Sign Up

Have an account? Sign In Now

Sign In

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now

Sorry, you do not have a permission to ask a question, You must login to ask question.

Forgot Password?

Need An Account, Sign Up Here
Sign InSign Up

Question Bump

Question Bump Logo Question Bump Logo

Question Bump Navigation

  • Contact Us
  • FAQs
Search
Ask A Question

Mobile menu

Close
Ask a Question
  • Home
  • Communities
  • Questions
    • New Questions
  • Tags
  • Users
  • FAQs
  • Contact Us
  • FAQs
Home/ Questions/Q 1621
Next
Jhero23
  • 0
Jhero23Scholar
Asked: April 20, 20212021-04-20T19:54:51+00:00 2021-04-20T19:54:51+00:00In: Finance

Naira becoming the weakest currency to other currencies

  • 0

In this post, we highlight the exchange rate of the Naira to other currencies in Africa as it becomes the weakest currency. It is unfortunate because the Naira started really strong even to the USD. I remember 1 Naira was about 2 dollars at a point. Up to the year 1985, the Naira was the equivalent of the Pound Sterling and stronger than the Dollar. Yes, the almighty Dollar.

Here is a list of the other African currencies and their equivalence to the Naira.

South Africa: Rand 1= ₦79

Angola: 1Kwanza = v₦12

Botswana: 1Pula = ₦28

Cape Verde: 1Escudo = ₦8

Algeria: 1Dinar = ₦12

Egypt: 1Pound = ₦35

Eritrea: 1Nakata = ₦18

Ethiopia: 1Birr = ₦19

Ghana: 1Cedi = ₦56

Gambia 1 Dalasi = ₦9

Kenya: 1Shilling = ₦6

Liberia: 1Dinar = ₦8

Lesotho: 1Loti = ₦19

Libya: 1Dinar = ₦156

Morocco: 1Dirham = ₦176

Madagascar: 1Ariary = ₦14

Mauritius: 1Rupee = ₦16

Malawi: 1Kwacha = ₦21

Mozambique: 1Metical = ₦24

Namibia: 1Dollar = ₦32

Seychelles: 1Rupee = ₦22

Sudan: 1Pound = ₦42

Swaziland: 1Lilangeri = ₦19

Tunisia: 1Dinar = ₦150

Zambia: 1Kwacha = ₦28

Even the worst economies of Africa now have more valuable Exchange rate than us.
As at today $1 = ₦480?
€1 = ₦560?
£1 = ₦660?

₦1,000,000.00 is less than $2,100.00…..and some think that we have not reached the breakpoint??

Putin (Russia): Lawyer

Joe Biden (America): Economics degree

Merkel (Germany): PhD Physical Chemistry

Xi Jinping (China): Chemical Engineering and Doctor of Law

Ghanian President: Doctorate holder

Buhari (Nigeria): WAEC not found

Yet, somebody wants a growing economy under this administration – The Buhari Administration. We are just joking. It is time to say Goodbye. if we must tell ourselves the truth, this country cannot be Giant of Africa again. I don’t think it is anymore.

Meanwhile, read also Things you can buy from China

moneynairaweakest currency
  • 0 0 Answers
  • 20 Views
  • 0 Followers
  • 0
Answer
Share
  • Facebook
    Leave an answer

    Leave an answer
    Cancel reply

    Browse
    Browse
    What is the capital of Egypt? ( Cairo )

    Sidebar

    Ask A Question

    Inspirational Podcast

    Stats

    • Questions 279
    • Answers 165
    • Best Answers 109
    • Users 80

    Adv 250x250

    • Popular
    • Answers
    • Anonymous

      Can one still find true ...

      • 6 Answers
    • Jay

      For how long can company ...

      • 4 Answers
    • Bellarmine901

      I need help installing FIFA ...

      • 4 Answers
    • Jay

      What do you think is ...

      • 3 Answers
    • Jay

      Crazy question, how would you ...

      • 3 Answers
    • Anchal Verma
      Anchal Verma added an answer New Generation People  Won't Bother much March 24, 2022 at 8:08 am
    • Jhero23
      Jhero23 added an answer Thank you very much April 16, 2021 at 8:40 am
    • Anonymous added an answer Brilliant comparison April 15, 2021 at 8:22 pm
    • matmape
      matmape added an answer I left an answer January 19, 2021 at 1:36 pm
    • Anonymous added an answer https://questionbump.com/question/why-women-like-public-display-of-affection/ This link might help you know better how to deal with this especially if you are a woman or lady June 11, 2020 at 5:34 am

    Users

    Daniel

    Daniel

    • 0 Questions
    • 381 Points
    Scholar
    Dee20

    Dee20

    • 0 Questions
    • 364 Points
    Scholar
    Kenny

    Kenny

    • 0 Questions
    • 256 Points
    Teacher

    Trending Tags

    business (6) coronavirus (11) covid-19 (13) food (3) fulfillment (3) hackers (4) health (9) life (9) life hacks (7) love (6) money (6) movies (5) nigeria (5) relationship (7) safety (6) social media (5) stay safe (3) success (6) survival (3) virus (5)

    Explore

    • Home
    • Communities
    • Questions
      • New Questions
    • Tags
    • Users
    • FAQs

    Footer

    © 2020 Question Bump. All Rights Reserved
    With Love by PianistProgrammer.

    Insert/edit link

    Enter the destination URL

    Or link to existing content

      No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.