A Nigerian lady identified as Toke, a Nigerian travel enthusiast, is now a millionaire in the Republic of Guinea after a successful currency conversion.
Toke, who is on a tour of the West African country, shared her exciting experience with her followers on TikTok, highlighting the significant difference in the value of the Guinean Franc (GNF) compared to the Nigerian Naira (NGN).
Toke, who is currently in Conakry, the capital of Guinea, revealed that she converted a relatively modest amount of N150,000 Nigerian Naira into the local currency, the Guinean Franc.
Astonishingly, she ended up with a staggering 1.5 million GNF in her possession after the conversion. This unexpected financial windfall left her both amused and amazed at the currency exchange rate between the two nations.
In her TikTok video, Toke playfully remarked on the striking disparity in the value of the two currencies.
She mentioned that even a simple purchase, such as a bottle of water, could cost as much as 4000 GNF in Guinea, which emphasized how weak the Guinean Franc was when compared to the Nigerian Naira.
At the time of Toke’s visit, the exchange rate stood at approximately 1 GNF being equal to 91 kobo in Nigerian Naira.
@user9614230518805 said; “I want to relocate.”
@tobileaguet commented: “Me I’m on my way.”
@Pan Africanist said; “How much is a car there?”
@ayo_is_ayo said; “I am coming, I want to feel like a billionaire too. Even if it’s to borrow N1 million.”
See below;
@thattokelady As a Nigerian spending in thousands is giving me anxiety. Felt like I’m spending so much but not really. Guinea 🇬🇳 used to be part of the franc zone of former French colonies, using the CFA franc as its official currency until its independence. Other Former French Colonies which are 12 countries in West Africa still spend the “colonies françaises d’Afrique” known as CFA. This is not the first currency being used by the currency but this is the most recent. Rumor has it that due to Guinea Conakry bowing out from spending CFA, France, by all means, devalued this currency. ✨ Now with the new power CFA is holding even over Naira, it’s fair to say they are fast becoming the strongest currency in West Africa. Want to travel across West Africa as a Nigerian you either travel with a lot of dollars or pounds or get yourself some CFA… 😉Now who is joining me here in Guinea? #thattokelady #guineaconakry🇬🇳 #westafricatravel #10countries50days
♬ A Tale Only the Rain Knows – Muspace Lofi
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