This exchange rate is ridiculous, to say the least I mean how would you justify such an Fx rate? Indeed, some factors come into play to put the FX the Naira at such a drowning position. Some of these reasons would be discussed below and would be advice-able for us as Nigerians to tackle them before it gets out of hand.
There are also some amazing facts about it, we do not know about. The Euro currency was launched or introduced as an accounting currency on January 1, The history of this currency started with the acceptance of the Maastricht Treaty. Other countries participated by fixing their domestic currencies to the Euro, the event which took place, and means that local currencies were not allowed to fluctuate against the Euro and against each other.
At first, the Euro was launched as electronic currency, it later became a cash currency and also a legal tender on January 1, The roots of the Euro existed a long time ago in the European Monetary System in which involved the creation of the European currency unit.
On its launch, it replaces the old national currencies. The Euro was implemented with the goal of creating a stable European economy, the Euro has also helped ease the exchange rate volatility among different European countries, it has also improved economic growth across Europe and offers 1 more integration among the financial markets.
The Euro has actually helped the economic market and it has made a great impact. Now below are some interesting facts about the Euro, I think we should all know about it. I believe above here are some important facts you can know about the euro.
Although during the time of the launch of the currency, there were some problems which were faced during then like the euro has taken away the interest rate as a tool of the fiscal policy, if the local economy slows, this means that the local government cannot lower the interest rates to stimulate growth. Even with all of these, the euro has helped a lot and besides not all countries in the EU union have accepted it, due to some effects it will have on the economy.
Now, these are some facts, what are your take on this. How do you think the euro has affected the economic growth in European countries?
The rate at which we import is quite alarming, we import almost everything and anything they can.
In contrast, we export little to nothing compared to what we import. What then do you think is the implication of this? It means our importers would demand more of foreign currencies, therefore, raising their value at the expense of our own Naira. Nigeria as a country lacks economic diversification and only depends on the income gotten from oil. Now with the falling price of oil in the global market as oil had been discovered in other parts of the world, the value of Naira would continue to fall with a response to the fall of the oil price except if we diversify our economy.Honeywell switching relay wiring diagram r841e
This is, in fact, one of the primary reasons why Naira is losing its value in the world market. Some businesses in Nigeria now prefer to collect their charges in foreign currencies like the dollars, pounds or euros rather than the currency of the land.
This act though frowned upon by the Government, Nigerians still practice it, and this had in turn been the reason for the declining value of Naira. Many Nigerians prefer foreign goods and services to our local products and services.The euro is the official currency of the European Union and its territories.
It is the second largest and second most traded currency after the United States dollar.
1500(EUR) Euro(EUR) To Nigerian Naira(NGN)
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Any use or reliance on our content or data is solely at your own risk and discretion. You should conduct your own research, review, analysis and verify our content before relying on them. Currency Summary Currency pair perfomerce overview. Exchange Rate History. Create Alert. Currency Converter Exchange currency calculator.
Exchange Now. Weather Condition. Subscribe to Newsletter No Spam - Recieve weekly foreign exchange report and market analysis directly in your inbox. Brazilian Real to Naira. British Pound to Naira. Canadian Dollar to Naira. Chinese Yuan to Naira. Euro to Naira.
Ghanaian Cedi to Naira. Indian Rupee to Naira. Japanese Yen to Naira.
Kenyan Shilling to Naira. Malaysian Ringgit to Naira.Helmet wrap kits
Russian Ruble to Naira. Singapore Dollar to Naira. South African Rand to Naira. Swiss Franc to Naira. Turkish New Lira to Naira. UAE Dirham to Naira.The post is updated every day to give the day to the day Exchange rate of the euro. The article contains euro to naira exchange bank rate, euro to naira, black market rate, western union and MoneyGram exchange rate to the naira. In the yearthe currency was born but just virtually and three years after which was in notes and coins began circulation.
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No content or data on our Site is meant to be a solicitation or offer.
We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content or data that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content or data is solely at your own risk and discretion.
You should conduct your own research, review, analysis and verify our content before relying on them.Nigerian current banknotes in 2017
Exchange Rate History. Currency Converter Exchange currency calculator. Exchange Now. Weather Condition. Subscribe to Newsletter No Spam - Recieve weekly foreign exchange report and market analysis directly in your inbox. Brazilian Real to Naira.
300 EUR to NGN - Euro to Nigerian Naira Exchange rate
British Pound to Naira. Canadian Dollar to Naira. Chinese Yuan to Naira. Euro to Naira. Ghanaian Cedi to Naira. Indian Rupee to Naira. Japanese Yen to Naira. Kenyan Shilling to Naira. Malaysian Ringgit to Naira. Russian Ruble to Naira. Singapore Dollar to Naira. South African Rand to Naira.And of course, good old rags made from old clothing and towels are free and probably the greenest option of all. Wash laundry with homemade laundry soap and stain removers. Borax and Washing Soda come in cardboard boxes.
Read about all of my plastic-free laundry methods, including how to make laundry liquid from soap nuts and how to get the stink out of nasty, oily cloths. Try the stain remover sticks from Juniperseed Mercantile or Buncha Farmers.
A reusable Swiffer cloth is great for those of us who already own a Swiffer mop. But if you already own a Swiffer mop, check out the reusable Swiffer cloths from Juniperseed Mercantile. An even better option are If You Care brand FSC-certified natural rubber gloves. Read my post Flushing Plastic Down The Drain. But think about it: the bar soap gets rinsed off every time you use it.
Where do you think the most germs are accumulating. And then I discovered Made-On Second Life Hair Butter, and my life changed completely. This stuff is awesome for taming frizzies if you have curly hair like I do. It works better than any commercial deodorant I have ever used. Read my Great Big Plastic-Free Non-Toxic Deodorant Review. Try the baking soda first. There are also lotion bars and lip balms and glosses that come in glass or metal containers. More on the razor and the blades here.
Find plastic-free, zero waste dental floss. They offer a choice of recycled paper or bamboo. Seventh Generation recycled individually wrapped toilet paper can be ordered by the case through Amazon.Pathfinder pounce barbarian
It comes in a cardboard box without any plastic wrapping. One great brand is Luna Pads, which are made with organic cotton. Remember to ask the seller to ship with no plastic packaging.
Some women prefer the Diva Cup, which can be washed and reinserted. Read about them here.
Euro To Naira Exchange Rate & Black Market – October 2020
Several readers have offered other options. Check out my May 7, 2010 post and especially the comments for plastic-free sunscreen alternatives. Check out these new plastic-free, organic hair elastics.Ritsu x mio lemon
This way, I can avoid all the disposable cups, plates, and cutlery in the lunchroom. Those containers contain endocrine-disrupting chemicals. My Waring Pro is all glass and metal and works just fine. It was a fun experiment. When we run out of jars, we store leftovers in bowls with saucers on top instead of plastic wrap.
Bowls with saucers are great for stacking.Pre-Game Bets, Including Game PropsAll pre-game bets include overtime unless otherwise stated. In-Play Game Bets INCLUDE OvertimeIf a game is postponed or cancelled after the start there must be 5 minutes or less of scheduled game time left for bets to have action. In-Play Half Bets INCLUDE OvertimeThe first half must be completed for first half bets to stand. In-Play Quarter Bets INCLUDE OvertimeThe quarter must be completed for bets to have action, unless settlement of bets is already determined.
To Win Division - NBA tie-break rules apply. Outright, Division, Conference and Regional BettingAll bets stand regardless of team relocation, team name change or season length. Beach VolleyballOutright Betting is all-in compete or not. Match BettingA match must be played within 48 hours of the original scheduled start time for bets to stand. To Win the FightIn the event of a draw all bets will be void and stakes returned, this includes a fight which ends in a Majority Draw.
All bets will have action regardless of changes to number of rounds to be fought. All bets will have action regardless of changes to the number of rounds to be fought.
Total RoundsFor settlement purposes where a half round is stated then 1 minute 30 seconds of the respective round will define the half to determine under or over. Round or Group of Rounds BettingIf for any reason the number of rounds in a fight is changed then bets on round betting already placed will be void and stakes returned. In-PlayFight Winner 3-Way - Includes quote for the draw. Fight Winner 2-Way - Offered for fights where no draw is possible e.
Fight Outcome 5-Way - Refer to pre-game fight outcome. Fight Outcome 4-Way - Offered for fights where no draw is possible e.
Fight SpecialsTo Score a KnockdownFor settlement purposes a knockdown is defined as a fighter being KO'd or receiving a mandatory 8 count (anything deemed a slip by the referee will not count).
CricketAll MatchesMatches not Played as ListedIf a match venue is changed then bets already placed will stand providing the home team is still designated as such.
50 EUR Euro to NGN Nigerian Naira
Batsman Match RunsThe following minimum number of overs must be scheduled, and there must be an official result (Duckworth-Lewis counts) otherwise all bets are void, unless settlement of bets is already determined.
Twenty20 Matches - The full 20 overs for each team. One Day Matches - At least 40 overs for each team. Team Batsman to Score a Fifty in the MatchThe following minimum number of overs must be scheduled, and there must be an official result (Duckworth - Lewis counts) otherwise all bets are void, unless settlement is already determined.
A Hundred to Be Scored in the MatchThe following minimum number of overs must be scheduled, and there must be an official result (Duckworth - Lewis counts) otherwise all bets are void, unless settlement is already determined. Team Batsman to Score a Hundred in the MatchThe following minimum number of overs must be scheduled, and there must be an official result (Duckworth - Lewis counts) otherwise all bets are void, unless settlement is already determined.Wouldn't want to miss it.
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