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Top Ten African Currencies Compared To US Dollar (51756 Views)
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Islie: 2:16pm On May 11, 2024 |
Africa is the world’s second-largest and second-most populous continent, known for its diverse cultures, landscapes, and wildlife. https://thenationonlineng.net/top-ten-african-currencies-compared-to-us-dollar/ 39 Likes 5 Shares |
brain54(m): 2:24pm On May 11, 2024 |
I am not surprised the north Africans dominate the list... Personally, I feel anything after the 3rd on the list is poor. Libya in spite of how dis-stabilised their economy is due to war seems to be doing well! 213 Likes 17 Shares |
Zonefree(m): 2:26pm On May 11, 2024 |
6.Ghanaian Cedi (Ghana) Currency Name: CediCode: GHCCurrent Exchange Rate: $1 = GH₵ 13.89What's Ghana doing here? ![]() About 5 pack of 80gram indomie noodles in Ghana is 55 Ghana Cedis, that's above $4. While $4 in Nigeria can get you over 10 pack of same 80gram indomie noodles. 236 Likes 32 Shares |
muyico(m): 2:29pm On May 11, 2024 |
Nigeria is number what?
15 Likes 1 Share |
Efuaye(m): 2:30pm On May 11, 2024 |
In early ’80s Naira was equal to a dollar but misgovernance by successive governments have left us where we are now! Nigeria, now a country of IDPs and palliatives. 78 Likes 3 Shares |
helinues: 2:32pm On May 11, 2024 |
Na kuku the rain packed both birds and chicken together
101 Likes 4 Shares |
Sapasenator: 2:33pm On May 11, 2024 |
3,779.50 Ugandan Shilling = 1 USD as at today.
11 Likes 1 Share |
Cooldowntemper: 2:37pm On May 11, 2024 |
helinues: Ronu on steroids Won't you praise the cocaine addict? 104 Likes 17 Shares |
CodeTemplar: 2:49pm On May 11, 2024 |
Currency conversion ratio is of little significance when you consider that currencies can be adjusted. For example, the Kuwaiti Dinar (KWD) is the strongest currency in the world with a single Kuwaiti dinar buying $3.25 US dollars (or, put another way, one US dollar equals 0.31 Kuwaiti dinars) but can the Kuwaiti economy measure against USA or other advanced economies? As a matter of fact, kuwaiti dinar was adjusted by taking away three zeros to make it the world's strongest. That's something anyone can do and become the worlds strongest currency but not necessarily the world strongest economy. Money is a just a metric system that can change based on goods and service backing it or can be recalibrated to ease management of money system. 156 Likes 21 Shares |
givedemwotowoto: 2:51pm On May 11, 2024 |
I wouldn’t say Ghana currency is a top currency based on face value because it has undergone redenomination in the past, I think
78 Likes 9 Shares |
helinues: 2:54pm On May 11, 2024 |
Cooldowntemper: You called yourself cooldowntemper but you have been provoking others for no sensible, reason trolling them up and down. Why not start practicing what you are preaching 91 Likes 7 Shares |
Putinofrussia: 2:58pm On May 11, 2024 |
Basically,it is mostly the poor masses that spend naira but the elites,foreign missions,govs etc mostly spend dollar. It has been there for long barely noticed because Nigeria was still sinking bit by bit and because we have had mostly mumu govts in Nigeria who always thought that Nigeria was rich and no matter what they do even negatively,Nigeria will still be rich. Just like some undiscerning people were saying that if a dog rules Lagos,it will still continue to be rich ![]() Some people are so ignorant. FG should monitor those govs,bank CEOs too closely because they are part of the rot. 108 Likes 4 Shares |
muhammaduyusufu: 3:00pm On May 11, 2024 |
In Ghana, a loaf of bread is more expensive than in Nigeria. The spending power or what that currency can get you i.e. value is what matters.
102 Likes 4 Shares |
Elusive001: 3:05pm On May 11, 2024 |
4 Likes 2 Shares |
Blackfire(m): 4:30pm On May 11, 2024 |
![]() Reality is now setting in Very soon CFA will bench naira. How tinubu convinced zombies to vote for him by just shouting emilokan 22 Likes 2 Shares |
RenaissanceGuy: 4:59pm On May 11, 2024 |
CodeTemplar:LOL. This is very incorrect. Kuwait removed 3 zeros from their currency?? Do you know how wealthy that country is? It's a lie; maybe you are referring to Ghana who did that about 18 years ago or thereabouts, not Kuwait. The dinar was 1 dinar to 1 pound in 1961; today it's 1 dinar to £2.6 —meaning more than 60 years later, it's now nearly 3 times more valuable than pounds while almost every other country's currency is below the pounds. Reason: Sensible leaders and crude oil. You think even if Nigeria decides to revalue its currency against the dollar at the rate of ₦1 to $1, our naira would still not depreciate to ₦17/$ within months?? It's stability we're talking about, if not every country would simply do so and start boasting to have stronger currency than the US. 87 Likes 9 Shares |
lordm(m): 9:55pm On May 11, 2024 |
Naira is way better than Ghana Cedes
16 Likes |
Throwback: 10:11pm On May 11, 2024 |
For the ignorant, currency and economy are not the same. When Naira was equal to the Pound Sterling and above the US Dollar, it did not mean our economy was any miles close to that of USA or Britain. Same reason why the British economy is no where close to the US, despite that the Pound Sterling is above the dollar. If Nigeria decides to remove 4 zeros like how Ghana did before 2008, our currency will be higher than the dollars, yet our economy won't be any better for it, besides eliminating the inferiority complex that ties to the exchange rate for those who are ignorant. 104 Likes 5 Shares |
Tallesty1(m): 10:12pm On May 11, 2024 |
Giant no dey top ten ![]() ![]() ![]() ![]() ![]() ![]() Why is Binance not affecting their Currencies? 8 Likes 1 Share |
FreeStuffsNG: 10:12pm On May 11, 2024 |
Islie:Lol @ Ghana (cedis) that redenominated by knocking off 4 zeroes and now devalued significantly even after devaluation. 8 Likes |
bigdammyj: 10:12pm On May 11, 2024 |
Noted.
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falopey: 10:13pm On May 11, 2024 |
Common denominator of all these countries is that they’re all tourist destinations for inflow of tourists dollars into the country. Lower population that gives room for less demand pressure on dollars which makes dollars stable in the countries
7 Likes |
inoki247: 10:13pm On May 11, 2024 |
Lol that Cedis is wrong.... Cedis is almost at 15 to a Dollar presently at 14.90.... 3 Likes |
Beverlyjean(f): 10:14pm On May 11, 2024 |
Now,a war turn country has is just 4 to a dollar... they don't use the dollar , their citizens don't need or even take it seriously..... the only way we can get it right is to use force by making FX illegal on the streets .... it should only be electronically traded thru the banks ...all crypto should be banned ... anyone found trading crypto or dealing with FX should be arrested immediately... Nigerians that can afford it are buying it up and hoarding it like black market fuel sellers ...
19 Likes 2 Shares |
Love800(m): 10:15pm On May 11, 2024 |
Can u explain more pls? Am lost with dis ur post. Just put it in a layman words for a clearer understanding. muhammaduyusufu: 1 Like |
Throwback: 10:15pm On May 11, 2024 |
FreeStuffsNG: Exactly! 4 Likes 1 Share |
amnesty7: 10:15pm On May 11, 2024 |
Ok
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Splashme: 10:16pm On May 11, 2024 |
Nigeria is a disgrace to Africa . 2 Likes |
Godjone(m): 10:16pm On May 11, 2024 |
![]() Nigeria no where to be found. This country is cursed with bad, wicked, useless and heartless leaders. A shame of a country 6 Likes |
Throwback: 10:16pm On May 11, 2024 |
Tallesty1: The Italian Lira was so low to the dollar when Naira was above the dollar. Yet it did not mean because a N1 Pencil in Nigeria in the early 90s would cost about 300 Lire, that our economy was better than Italy that is a G8 member state. 5 Likes |
Dcaliphate(m): 10:16pm On May 11, 2024 |
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