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Zimbabwe: The Country With The Most Worthless Currency In The World / Nigerian Naira Fast Becoming The Weakest Currency In Africa / Lady Finds Biafran Currency In Her Father's Cupboard (2) (3) (4)
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Re: Top 10 Weakest Currency In Africa (See List) by caprini1: 9:17pm On Jul 18, 2018 |
Oritzy:Please can you explain more,because the purchase power of the cedi is almost zero ,compared to the naira. 1 Like |
Re: Top 10 Weakest Currency In Africa (See List) by heavylaro: 9:17pm On Jul 18, 2018 |
OP what is the source of your post because it is misleading. Sierra Leone currency called Leone which is 7700 to 1 dollar is not listed. I am sure some African currencues are also missing like the Wast African Franc....Alway check facts before rushing to post ! 4 Likes 1 Share |
Re: Top 10 Weakest Currency In Africa (See List) by pawesome(m): 9:18pm On Jul 18, 2018 |
So Zimbabwean dollar get use pass Naira? 1 Like |
Re: Top 10 Weakest Currency In Africa (See List) by phreakabitoo: 9:18pm On Jul 18, 2018 |
FearlessDapsin: Thunder fire Nigeria. I am making money either ways. Very good money at that, so... |
Re: Top 10 Weakest Currency In Africa (See List) by Nobody: 9:18pm On Jul 18, 2018 |
Sapeleboy911: When Ghana has ethnic groups numbering over two hundred and fifty, then you can judge Nigeria by Ghanaian standards. Given the different entities that make up Nigeria plus the civil war, it's actually an admirable feat that the country still manages to hold a little of its own in the face of numerous challenges and external influences given their interests that have structured the country in a way to favour them. Nigeria is a country with different ethnic group constantly at political struggle with each other divided by various sentiments and prejudices. It will take a very radical approach to set Nigeria on the right path. When we operated on regions was the best era of Nigeria, this federalism we claim to practice is not done to ita full extent all because of political interests of various parts of the country. We have been at democracy since 99 and we are just about to pass a bill that will implement state police, how many had to die before the Senate found it was necessary? All because there is a distrust among ethnic groups or one political zone using it to its advantage. Either we practice true federalism or we restructure. This system is obviously faulty. 1 Like |
Re: Top 10 Weakest Currency In Africa (See List) by eluquenson(m): 9:18pm On Jul 18, 2018 |
Nigeria always making the list of bad or negative things |
Re: Top 10 Weakest Currency In Africa (See List) by Nobody: 9:19pm On Jul 18, 2018 |
queensera: Of Nigeria no dey dere, make my hand bend |
Re: Top 10 Weakest Currency In Africa (See List) by Nobody: 9:19pm On Jul 18, 2018 |
Niyeal: 1 Like
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Re: Top 10 Weakest Currency In Africa (See List) by GeoSpatial(m): 9:19pm On Jul 18, 2018 |
to approve the genuineness of the post, where is Zimbabwe 1 Like |
Re: Top 10 Weakest Currency In Africa (See List) by gcof(m): 9:19pm On Jul 18, 2018 |
Danelo:lol but what you do not know is that for instance, if 10k can buy you a plate of food in Nigeria, 3million+ cannot buy you that same plate of food in Guinea 2 Likes |
Re: Top 10 Weakest Currency In Africa (See List) by AreaFada2: 9:20pm On Jul 18, 2018 |
jibbish: Seriously very ignorant my brother. The OP knows little about money and economy. On the whole CEFA is not weak at all. It has maintained its value far better over time. I remember using Cefa 20 years ago on a visit to Cotonou. The Naira was way higher in value. Now the difference is small. If Nigeria was a good exporting country, with low inflation & relative currency stability, the rate to the dollar wouldn't matter much. Japan deliberately left its Yen rate as it is. Before Euro, the Deutschmark supported by a bigger & stronger economy than UK left its rate to hover around DM3 = £1. Even the Pound was coupled to DM in the European Exchange Rate Mechanism until almost free fall of the Pound on 16th September 1992. A day called Black Wednesday in British financial history. The mere exchange rate to dollar doesn't tell even half the story. If at N360 to a dollar, minimum wage is like 125k, economy is stable and booming, there are jobs/job security, low inflation and we have a trade surplus, the current exchange rate would be totally fine. 9 Likes 2 Shares |
Re: Top 10 Weakest Currency In Africa (See List) by Shampoo77: 9:21pm On Jul 18, 2018 |
Wrong information operator. since the Zimbabwe dollars is not there. Zimbabwe dollar is the weakest in Africa. Pls stop misleading readers. Maket: 1 Like |
Re: Top 10 Weakest Currency In Africa (See List) by tunary(m): 9:21pm On Jul 18, 2018 |
Nigerian is always in the news for the wrong reason 1 Like 1 Share |
Re: Top 10 Weakest Currency In Africa (See List) by Horus(m): 9:21pm On Jul 18, 2018 |
Re: Top 10 Weakest Currency In Africa (See List) by Dhedhayur007: 9:22pm On Jul 18, 2018 |
Na wah ooooo cotonnu wey we dey supply our oil n light no even dey the list |
Re: Top 10 Weakest Currency In Africa (See List) by MrGerald(m): 9:22pm On Jul 18, 2018 |
cyndy1000:Continue to say even Ghana, now they're more developed than your shithole country, and for your information Ghana cedis is 4.70 to 1 USD. |
Re: Top 10 Weakest Currency In Africa (See List) by Jodhar: 9:23pm On Jul 18, 2018 |
I just knew our naira would be there |
Re: Top 10 Weakest Currency In Africa (See List) by Akorkor(f): 9:24pm On Jul 18, 2018 |
queensera: This is wrong. Totally wrong. 1 Like |
Re: Top 10 Weakest Currency In Africa (See List) by Positivepoint(m): 9:25pm On Jul 18, 2018 |
queensera:Top 10 Worthless Currencies In Africa – 2018 Anele Anele 7 months ago These currencies below are some of the most unstable, weakest and worthless currencies in Africa. (read also - Top 10 of the strongest currencies in Africa). How worthless are this currencies you may ask. Well take Sao tome and principle for instance, a bottle of coke is sold for around 19,500 Dobra and to eat in an inexpensive you will spend somewhere around 140,000 Dobra for a meal... now that you have an idea on how weak these currencies are let's delve into the article proper Top 10 Worthless Currencies In Africa - 2018 10. Malawian Kwacha (1 USD = 722 Malawian kwacha) Top 10 Worthless Currencies In Africa - 2017 Image source: nyasatimes.com The kwacha is the currency of Malawi as of 1971, replacing the Malawian pound. Currently the Malawian Kwacha exchanges for 722 for 1 USD. 9. Rwandan Franc (1 USD = 855.56 RWF) The Rwandan franc is the currency of Rwanda, although it was introduced in 1960. Rwanda began issuing its own francs in 1964. Currently Rwanda francs exchanges at 855.56 RWF for 1 USD. Top 10 Worthless Currencies In Africa - 2017 image source: geoba.se 8. Dr Congo Franc (1 USD = 1596 Congolese franc) Top 10 Worthless Currencies In Africa - 2017 source: bankufranck Africa’s leading copper producer has been affected by low commodity prices and cutbacks in the mining sector, which have eaten away at foreign exchange reserves and heaped pressure on the franc. Currently 1USD exchanges for 1596 Congolese franc. 7. Burundian Franc (1 USD = 1749 BIF) Top 10 Worthless Currencies In Africa - 2017 Image credit : banknotenews.com In other to tackle the sharp drop in the value of the local currency against the dollar. Burundian Govt has already imposed restrictions on food exports to neighbouring countries in a bid to keep inflation down. 6. Tanzanian shilling (1 USD = 2234 shilling) Top 10 Worthless Currencies In Africa - 2017 Image credit: Buzzkenya Tanzania can boast of political stability, relative safety and been among the top 5 largest economy in east Africa. But sadly they can't boast of having one of the best currency in Africa. 5. Malagasay Ariary (1 USD = 3199.65 Ariary) Top 10 Worthless Currencies In Africa - 2017 Image credit : mypivots.com Despite achieving independence in 1960, Madagascar is still largely run like a colony with an economy closely tied to resource extraction. Lack of investment in sustainable industries has retarded Madagascar's economic development significantly. The Ariary is the currency of Madagascar. And as of December 2017, Malagasy Ariary is exchanged at 3199.65 Ariary for 1 USD. 4. Ugandan Shilling (1 USD =3603 UGX) Image source : e-allmoney.com The primary cause behind the worthlessness of the Ugandan Shilling is apparently due to country's persistent trade deficit. The country imports more than it exports, so money is constantly leaving the country, which undermines the value of the shilling 3. Sierra Leonean Leone (1 USD = 7670 SLL) Top 10 Worthless Currencies In Africa - 2017 Image source: standardtimespress.org Sierra Leone is and has always been a very poor African country, and just like many of those rapidly growing, fundamentally flawed economies. It is plagued by trade deficit. In 2016 alone, Sierra Leone exported $465M and imported $956M. Currently sierra Leonean Leone exchanges for 7670 SLL for 1 USD. 2. Guinean Franc (1 USD = 8998 GNF) Top 10 Worthless Currencies In Africa - 2017 Image credit : Banknotenews.com Another west African currency suffering at the hand of worthlessness is the Guinean Franc . The Guinean Franc is the second weakest currency in Africa. Currently 1 USD exchanges for 8998 gnf. 1. Sao tome and principle Dobra (1 USD = 20808 STD) Top 10 Worthless Currencies In Africa - 2017 image credit : chirkup.me The Sao tome and principle Dobra is not a strong currency on the international market it is also the weakest currency in Africa. Against the dollar the dobra is quite weak. Currently, 20808 STD exchanges for 1 USD. https://listwand.com/2017/12/top-10-worthless-currencies-in-africa-2017/ 2 Likes |
Re: Top 10 Weakest Currency In Africa (See List) by autonomous22: 9:25pm On Jul 18, 2018 |
Buhari |
Re: Top 10 Weakest Currency In Africa (See List) by Galaticos444: 9:26pm On Jul 18, 2018 |
Danelo:but ur money won't av any value cos a bunch of banana might going for 100,000 guinea currency jst like wot we av in Zimbabwe 1 Like |
Re: Top 10 Weakest Currency In Africa (See List) by Akorkor(f): 9:27pm On Jul 18, 2018 |
caprini1: Don’t mind bloggers. Cedis is very weak compared to Naira. People in ghana even prefer to buy stuff from Nigeria and when you exchange cedis to dollar is 1cedis to Dollar = 4.75cedis. 2 Likes 1 Share |
Re: Top 10 Weakest Currency In Africa (See List) by Johnadelaide00: 9:27pm On Jul 18, 2018 |
Lol... fake list. Sierra Leone SLL is currently Le8,450 to $1 1 Like |
Re: Top 10 Weakest Currency In Africa (See List) by Horus(m): 9:28pm On Jul 18, 2018 |
Even Zimbabwe is not there |
Re: Top 10 Weakest Currency In Africa (See List) by ozo13(m): 9:29pm On Jul 18, 2018 |
U mean Zimbabwean currency is better than d naira!?.nawao |
Re: Top 10 Weakest Currency In Africa (See List) by DonFreshmoney(m): 9:29pm On Jul 18, 2018 |
Where is Zimbabwe dollars? Nonsense post |
Re: Top 10 Weakest Currency In Africa (See List) by heavylaro: 9:30pm On Jul 18, 2018 |
Positivepoint: Good job...OP needs to learn from this |
Re: Top 10 Weakest Currency In Africa (See List) by Ugosample(m): 9:30pm On Jul 18, 2018 |
Blackfyre: Ghana has at least 60 to 100 tribes that were just lucky to have an Nkrumah that unified them and made them see each other as the same and not different, not like our useless founding fathers that polarised us from day 1. So that's not an excuse 1 Like |
Re: Top 10 Weakest Currency In Africa (See List) by ioreth69(f): 9:30pm On Jul 18, 2018 |
Homeboiy:hmmm,very annoying |
Re: Top 10 Weakest Currency In Africa (See List) by oloriLFC(f): 9:30pm On Jul 18, 2018 |
What about Zimbabwean currency abi no be millions dem dey take buy ordinary foodstuff? 1 Like |
Re: Top 10 Weakest Currency In Africa (See List) by cyberwinner1(m): 9:30pm On Jul 18, 2018 |
Ordinary Ghana is not even there! |
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