Why Not Redecimalise The Naira Instead - Business - Nairaland
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| Why Not Redecimalise The Naira Instead by slamstan(m): 8:38pm On Aug 26, 2012 |
Am still wondering the later effect of the N5000 note when introduced, sometime ago the former CBN governor- Soludo proposed to redecimalise the naira and somehow the idea was scrapped, i still feel redecimalization could be more positive in this cashless policy plan, i hope some economic expert in this forum would shed more light on this.... |
| Re: Why Not Redecimalise The Naira Instead by Nobody: 8:43pm On Aug 26, 2012 |
Redecimalization or whatever they call it is only a short term solution and it also has it's own inflationary effects. till boils down to the same problem. Nigeria's economy need to diversify. |
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