hw to end dis ECOWAS TREATY........SCHENGEN don put d EUROPEAN countries 4 trouble na.....

IGBO people will counterfeit it and it will become useless like CFA!

jayfolarin:
Ignorant and educated illiterates everywhere! How did nairaland descend this low! Rather than focus on the very positive effects this could have in fast-tracking africa's development with the western world, foools are shouting end time!! Ugggghhhh!!!!!

Forget it!!!

As one with an economics background I dare say that this plan is a disaster!!!!!

All West African countries are commodity based countries e.g. Nigeria -Oil, Ghana- Oil and Cocoa, Niger - Uranium and the rest. These commodities are volatile in nature, and when the price of one of these commodities fall, under a common currency, the entire region is in hot peppersoup.

Look at what is happening to Nigeria, oil prices have fallen, and our currency has taken a serious hit. If Nigeria shared a common currency with the rest of west Africa, you see that Nigeria would have dragged the currency, as well as other countries down.

Again, for a common currency to work, there has to be a hifg volume of intra west African trade. Do you know that intra regional trade in Africa accounts for only about 10% of total trade? Why then do you need a common currency?

Lastly, fiscal indiscipline is rife in west Africa, the biggest culprits being Nigeria, Ghana and Sierra Leone. Under this condition you try implementing a common currency, you have set yourself up for disaster.

The EU these people want to imitate are very different from them.

Show me a currency in west Africa that has a strong exchange rate? The fraconphone countries ll never allow this to with rk

chris4gold:
Gadafi plan

Exactly!!!!!

PROVACATEUR:
Show me a currency in west Africa that has a strong exchange rate? The fraconphone countries ll never allow this to with rk

Cedes will be preferable for a common currency with the African countries, their money has value!!!!!

Implimenting since 19bc

is that their problem?

D name of d currency wil be cal 'ECO' taught in finance dept of unilag

free2ryhme:
No to single currency. That is the reason Europe is sinking now and the Euro is on free fall for the past one year. Greece's problem has affected the entire eurozone and still affecting. They may be able to absorb the shock but West Africans cannot

No, you are wrong.

First of all, you dont understand the economic structure of Europe.
What happened was bound to happen because there was significant gap between the countries that started the Euro Zone Currency.
Apart from Ireland which was included due to political freedom from the United Kingdom, all the other countries that started the Euro currency were Western European countries. There were Eastern European countries that wanted to join but were told to wait. They are currently being integrated one after the other.

Germany was the powerhouse, followed by France, Holland, Italy, Austria, Belgium and down to the poorest among them. Portugal, Greece and Even Spain were not that rich. Germany had to carry them along which meant that they needed time to stabilize. Euro is never on a free fall, its one of the most stable currencies in the World. It is your currency Naira that is on a free fall.

Now lets come to West Africa. This is the best time to merge because no country among us can boast of being significantly better than the rest. We are all poor and will remain poor for some time to come. It is better that we start now and blend along the way. The moment any one country in West Africa grows up to the standard of living of South Africa, Tunisia, Morocco or Egypt, it will be difficult to convince the country to join the same currency bandwagon.

Nigerians should take a look at Euro, british still didnt give in................................. Naira Beta oooooooo

Endtime currency........Rapture Loading,,,ωε all nid jesus more than ever b4!!!

yousee:
Naira go be like British Pounds wey England no gree change to Euro.
We no go join them too when them change to Wafru abi na WAD...west African dollar

Na only england be british? Na only dem dey use pounds?

Smartresult:
Not

naira just confuse for running backwards.

no Wonder we were forced to do BVN....now am beginning to undstand

no Wonder we were forced to do BVN....now am beginning to undstand...lolz

When will Africa stop copy and paste? Is common currency economic threat facing us now? Even EU we are trying to copy is having issues with their currency. Africa look inward and develop a true path for your advancement!

I'm 99% confident, it will not work. They should rather intensify their focus on deepening trade ties rather than some unrealistic wishy-washy mantra.

Karleb:
What do you know about currencies?

Nothing

free2ryhme:
No to single currency. That is the reason Europe is sinking now and the Euro is on free fall for the past one year. Greece's problem has affected the entire eurozone and still affecting. They may be able to absorb the shock but West Africans cannot

we can always be the "germany" of West africa! Using it to our strength

ibnjarir93:
Nothing

Then I suggest you don't engage yourself in its discuss.

Karleb:
Then I suggest you don't engage yourself in its discuss.

Hey you braggart, go learn the difference between discuss and discourse.

My Firts Time to say End Time!!!!!

ibnjarir93:
Hey you braggart, go learn the difference between discuss and discourse.

Sure, I will.

Right after you learn about currencies.

Karleb:
Sure, I will.

Right after you learn about currencies.

That is after I made sure you ate humble pie.

ibnjarir93:
That is after I made sure you ate humble pie.

No no no, you're not getting it.

It's actually after I made you admit you know nothing about what you're contributing to. I'm sure your opinion about EUR/Euro Zone are just hearsay and beer palour discussions.


Now tell me, who ate the humble pie?

End time move indeed