We need to look within to develop
outwards.
EXCHANGE RATE... IN AFRICA AGAINST NAIRA.
South Africa: Rand 1 = 13 Naira
Angola: 1 kwanza = 2 Naira .
Botswana: 1 Pula = 18 Naira
Cape Verde: 1 Escudo = 2 Naira
Algeria: 1 Dinar = 2 Naira
Egypt: 1 Pound = 25 Naira
Eritrea: 1 Nakata = 13 Naira
Ethiopia: 1 Birr = 9 Naira
Ghana: 1 Cedi = 50 Naira
Gambia 1 Dalasi = 5 Naira
Kenya: 1 shilling = 3 Naira
Liberia: 1 Dinar = 4 Naira
Lesotho: 1 Loti = 14 Naira
Libya: 1 Dinar = 146 Naira
Morrocco: 1 Dirham = 146 Naira
Madagascar: 1 Ariary = 4 Naira
Mauritius: 1 Rupee = 6 Naira
Malawi: 1 kwacha = 11 Naira
Mozambique: 1 Metical = 4 Naira
Namibia: 1 Dollar = 12 Naira
Seychelles: 1 Rupee = 12 Naira
Sudan: 1 pound = 32 Naira
Swaziland: 1 Lilangeri = 13 Naira
Tunisia: 1 Dinar = 100 Naira
Zambia: 1 kwacha = 18 Naira
So virtually all African currencies are
stronger than naira! So why would PMB devalue naira?