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Nairaland Forum / Nairaland / General / Business / ECOWAS Adopts ECO As Name Of Single Currency (44038 Views)
ECOWAS Set To Unveil Single Currency ECO / ECOWAS Adopts ECO As Name Of Single Currency,elects Niger President As New Chair / ECOWAS Seeks Proposals For Single Currency Logo, Name (2) (3) (4)
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Re: ECOWAS Adopts ECO As Name Of Single Currency by chronnister(m): 4:07pm On Jun 30, 2019 |
lapo:As in e tire me 1 Like |
Re: ECOWAS Adopts ECO As Name Of Single Currency by NnamdiN: 7:05pm On Jun 30, 2019 |
Princedapace:I think we're still better than east Africans |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Amuocha: 7:12pm On Jun 30, 2019 |
Amazing |
Re: ECOWAS Adopts ECO As Name Of Single Currency by tsdarkside(m): 8:07pm On Jun 30, 2019 |
franchasng: you can join those moroons already now....use sniper....why wait....?? 2 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by felixroyal(m): 8:21pm On Jun 30, 2019 |
Abeg I pray make this eco get strength against dollar so that I go convert all my money to dollar and wait for 4-5 years and reap my investment |
Re: ECOWAS Adopts ECO As Name Of Single Currency by haryomikun(m): 11:27pm On Jun 30, 2019 |
aaronson:Won't like what news? Dey there. They know we'll fvck the currency up with useless inflation like Africans always fvck everything else up. Besides its Gadaffi not Kadaffi. Dey read sometimes na. This is a public forum please 1 Like |
Re: ECOWAS Adopts ECO As Name Of Single Currency by haryomikun(m): 11:35pm On Jun 30, 2019 |
Yohh:It will... Then it'll eventually recede against other currencies. Abi no be Africa? The answer doesn't lie in a strong exchange rate. It's about positive terms of trade against other countries outside of the Ecowas. What they're creating is a Political Union, one of the key steps to achieving free trade in the West African region. If corruption doesn't cease to exist and West Africa doesn't make key development, even if the ECO currency has a strong exchange rate at first, we'll see a repeat of the Nigerian economical development since the 1980s and it's currency, the naira. 4 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by cactusland(m): 1:03am On Jul 01, 2019 |
Abkreizi:And Naija be the Greece of ECOWAS |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Bejusttoall: 1:06am On Jul 01, 2019 |
End time prophecy being fulfilled.. Prepare for eternity. Jesus is the only way to God |
Re: ECOWAS Adopts ECO As Name Of Single Currency by undisputedgbola(m): 1:11am On Jul 01, 2019 |
blackseed:West Africa you mean to say. |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Ugosample(m): 1:22am On Jul 01, 2019 |
NnamdiN: not true |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Ugosample(m): 1:26am On Jul 01, 2019 |
fairhope: you have said it all 1 Like |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Ugosample(m): 1:28am On Jul 01, 2019 |
Litmus: you have said it all |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Ugosample(m): 1:31am On Jul 01, 2019 |
Just30:a currency that depreciated 500 % plus in 10 years cannot be better than the NGN in real terms from about 1 cedi to 1 usd in 2008/9 to almost.5.5 today in 2019 and you guys still have mouth to talk 2 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Ugosample(m): 1:36am On Jul 01, 2019 |
Yyeske: true sha 2 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Ugosample(m): 1:40am On Jul 01, 2019 |
InvertedHammer: African countries are not as productive as it should be That us why the currency is weak nothing more 3 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by tsdarkside(m): 3:24am On Jul 01, 2019 |
Bejusttoall: shvt the fvck up with your white man nailed to a piece of wood....!! tell that moroon if he dares come back we will nail am to a bicycle....!! 2 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by tsdarkside(m): 3:34am On Jul 01, 2019 |
Ugosample: forget ghanaians....very useless and annoyin people....i meet some of them in europe.... i cant stand their guts....i would love to punch each and every of them in the face....!! 2 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 5:28am On Jul 01, 2019 |
vaxx: What are going on about? Exactly what part of “Nigeria will NOT be ready” was too difficult to understand?! > |
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 5:34am On Jul 01, 2019 |
haryomikun: What’s this obsession with exchange rates? A common currency has little to do with rates but primarily to do with facilitating internal trade. > |
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 5:36am On Jul 01, 2019 |
Ugosample: Kuwait has the world’s “strongest” currency but produces very little... > 1 Like |
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 5:54am On Jul 01, 2019 |
fairhope: “Sovereignty” carved out by a bunch of white dudes in a Berlin conference room? The Yoruba in SW Nigeria have more in common with the Yoruba in Benin Republic than with the Tiv or Kanuri in Nigeria. The Hausa up north have more in common with their kin in Niger Republic than with the Ibo or Ibibio in Nigeria. It is quicker to get from Ogun State to several parts of Benin Republic than to Benin City, and from Lagos to Lomé in about half the time it takes to get from Lagos to Lafia. We can elect to either remain PRISONERS of our tortured and checkered past or assume CONTROL over our collective futures. The choice is stark! > 1 Like |
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 6:15am On Jul 01, 2019 |
InvertedHammer: The Premise: 1) Import-dependent economy; 2) Political/Economic instability; The Catalyst: 3) Oil-price crash; 4) Less dollars available; The Result: 5) More/same Naira chasing less dollars; 6) Exchange rate crash. Not rocket science really! > |
Re: ECOWAS Adopts ECO As Name Of Single Currency by vaxx: 6:23am On Jul 01, 2019 |
9jaRealist:2020 is just by the corner. Nigeria will not be ready shouldn't be too difficult for you not to comprehend. And which of my input is incorrect to you this time. |
Re: ECOWAS Adopts ECO As Name Of Single Currency by InvertedHammer: 6:25am On Jul 01, 2019 |
9jaRealist:/ Everything you mentioned didn't start in 2015. Oil hit $25 in 2016 and has been in recovery to $75 in 2019. In 2018-2019, there has been no correlated recovery in naira. So it can't be oil price. By the way, I requested no textbook explanations bc that's what they use to hoodwink African leaders like Mr. Buhari. / |
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 6:29am On Jul 01, 2019 |
InvertedHammer: The Naira fell all the way to N520/$1 before oil prices started to recover and reserves started re-accruing... Of course, the Premise pre-dated 2015. Often, a catastrophic illness is usually a result of years of unhealthy habits/lifestyle. > 1 Like |
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 6:38am On Jul 01, 2019 |
vaxx: Are you sure you are OK? Or perhaps it’s just me who finds the English language to be pretty simple to comprehend. SMH 9jaRealist: 9jaRealist: 9jaRealist:> |
Re: ECOWAS Adopts ECO As Name Of Single Currency by chrisagyei: 6:59am On Jul 01, 2019 |
Ugosample:you see how funny you guys are.Your naira was 1 naira to a dollar in 1985-90 and deprecated more than 5000% percent to 97 naira to dollars in 1997.Let's see,in 2008,about ten years ago,the naira was 117 to a dollar and now in 2019,400 naira -1dollar.Calculate the percentage increase since 2008.That's over 10,000% increase.
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Re: ECOWAS Adopts ECO As Name Of Single Currency by vaxx: 7:55am On Jul 01, 2019 |
9jaRealist:so you technically wrong with your reasoning initially when you were identify my statement as incorrect. Interesting. |
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 8:00am On Jul 01, 2019 |
vaxx: First, those posts were mostly (if not all) BEFORE yours.. Thus, NOT “technically wrong” with anything. You just have a problem understanding basic English. Cheers. > |
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 8:03am On Jul 01, 2019 |
vaxx: Meanwhile, the only limited thing I flagged as “incorrect” was your FACTUAL misstatement about Nigeria’s fiscal deficit... > |
Re: ECOWAS Adopts ECO As Name Of Single Currency by vaxx: 8:19am On Jul 01, 2019 |
9jaRealist:Lol. But that is the policy binding eco currency implementation. Which Nigeria currently does not meet. You are only stating Nigeria domestic law was to be blame for that as it does not encouraged it to meet the law. Which i later let you know it is the reasons behind the current mess in Nigeria. |
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