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The Naira Page by predictor1: 2:45pm On Mar 25 |
I remember when I could buy a bottle of coke for #10. That was around 1996. Naira was strong. Bata shoes then were like #200 for a pair. Now, our darling naira ain't so darling anymore. What has gone wrong over the years? Many reasons have been given. * Nigeria imports too much * We produced next to nothing for export besides oil * Corruption * The activities of the black market *Tinubu Whatever it is, it's not looking good. I never thought I'll see the day when I'll exchange a dollar bill for #1000. I did recently. There were these dollar bills I kept as souvenir since 2010. Then a dollar was less than #200. I changed them for #800 each in early February.I asked the aboki how much he would sell a dollar back to me and he said #1400. Since then a dollar had exchanged for close to #2000. Some Nigerians rejoiced at this , they were of the opinion that it showed they were right to have voted against the present president. These days the naira is fighting back. Yesterday it was #1460. This afternoon it is #1412. What are the naira's chances? As goes the naira, as goes Nigeria. On this thread I've decided to turn myself to a monitoring spirit and talk about the naira's chances, hence Nigeria's chances. |
Re: The Naira Page by predictor1: 8:37pm On Mar 25 |
#1424 now. From #1412 this afternoon. Lost #12 |
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