Genea:
Felt a relief not seeing Nigeria on the list

haba, Nigeria can't be in the top 30 worst sef

This list is incomplete. Zimbabwean currency is exchanged at 30 quadrillion to a dollar.

That is where Nigeria is heading.All these ones they are doing to stop the depreciation of naira are just dying men fight. Any country that can not keep up with the flow of 21st century force is bound for the black hole.

dingbang:
But isn't the naira getting weaker and weaker everyday? We are just getting nearer to the list

Negative comment! Huh.

[b][/b] wat abt zimbabwe

Oga, wey Zimbabwean Dollars? Na one full wheelbarrow to a US Dollar ooo

Kathmandu:
Some countries like Vietnam allow their currencies to have a low exchange rate to boost their export.



Check Japanese and Chinese exchange rate to the dollar and your mouth will be agape for 45minutes

then why you blind enemies of Nigeria supporting devaluation when we are actually not exporting anything other than oil?

Kathmandu:
Iran economy is still miles ahead of Nigeria economy.


Iranian Army will do a walkover on Nigeria Army

if you're smart enough, you'd know that north Korea has one of the strongest military in the world. How good is their currency and economy? Check the success of our military in terms of peace keeping and personnel strength, we are kings in our own right. Abi Na airpower u de use judge alone?

There's absolutely nothing more the appreciation of naira against the USD will give our economy "at the moment" aside national ego.

Note the phrase " at the moment "

appreciation of naira will only increase our import demand, this is because as naira value increases, our foreign goods become relatively cheaper, and knowing fully well, Nigerian's taste for foreign goods!


The resultant implications are
(1) it will fight against the campaign of patronising made in Nigeria goods, as our imports will increase stupendously.
(2) it will kill or as it were, gradually eliminate our domestic import competing industries.

And we should know, for a net export economy like Nigeria, there's no way the appreciation of naira can benefit us,... You asked why? Simple! As the naira appreciates, our exports become expensive, foreigners will demand less for our goods, and for us, import becomes cheaper. So it will be that demand for our local goods will fall, yl demand for foreign goods will increase.

Now the Asian Tigers have realised this, and they have bn deliberately keeping their currency low against the USD. China was accused specifically last yr for deliberately keeping thier currency low against the dollar

anotherydz:
You see! We are still fine in Nigeria not that I'm embracing mediocrity but we Nigerians are the ones frustrating our efforts. South Korea is better economic-wise than Nigeria yet they have a weak currency. $1 - 1117won.
That's leadership!
We need good leadership and reoriented people to be led.

You have a weak understanding of a currency strength and value.

c733d:
You have a weak understanding of a currency strength and value.

Thanks. I'll work on it. Are you fine now?

ugsams:


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 u serious u mean they like black men

A weak currency doesn't necessarily signify a weak economy. There are some strong economies that have very weak currencies when compared to the dollar.