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Nairaland Forum / Nairaland / General / Business / Top 10 Weakest Currencies In The World 2017 (59853 Views)
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Re: Top 10 Weakest Currencies In The World 2017 by Nobody: 7:47am On Mar 26, 2017 |
lovelygurl: Ok.... South Korea is better economic wise than Nigeria yet they have a weak currency. $1-1117won. That's leadership! 1 Like |
Re: Top 10 Weakest Currencies In The World 2017 by 9japrof(m): 7:48am On Mar 26, 2017 |
Kathmandu: so true, these Asians know what they are doing. It is true exchange rate manipulations that China became a super world power economically and politically today. since their currency is closer and nearer to most countries currency, people would prefer to deal with em than European countries e.g who would prefer to buy a product from U.K when you get three times a cheaper rate with likely same quality. Indonesia is a .fu.cki.ng example, Indonesia is a super developed country in Asia, but our 400,000 naira is their 13 million rupiahs, does it mean our economy is better than theirs? for where, most exporting Asian super giants even manipulate to ensure that their exchange rate to the dollar remains poor. QED |
Re: Top 10 Weakest Currencies In The World 2017 by kygo(m): 7:49am On Mar 26, 2017 |
SlyCharlie:them lucky be that o |
Re: Top 10 Weakest Currencies In The World 2017 by Egregius(m): 7:50am On Mar 26, 2017 |
dingbang:Naira has been appreciating on a daily basis for awhile now.... Try to be optimistic bro |
Re: Top 10 Weakest Currencies In The World 2017 by Daneguakhi(m): 7:53am On Mar 26, 2017 |
Hmm... Some of those places have nice tourist getaways. So it'll be cheap to head there for my next vacay |
Re: Top 10 Weakest Currencies In The World 2017 by emeka2847: 7:54am On Mar 26, 2017 |
Iran''s case should tell you that value of currency is only an issue if you are not self-sufficient and have to go about importing |
Re: Top 10 Weakest Currencies In The World 2017 by toloohthegreat: 7:56am On Mar 26, 2017 |
RealLordZeus:see illiterate 1 Like |
Re: Top 10 Weakest Currencies In The World 2017 by osuofia2(m): 7:56am On Mar 26, 2017 |
Josiah1150:OP. you didn't includes the Zimbabwe's currency |
Re: Top 10 Weakest Currencies In The World 2017 by TrumpDonald2: 7:58am On Mar 26, 2017 |
If the Zimbabwean dollar is not on the list, then the list is not correct. |
Re: Top 10 Weakest Currencies In The World 2017 by tollyboy5(m): 8:03am On Mar 26, 2017 |
ElsonMorali: ![]() 1 Like 1 Share |
Re: Top 10 Weakest Currencies In The World 2017 by SIRmanjar(m): 8:06am On Mar 26, 2017 |
Josiah1150:Vietnamese dong..De name of dis currency dey funny me it sounds like cow dunk..Wot of Zimbabwean currency na?I here say loaf of bread na 1.5million for dem currency. Educative tread sha. 4 Likes |
Re: Top 10 Weakest Currencies In The World 2017 by ahahnow: 8:08am On Mar 26, 2017 |
sainty2k3: that is why government is still forming. Will will soon join our colleagues in the top ten |
Re: Top 10 Weakest Currencies In The World 2017 by Truth234(m): 8:11am On Mar 26, 2017 |
Adesiji77: Rightly said, South Korea Won is currently 1117.60 to a US dollar, yet the economy is far better than Nigeria. Lower exchange rate is actually an economic strategy to aid exports and create local jobs. Nigeria first implemented it in 1973 when we first devalue the Naira against the US dollar by 10 percent to bolster our exports but after oil boom, our exports decline and so is the relevance of such strategy. Happy Sunday. 3 Likes 4 Shares |
Re: Top 10 Weakest Currencies In The World 2017 by lonelydora: 8:17am On Mar 26, 2017 |
Nigerian naira na boy where all these ones dey. |
Re: Top 10 Weakest Currencies In The World 2017 by akigbemaru: 8:19am On Mar 26, 2017 |
Weakest currency in the world. |
Re: Top 10 Weakest Currencies In The World 2017 by musicwriter(m): 8:20am On Mar 26, 2017 |
Josiah1150: Iran is a very good example of how the west can destroy the currency of any country, even if they have crude. And I was here yesterday arguing with some people telling me crude oil is the alpha and omega for stabilizing a nation's currency. |
Re: Top 10 Weakest Currencies In The World 2017 by ezigr8(m): 8:23am On Mar 26, 2017 |
in other words currency value does not make a country stand out |
Re: Top 10 Weakest Currencies In The World 2017 by abdulkayus(m): 8:32am On Mar 26, 2017 |
musicwriter: Bt Iran still has a much more better economy than Nigeria. The issue of currency values affect a country's economy if dey are d importing type. |
Re: Top 10 Weakest Currencies In The World 2017 by Nobody: 8:34am On Mar 26, 2017 |
Currency strengths are not rated by their Dollar equivalent. They are rated by their PPP (Purchasing Power Parity). I guess Economics is not a layman's course, after all. Oh! And by the way, I'm a proud Economist. 4 Likes |
Re: Top 10 Weakest Currencies In The World 2017 by jbhill(m): 8:47am On Mar 26, 2017 |
Kathmandu:KIP KWAYETI 2 Likes |
Re: Top 10 Weakest Currencies In The World 2017 by RealLordZeus(m): 9:00am On Mar 26, 2017 |
toloohthegreat:If your life is as serious as your post reflects such that u can't even understand a joke... I pity your condition then |
Re: Top 10 Weakest Currencies In The World 2017 by Nobody: 9:02am On Mar 26, 2017 |
Who is still saying rubbish here...South Korea imports virtually nothing. |
Re: Top 10 Weakest Currencies In The World 2017 by ugsams(m): 9:04am On Mar 26, 2017 |
Josiah1150: I have been in Iran and from my experience back then I think life is easier and better over there when compared to Nigeria. Despite the western ban and limitations they were still doing fine. Iran is the only country where I have felt like a celebrity for just being a black man. |
Re: Top 10 Weakest Currencies In The World 2017 by ugsams(m): 9:07am On Mar 26, 2017 |
abdulkayus: They have better economy and they import and travel a lot just like Nigerians too. |
Re: Top 10 Weakest Currencies In The World 2017 by noblesteve(m): 9:08am On Mar 26, 2017 |
Lol can't believe Naira is not in the list. Naim be say we been dey underestimate our Naira o. Naira I hail thee ![]() |
Re: Top 10 Weakest Currencies In The World 2017 by bigiyaro(m): 9:08am On Mar 26, 2017 |
dat is to say the exchange rate to dollar don't mean shiit |
Re: Top 10 Weakest Currencies In The World 2017 by hardballripplez: 9:17am On Mar 26, 2017 |
dapyd1:. That's the point bro. It's not how much it exchanges for a dollar. How about the purchasing power? The Vietnamese economy is doing fine. I was in Vietnam last year and what i discovered was that 20 000 Vietnamese d0ng could barely buy you a cup of coffee. I think the Op missed the point by focusing on the number 2 Likes |
Re: Top 10 Weakest Currencies In The World 2017 by mmsen: 9:21am On Mar 26, 2017 |
Josiah1150: Indonesia is not an economically stable nation nor is it developed. OP is talking rubbish. |
Re: Top 10 Weakest Currencies In The World 2017 by neocortex: 9:26am On Mar 26, 2017 |
kygo: Zimbabwe have ported to US Dollar. |
Re: Top 10 Weakest Currencies In The World 2017 by Damibiz(m): 9:34am On Mar 26, 2017 |
We are nt talking about military power here,we re talking abt currency....who Iranian army don Eppp ? Kathmandu: 2 Likes |
Re: Top 10 Weakest Currencies In The World 2017 by ISTANDWITHBUHAR: 9:49am On Mar 26, 2017 |
Josiah1150: OP you are wrong, Zimbabwe should be the worst in the world go check again and correct yourself.. |
Re: Top 10 Weakest Currencies In The World 2017 by azahmed(m): 9:52am On Mar 26, 2017 |
Having a strong Naira against Dollar is of major concern here simply because we're over reliant on importation. A country like South Korea that have a long distance relationship with Dollar is doing well because they depends on their locally produced products and services. |
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