Curious345:
Our president is kinda old and worn out .

That's why we where we are

He is young at heart

Namkbank:



He is young at heart

He is young @ heart but violently recused himself from appearing in any form of TV debate.

And even when he was literally dragged to London by the then prime minister to participate in a public engagement,to tell the world what he has in store if he becomes president, what did he do; he went there with elrufai & Fayemi.

So when he's asked a question he tells the moderator to give the mic to either of the two to answer on his behalf ..do you understand what I just said?

DevilsEqual:


I didn't want to comment here but your comment forced me here

Trump is 78, Biden is 81, Putin is 74
Those are old leaders of your so-called advanced Nations but u won't dare call them old cause it's not happening in Nigeria


I only responded to your point in reference to age in leadership, no fool should tag me to ask about performance cause I only reacted to the age factor

Those countries have very strong institutions unlike Nigeria and moreover Putin did not become president at 74 while our president is in his 80s in a country that is battling hunger and poverty.We need a vibrant leader that is capable.

ivandragon:


FX rates are a function of availability. Or as some like to put it, demand & supply.

P.S.

Every country has its own peculiarities about availability of the dollar.

So let say they have the availability like from the black market with a little increase…

For example Nigeria as a case study…

#1.2 to $1

Can I just locate one black market to convert my #12k or so to $10k

No Laff my ignorance… just trying to get a clear understanding 😏

All i know is that theres nothing so much to learn from ghana. A few yrs back ghana redominated its cedis by eliminating one or two zeros. Today, ghanas economy is a total mess. Few months ago, its govt was asking the imf and other creditors to allow for renegotiation of its balloning public debts. Inflation is high amid severe power cuts. The president even came on sm to proclaim his helplessness. Even in our economic worst, nigeria is better than a lot.

PEXBlog:
Former Nigerian Senator, playwright and human rights activist, Senator Shehu Sani has left Nigerians and social media users buzzing after sharing 10 African countries currencies exchange rates, with the United States of America’s dollar.

The former Nigerian Senator has taken to reveal the dollar exchange rate of Tunisia, Libya, Morocco, Seychelles, Botswana, Ghana, Eritrea, Lesotho, Namibia, and South Africa. All below 20 to a dollar.

Revealing the current exchange rate of 10 African countries currencies to the American dollar, Senator Shehu Sani tweeted: “Ten African Currencies against the Dollar.

This tweet from Senator Shehu Sani revealing the dollar exchange rate of 10 African countries currencies has attracted reactions from Nigerians and social media users, as some have asked about the Nigerian currency, while some have asked Nigeria to learn from Ghana on how they did theirs.



Mynd44
Seun
Oam4j
Nlfpmod
Fergie001
Dominique



https://newsdirect.ng/nigerians-react-after-shehu-sani-shares-dollar-exchange-rate-of-10-african-countries-currencies/?utm_source=operamini&utm_medium=feednews&utm_campaign=operamini_feednews

One thing this ten countries have in common with the exception of Ghana that removed four zeros from its currency is that they are not "import freaks"! In Nigeria right now, people are thinking of importing pepper 🌶️! This is something that will grow in any backyard in this fertile country, but it has now become a national issue! We are jokers here. We compare ourselves with others and want what we don't have. We place ourselves where we're not. You can imagine a small boy living in a face me I face you one room slum, driving a Gwagon! Where do you see that in the world? Others would have used the money for the Gwagon to invest in a business. But not here! It's all about status! Levels! Carry body! Yet we want the president to do something! Do what precisely?
The value of our currency is a reflection of what we consume and produce. It has nothing to do with the president.

BigDawsNet:


So let say they have the availability like from the black market with a little increase…

For example Nigeria as a case study…

#1.2 to $1

Can I just locate one black market to convert my #12k or so to $10k

No Laff my ignorance… just trying to get a clear understanding 😏

In summary, yes.

All thanks to hoarders, money launderers and BDCs. CBN has to do make that tough decision - Illegitimize currency trading

okay!

Top 10 Weakest Currencies In The World In 2024

Capital at Risk. All investments carry a varying degree of risk and it’s important you understand the nature of the risks involved. The value of your investments can go down as well as up and you may get back less than you put in. Read More

The US dollar is the world’s most traded currency even if, strictly speaking, it’s not the globe’s strongest currency – those bragging rights currently go to the Kuwaiti dinar.

That said, the ‘greenback’ is near the top of the 180 or so traditional ‘fiat’ currencies recognised as legal tender around the world.

At the opposite end of the scale, the weakest currencies trade at tiny fractions of a US dollar. Some require tens of thousands of units to buy just $1.

Here’s a look at the top 10 weakest currencies in the world, based on their relative value against the dollar.

We’ve listed the weakest currencies (along with their accepted currency symbol), based on the number of units of foreign currency received in exchange for one US dollar. The exchange rates (as at 12 June 2024) are sourced from our currency converter, which is based on data from Open Exchange.

1. Lebanese pound (LBP)
The Lebanese pound is currently, by some margin, the weakest currency in the world when measured against the US dollar. One Lebanese pound buys $0.000011. Put another way, this means that $1 is worth 89,578 Lebanese pounds.


Lebanon borders the Mediterranean Sea, as well as Israel and Syria in the Middle East. The country has a service-based economy and also exports precious stones, metals, chemical products and food and drinks.

The Lebanese pound has been under pressure against the US dollar for several years thanks to a depressed economy, high inflation and unemployment, a banking crisis and political unrest.

2. Iranian rial (IRR)
According to our currency converter, one Iranian rial is currently worth $0.000024, which means $1 would buy 42,087 Iranian rials.

The Iranian rial was first introduced in the late 1700s. The currency has more or less remained at its present exchange rate with the dollar for several years.

Iran is located on the Persian Gulf between Iraq and Afghanistan. It is a leading global exporter of oil and natural gas, but economic sanctions have put pressure on the country’s currency.


Earlier this year, Iran’s president, Ebrahim Raisi was killed in a helicopter crash.

3. Vietnamese dong (VND)
The Vietnamese dong comes third on our list, with each unit of the currency being able to buy $0.000039. This means $1 could buy 25,442 Vietnamese dong.

Vietnam borders the South China Sea, with China, Laos, and Cambodia as neighbours. Services account for the largest proportion of the country’s gross domestic product, effectively a measure of a nation’s economic output, followed by industries such as electronics, energy and textiles.

The country’s currency’s has been weighed down by restrictions on foreign exports and a recent slowdown in exports, coupled with a sustained period of rising and high interest rates in the US.

4. Laotian kip (LAK)
The Laotian, or Lao, kip was introduced in the 1950s and comes in as the fourth weakest currency with 1 kip the monetary equivalent of $0.000046. That makes $1 worth the same as 21,705 kip.


Laos is a land-locked country bordered by Vietnam, Thailand, Cambodia and China. It relies heavily on exports such as copper, gold and timber.

The country has been hit by sluggish economic growth, rising foreign debt and high inflation, each of which has conspired to put pressure on Laos’s currency.

5. Sierra Leonean leone (SLL)
Introduced in 1964, one unit of the Sierra Leonean national currency buys $0.000048. This makes $1 the equivalent of 20,969 leone.

Sierra Leone is located in West Africa and borders both Guinea and Liberia. Key exports include timber and minerals such as diamonds, gold and industrial metals.

The value of the leone has been dragged down by high inflation levels, along with significant debt, a slowdown in economic growth and the long-term effects from the virulent Ebola virus outbreak.

6. Indonesian rupiah (IDR)
Indonesia’s national currency was introduced in 1946. One rupiah is currently worth $ 0.000061, which means $1 could buy the equivalent of 16,301 rupiah.

Indonesia comprises over 17,000 islands in the Pacific, including Java, Sumatra, and parts of Borneo and New Guinea.

In GDP terms, the country is the largest in south-east Asia mainly thanks to its services sector. Indonesia is also commodity-rich, but its national currency has tumbled when compared with others due to a combination of high inflation and recessionary fears.

7. Uzbekistan som (UZS)
The som was introduced in 1993 and one unit of Uzbekistan’s national currency currently buys $0.000079. Put another way, $1 is the equivalent of 12,640 som.

Located in central Asia, Uzbekistan is a former republic of the Soviet Union. It is one of the world’s leading cotton exporters and has substantial mineral and oil and gas reserves.

The country has implemented economic reforms, but it continues to struggle with low economic growth, high inflation and unemployment and corruption.

8. Guinean franc (GNF)
The Guinean franc was introduced in 1959 and today is worth $0.000116. That makes $1 worth 8,614 Guinea francs.

Guinea is a former French colony in sub-Saharan Africa. It has an abundance of natural resources such as gold and diamonds, but has struggled with high inflation, military unrest and an influx of refugees from neighbouring Liberia and Sierra Leone.


9. Paraguayan guarani (PYG)
First introduced in 1952, the Paraguayan guarani currently buys $0.000133 making $1 worth 7,528 guarani.

Paraguay is landlocked, bordering Brazil, Argentina and Bolivia. The country is a leading producer of soybean, the sugar substitute sevia, beef and maize.

The currency has been under pressure from high inflation, corruption, and counterfeit currency.

10. Malagasy ariary (MGA)
Introduced in 1961, the Malagasy ariary is the currency of Madagascar having formally replaced the franc in 2005. One ariary is currently worth $0.000225, making a dollar worth 4,454 ariary.

Madagascar is an island country lying off the south-eastern coast of Africa. Agriculture, including the growing of raffia, mining, fishing and forestry are the main elements of the country’s economy. Top exports include vanilla, nickel metal and cloves.

ivandragon:


In summary, yes.

Wow.... all I can say is wow!!


Well if Nigeria is in this state... I believe nobody will have any reason to japa because our passport will be too strong

G0odharddick:


What made a 65 years old man a youth? There's difference between a sanity and foolishness.

The youth doing yahoo yahoo is as a result of your failed govt. Without money you can't get actively involved in govt in Nigeria. Dude blame those old men in power who has vowed to bastardized this country.

If a youth of 35yrs runs for presidency and wins, will those old men allow him to go to aso rock, we all know they'll rig him out or better still kill him. That's the corruption we're talking about. So what nonsense are you saying again

Age is not a predictor of performance. Young or old what matters is what you have upstairs. That's why there is no maximum age limit for any country's political leadership anywhere in the world. Nigeria will not be an exception. If you are a truly visionary youth you will get there. But forget it all our youth are interested in are Yahoo and pornography. Bill gates was a youth when he wrote Microsoft operating system. Mark Zuckerberg is still a youth by first adding value to American economy. Let the youth invent things for Nigeria and then power will gravitate towards them.

XerXers:

While Tinubu is 95

Age is actually unknown..

paramakina202:


Those countries have very strong institutions unlike Nigeria and moreover Putin did not become president at 74 while our president is in his 80s in a country that is battling hunger and poverty.We need a vibrant leader that is capable.

Yahaya Bello says hi. We need a leader that is not corrupt or too corrupt,since they are all corrupt..

BigYash:
Yahaya Bello says hi. We need a leader that is not corrupt or too corrupt,since they are all corrupt..

A corrupt vibrant Yahya Bello is better than a corrupt clumsy Tinubu.
And not every young man is Yahya Bello.Why not Alex Otti?

paramakina202:


A corrupt vibrant Yahya Bello is better than a corrupt clumsy Tinubu.
And not every young man is Yahya Bello.Why not Alex Otti?

You know very well that the north and west and some persons from Otti region won’t even allow otti or anybody like him.. They want the looting to continue and that is why the country will never move forward..

Max24:

Age is not a predictor of performance. Young or old what matters is what you have upstairs. That's why there is no maximum age limit for any country's political leadership anywhere in the world. Nigeria will not be an exception. If you are a truly visionary youth you will get there.

I agree with you. However, comparing the analogy and digital era isn't the same thing.

Old men in politics in Nigeria needs to be wiped out. The youth whose Brain are active and sharp should be allowed to take over but sadly these old men keep using their loots to buy every position.

What would it take Tinubu to Open boarders? Considering the high price of foodstuffs today. But of course, his brain is too old and dead hence he doesn't know that opening boarders would solve the high rate of foodstuffs in the country

XerXers:

While Tinubu is 95

99, the last time I checked with HELL-LIE-ANUS and MannaLIZARD.

Terrible
.

G0odharddick:


I agree with you. However, comparing the analogy and digital era isn't the same thing.

Old men in politics in Nigeria needs to be wiped out. The youth whose Brain are active and sharp should be allowed to take over but sadly these old men keep using their loots to buy every position.

What would it take Tinubu to Open boarders? Considering the high price of foodstuffs today. But of course, his brain is too old and dead hence he doesn't know that opening boarders would solve the high rate of foodstuffs in the country

So , as a youth you don't know why we need to close our borders to other West African countries and you want Nigerians to hand over to youths like yourself? Youths in developed countries know more than their elders hence they can positively impact their countries. But in Nigeria you are here arguing about basic economics that you should have know. You need to educate yourself about the disadvantages of freely opening borders. Tinubu is doing the right thing irrespective of the current discomfort if you don't know. Cheap food should come from within not by importing other people's food. You want us to continue to depend on other nations to feed ourselves just because it's cheaper? Please, first get enlightened before castigating Tinubu. Only a madman keeps doing the same thing after 60 years and expect things to be different. There must be a paradigm shift in our economy. China did not become what it is today by opening its borders to American products. Do more research.

Max24:

So , as a youth you don't know why we need to close our borders to other West African countries and you want Nigerians to hand over to youths like yourself? Youths in developed countries know more than their elders hence they can positively impact their countries. But in Nigeria you are here arguing about basic economics that you should have know. You need to educate yourself about the disadvantages of freely opening borders. Tinubu is doing the right thing irrespective of the current discomfort if you don't know. Cheap food should come from within not by importing other people's food. You want us to continue to depend on other nations to feed ourselves just because it's cheaper? Please, first get enlightened before castigating Tinubu. Only a madman keeps doing the same thing after 60 years and expect things to be different. There must be a paradigm shift in our economy. China did not become what it is today by opening its borders to American products. Do more research.

It is extremely foolishness to compare China and America to Nigeria! Like Dude are you okay?

Oga, insecurity is ravaging your country. People can't go to farms anymore because of Fulani herdsmen and bandits yet you screaming cheap food should come from within. Which within?

Do you know why foodstuffs is so cost? Oga the reason is because bandits and herdsmen don't allow farmers to farm anymore without killing them. The insecurity is too much. Opening boarders will instantly crash the price of foodstuffs in the market because there would be a lot of competition. So what nonsense are you saying? If you're one of those tinubu half brain supporters, I'll urge you to avoid me

DevilsEqual:


I didn't want to comment here but your comment forced me here

Trump is 78, Biden is 81, Putin is 74
Those are old leaders of your so-called advanced Nations but u won't dare call them old cause it's not happening in Nigeria


I only responded to your point in reference to age in leadership, no fool should tag me to ask about performance cause I only reacted to the age factor

Real age and football age is it the same?

G0odharddick:


It is extremely foolishness to compare China and America to Nigeria! Like Dude are you okay?

Oga, insecurity is ravaging your country. People can't go to farms anymore because of Fulani herdsmen and bandits yet you screaming cheap food should come from within. Which within?

Do you know why foodstuffs is so cost? Oga the reason is because bandits and herdsmen don't allow farmers to farm anymore without killing them. The insecurity is too much. Opening boarders will instantly crash the price of foodstuffs in the market because there would be a lot of competition. So what nonsense are you saying? If you're one of those tinubu half brain supporters, I'll urge you to avoid me

I can see you don't have anything upstairs. So what is Tinubu doing to insecurity? Can't you see that it is going down in Benue and north than when Buhari was there? Didn't you hear him talking about importing thousands of tractors for mechanized farming? The problem of you youths is that you focus on Yahoo and porn like your username says. You only think through your di.ck. Kindly keep to ramonce section. Nah dic.k youthful Mark Zuckerberg take start Facebook? And you dey complain. What value are you adding to Nigerian economy beyond your hard,dick?

DevilsEqual:


I didn't want to comment here but your comment forced me here

Trump is 78, Biden is 81, Putin is 74
Those are old leaders of your so-called advanced Nations but u won't dare call them old cause it's not happening in Nigeria


I only responded to your point in reference to age in leadership, no fool should tag me to ask about performance cause I only reacted to the age factor

Biden at his age was mentioning specific numbers (thousands and millions) of what his administration was doing, and was also fact checking Trump’s lies and exaggerations

The only thing your president can say “e think say na statistic we go chop”

You see how foolish the comparison looks?

Fear Agbado and their reasoning capacity

Max24:

I can see you don't have anything upstairs. So what is Tinubu doing to insecurity? Can't you see that it is going down in Benue and north than when Buhari was there? Didn't you hear him talking about importing thousands of tractors for mechanized farming? The problem of you youths is that you focus on Yahoo and porn like your username says. You only think through your di.ck. Kindly keep to ramonce section. Nah dic.k youthful Mark Zuckerberg take start Facebook? And you dey complain. What value are you adding to Nigerian economy beyond your hard,dick?

Audio importation.

Your type has really been brainwashed by the govt. Abi is it because tinubu is your fellow Yoruba man that you're defending him like this? So the tinubu that brought buhari in isn't to be blamed and you're now blaming buhari for insecurity in the country? 🤡

Dude, I double dare you to go to farm or tell your mother to go to farm and plant in large scale let's see if she'll come back alive while going to check on her crops. Fulani herdsmen and bandits are on rampage destroying farms and killing people, yet ediots like you keeps screaming go to farm, go and farm! Why u no go farm yourself na? Abi dey cut your hands?

The earlier tinubu opens boarders to allow food Flow into the country, the better for us all. I am very sure your parents are still feeding you hence you know nothing about prices of foodstuffs.

This is my last response to you

Curious345:
Our president is kinda old and worn out .

That's why we where we are

The problem is not the president, politicians acquired dollar and store it, Nigerians buy what they don't need, I said something sometime ago on this platform people started attacking me. Davidoo just weded naira was not permitted there people were busy celebrating him, the next day he left noñsense country to a better country, government subsidize dollar for people going for haji or meca... How I wish I am just giving one year to rule this country.

Ojuntana:

Which country is Trump leading?
Always fishing for excuses to justify the failure they installed

is part of their life to do that

G0odharddick:



Audio importation.

Your type has really been brainwashed by the govt. Abi is it because tinubu is your fellow Yoruba man that you're defending him like this? So the tinubu that brought buhari in isn't to be blamed and you're now blaming buhari for insecurity in the country? 🤡

Dude, I double dare you to go to farm or tell your mother to go to farm and plant in large scale let's see if she'll come back alive while going to check on her crops. Fulani herdsmen and bandits are on rampage destroying farms and killing people, yet ediots like you keeps screaming go to farm, go and farm! Why u no go farm yourself na? Abi dey cut your hands?

The earlier tinubu opens boarders to allow food Flow into the country, the better for us all. I am very sure your parents are still feeding you hence you know nothing about prices of foodstuffs.

This is my last response to you

Audio importation ? That's what you people said when govt announced Dangote will soon staring refining. Now his diesel is flooding the market and exported. Same way in Lagos you talked about audio blue and red rail, today it has become a reality. Everything you people said Tinubu can not do he keeps achieving, then you shift the goalpost. You people said he would never win the primaries of his party, again you failed. Tinubu is a survivalist and he would survive this economic doldrums Nigeria is in. Even got worse before it got better. China passed through it's tough times too. So, Nigeria will also overcome. All the prophets of doom will eventually be put to shame. Whether we like it or not Nigeria must be a net exporter of food, and that's Tinubu's target. Only half baked graduates can't see what Tinubu is working towards, a greater Nigeria.

Paraman:
Cost of living is still cheaper in Nigeria than some of the countries on the list

What about quality living?

thesolutions:
Nigeria has institutionalized poverty that it has become difficult for anyone to have meaningful life in it. Every one want to run away.
United state and Canada on the other hand is Nigerias greatest problem. They have opened their borders to any one running away and this created unprecedented demand for dollar making it scarce for people whose business depends of the foreign exchange. These set in conjunction with politician on both medical and leisure tourism mop up any and every available dollar in the market.

Those countries you mention has strict rule on emigration. They have build their economy so well that they are very much comfortable in their country. The moment new craze for foreign trips or illusion of a better life outside their country kicks it, the fall of the currency will be imminent.

But we are talking about Nigeria. Selfish Country. Every one is afraid of poverty so the crave to covet and steal at any little window.

Nigerians are the problem of Nigeria

What term population index to their revenue

PARADIZEPRIEST:
What'S THEIR population index to their revenue

THOSE COUNTRIES ARE BELOW 50MILION IN POPULATION,SO LESS MOUTH TO FEED AND CARETER FOR