₦airaland Forum

crismark:
i jst dey pity ur foolishness here...

Person no dey do mistake for Ur village , abi u perfect? Oga park one side if u no get any tin sensible to say shut de Bleep up ....

I prefer to watch these girls than those O2 calling themselves super eagles

Shithole

YoungLionken:
We've seen /heard about males in love with physically deformed ladies, but how many females can reciprocate the kind gesture, how many really?
Anyway, wonderful combination*speaking tongue in cheek*

don't be bias no person marry Cobham , Yinka ayefele , steve wonder etc etc

She's beautiful

Nice write up bro

Samleen:
*If government can stop the printing 500 NGN notes and 1,000 NGN notes and officially discontinue its use!

*Reintroduction of Nigeria coins, 50Kobo, 1 NGN and 2 NGN.



Welcome, lets get started by examinining the top 10 performing currencies in the world to gain necessary insights before drawing our conclusions.

*.Kuwait Dinar KWD:  (  1 KWD = 1201.9611 NGN  )
Bank notes: 1/4, 1/2, 1, 5, 10, 20 Dinars
Coins: 5, 10, 20, 50, 100, 200 Fils


*.Bahraini Dinar BHD: (  1 BHD = 956.3254 NGN   )
Bank note: BD 1/2, BD 1, BD 5, BD 10, BD 20
Coins: 5, 10, 25, 50, 100 Fils, BD 1/2


*.Omani Rial OMR: (  1 OMR = 936.2906 NGN  )
Bank note: 1/2, 1, 5, 10, 20, 50 Rials
Coin: 50, 10, 20, 50, 100 baisa and rarely used 200 biasa


*.Jordanian Dinar JDD:  (  1 JDD = 507,65070 NGN  )
Bank notes: 1, 5, 10, 20, 50, Dinars
Coins: 1/2, 1, quirsh, 21/2, 5, 10 Piastras


*.British Pound GBP:  (   1 GBP = 504.8154 NGN   )
Bank notes: €5, €10, €20, €50
Coins: 1P, 2P, 5P, 10P, 50P, €1, €2


*.Caymanian Dollar KYD:  (  1 KYD = 432.7622 NGN   )
Bank notes: 1, 5, 10, 25, 50, 100 Dollars
Coin: 1, 5, 10, 25 Cents


*.Euro EUR:  (  1 EUR = 448.2926 NGN  )
Bank notes: €5, €10, €20, €50, €100, €200 and  €500


*.Swiss Franc CHF:  (  1 CHF = 388.1395 NGN  )
Bank note: 10, 20, 50, 100, 200, 1000 francs
Coins: 5, 10 and 20 Rp/cts, 1/2, 1, 2 and 5 Fracs


*.United State Dollar USD: (  1 USD = 360.5000 NGN   )
Bank note: $1, $2, $5, $10, $20, $50, $100
Coins: 1C, 5C, 10C, $1/4, $1/2, $1.




Go back to the list once again and check what's the highest denominations of each currency (and population of users of each currency), You will discover that the top performing currency do not have high face value like we have 500 NGN and 1,000 NGN in Nigeria.

Also, you will notice that the top performing currencies have coins form of currency with denomination of very low face value.

The highest of the denominaton is 1000 Franc followed by 500 EUR. 1000 Franc is not in frequent use and the highest Franc denomination next to it is 200 Frank ( not like 500 NGN as we have here in nigeria ). Also the use of 500 EUR will discontinue this year 2018.

Get a hold on history of exchange rate in Nigerian, you will find out that every introduction of new high denomination currency note has averse advese effect on it.


Why High Denominational Currency Note Is Bad:
1. Increase in prints of currency notes with high face value e.g 1000 NGN makes other lower currency of less important and less usefull. This can gradually lead to upgrade of price of goods and services in market.

2. It makes stealing and loothing of cash easier as larger amount of money value can be packed into a very small space.

Why do CBN currently print more high denominational currency alone? Methink its in a bid to enhance hoarding of cash against the comming 2019 general election.

3. 500 NGN and 1000 NGN are no money for the common man, go to the market and examine what denomination are most in use.

4. It's in a way opposing the cashless policy by the federal government of Nigeria.


What The Wise Nations Did:
1. United State of Ameria used to have $500, $1000, $2000 currency notes until December 14, 1945, when the high denominational bills were last printed and officially discontinued on July 14, 1969 by the Federal Reserve System.

2. Europian Central Bank announced on 4 May, 2016 that it would phase out the 500 Euro notes by the end of 2018.



Other Factors That May Affect The Exchange Rate Of A Currency Include:
1. Ratio of goods/services importation to exportation

2. Availability of currency and number of complying users.

The Illegal illegal printing of currency by the CBN according to as reported by some news media outlets has a long way to desctroy value on our cash.

3. Inflation rate

4. Government debts and federal reserve.

5. Political policies and stability

6. And many more



My Recomendations:
Nigerian government should permanently discontinue and remove 500 NGN and 1,000 NGN currency notes from circulation. Reintroduction of 50 Kobo, 1 NGN and 2 NGN coins should also be done.

A serious government fighting corruption will yield to my advice as abundance of lower denomination currency will discourage looters from hoading and keeping cash in a safe instead of bank.

Caveat emptor:
This writeup is a personal opinion resulting from my many observations. It is not a scholarly work and should not be treated as one. Copy-and-paste bloggers should please reference the link and author of the article.

She no lie at all

I concur especially fayose

2 is cooler even the coolest

May his soul rest well.... I pray for his family to have the fortitude to bear his lost

True but disagree about the wet road own

Thanks op

Wetin make we come do o

Really?

mespusinglez:
My Ex Messaged Me On Facebook saying.
"Happy Val In Advance Love, Lol i know you will be like 'This One Don Miss Road Abi?!!!

She Then Said What Will I Get For Her Tomorrow...
i'm yet to reply her...

That's the problem I have with most nigeria girls , they feel or believe gift giving is guys responsibility alone, stingy set of people, what's bad if she call u and say guy I no u re my ex but what can u get for u for Val ? Na so one dey ask me last December where is her Xmas gift I said ask Jesus it's His birthday not mine . They re so dumb that giving is guys duties alone . Bro as per Ur ex tell her whatsoever she get for u u will appreciate it..turn the table on her . Mad people

This one na yansh , come Lagos island come see yansh idi nla

Omooba77:
Lagos state waste disposal needs to be totally rejig; most junctions in Yaba, Ebute-Meta, Surulere, Ishaga, Lawason, Ajah, Osodi and so on are litered with heaps of refuse everywhere. Now that rain has come; air borne diseases and epidemics are closer to us! Please Gov. Ambode do something!

The tin tire me sef, the most painful one is the one at bus stop u go smell bad smell before u get bus or taxi

Uncle I uncle iiiiiiiii

because the blood shed and number of death people in Benue is more alarming to taraba own .... Party affiliation n politic aside Benue need to be consoled by we all regardless party or interest

It's well just believe

Hmmm

fpeter:
Reasons why the youths won't be taken seriously by the politicians.

They re even the ones worst with sleeping with girls because they don't come out to say it childishly like this guy?

Hiss nonsense

Ghenghen lala don see food

Only if we can be embraced real love for one another, Nigeria would have been better ...

Kobicove:
Unfortunately it's the truth!

Unfortunately it's the truth but fortunately it's not all nigerians likewise not all Rwandans.... We have heard some good gesture where larger money in millions are returned by nigerians... So?

Toks06:
His life,His business

Yes u re correct His life his business, and also his effect on us here.... When he display too much questionable wealth it effects us as nigerians , when u travel and hold a Nigeria passport then u go know how far...

sehin79:
what as traveling or not traveling got to do with fixing the nation.

That's the problem with some nigerians they just believe all the blames goes to the president meanwhile u see at state and local government level what are they doing ? If each state and local government area fix themselves Nigeria will be better ... Everything in naija na president

johnson1924:
I know,the fault was from the courier service that brought my documents down to Lagos late

U have the right to sue the courier service, especially when u have a brother or sister who's a lawyer... As per Ur money that one go hard since no be here e happen . But try tho by emailing them