Nigerian Naira to Dollar exchange rate record over 48 years (1972-2020)- Do you know once in history, Nigerian naira was higher than American Dollar?
The economy of the giants of Africa, Nigeria has for years experienced good and bad, better or worse time in years and presently. In time past our Naira was respected, feared and had value in the world and international market even to American dollar.
The name giant of Africa was not just given to Nigeria like that, several factor came into consideration before the name was given which Nigerian economy and currency was among, it will blow your mind that in time past, and in the history of Nigeria, Nigerian Naira had more value than American dollar, to emphasis on it; in 1983, one (1) dollar was 0.894 Naira ($1= N0.894) not even up to a Naira but 89Kobo.
Nigerian Naira to Dollar exchange rate record over 48 years (1972-2020)
Before we continue see table of the improvement and decline of Nigerian Naira to Dollar since after independence. Table of the exchange rate of dollar to Naira from 1972 till date
|Year||Dollar ($)||Naira (N)|
Can you believe the large difference of the fall of Naira to dollars and even other currencies like Ghana Cedi? What really went wrong? Before our money had value and cost of living before was affordable but now it’s not like that anymore everyday dollar keeps rising
Ask yourself this question, when will all this get better? What can I do to help my country escape from poverty?
Please feel free to share your point of view with other by leaving a comment below.