Nigerians stopped using coin and.kobo in the year 2007. When you compare the period when the coin was still in existence and now I can see a very big difference when I mean a very big difference you know what I mean during those days can you imagine paying someone's school fees with just hundred naira.
In a country where their currency was ones the most valuable in the world to a currency not even valuable in some countries in it's continent. Now Imagine if Nigerians where still using the Kobo and coins how powerful this country would be financially now we are so weak that we have become debtors.
If Nigerians were still using this coin and Kobo by now our currency would have been matched with currencies like the Kuwait, pounds,euro and the rest but now we are debtors what a drastic change in an economy. Our colonial masters the British are still using their pence, other African countries still counts their currency from 1 upward in Nigeria 50 naira not does not have any value again.
Na wah oo.
I don't think it works that way. They're factors that influence the value of currency in a particular country. Things like
1. Inflation,
2. The debt government owe other countries(like china in our case which we owe over $4.2 billion),
3. No exportation of goods mostly importation can influence it.