Our destiny is in our hands
It is no longer news that CBN
plans to introduce N5,000 note by
January 2013 .
The crux of the matter is the
implication that this will have on
our individual lives and national
economy. One of the indices of a
GROWING INFLATION, is the
creation of Higher Local Currency
Bill, NO matter what CBN or the
Managers of our economy say,
they know too well in their minds.
Ask them in Zimbabwe!
We will soon be buying things
now sold for about N3,000 -
N4,500; for N5,000.00!
It is terrible!
Why are we not emulating Ghana
where they just redenominated
their currency? Why can't we do
same to manage our economy?
The answer is clear; if we
redenominate THEY will lose the
money already stolen and kept
abroad. For instance if we
redenominate by cutting down
two zeros, N1,000 becomes N10
while N100 becomes N1. In a
similar way one dollar will
exchange for N1.55k. Therefore
$100m will be N1.5m. Naira will
become stronger against many
currencies and stealing money
abroad will become unattractive.
Why are we going for higher
denomination when CBN is
spending billions to promote a
cashless economy?
Join to say no to introduction of
higher denomination of naira .
Let's save our economy. Pls
rebroadcast untill it gets d
necessary attention. If we have 2
re-occupy Nigeria or CBN (this
time), let's do it....even if ₪o† for
ourselves then let's do it for d
future of our children and their
unborn children!! Before they
endanger our lives and make us
slave in our own nation.......