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Nigerian Naira Fast Becoming The Weakest Currency In Africa - Politics (2) - Nairaland

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Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by caprini1: 1:23pm On Sep 20, 2019
Just30:
can $1 buy what 400 naira can buy?
if your answer is no ...go and sleep
We talking Africa this one is talking dollars .
Re: Nigerian Naira Fast Becoming The Weakest Currency In Africa by Just30: 2:13pm On Sep 20, 2019
caprini1:
We talking Africa this one is talking dollars .
because all currencies are pegged to the dollar


simple economics

if you want to compare currencies

take 400 naira and come and spend it in Ghana
and let me take 5 cedis and come and spend it nigeria.

my 5 cedis will be king and i wont feel a thing


same way, compared to the Swedish SEK my Cedi was completely worthless in Stockholm

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