The Illusion of “Strong” Currencies, and the Missing Naira

You might have seen the Business Insider article where it ranked the “strongest” currencies in Africa, and our Naira was missing. Let me help here because BI was totally wrong. In 2007, when Ghana pegged $1 = 1Cedi (days before that translation, it was $1 = 10,000 old Cedis), Naira was trading around $1= N125. Today, [...]The post The Illusion of “Strong” Currencies, and the Missing Naira appeared first on Tekedia.

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