Hope the Patent for Naira will be given to Alhajis, mallams and Bureau de change people who will now print money in their houses when they like.

Shoooo, but why na aaaa

PointB:

Is the above not a contradiction? How can big note serve big transactions when big transactions are already been conducted via electronic/cashless transaction?

Is CBN suggesting that the N5,000 Naira note will not be available at the ATM? If it is, how will the ATM be able to ascertain that a with ascertain that a 5k, 10k, or 20k transaction from ATM which might include this new not is for big transaction?

If the 5k note is not available at the ATM, is it's purpose not defeated? Will the CBN prevent ordinary Nigerians from using the 5K note to purchase garri and the new cassava bread from kiosk owner?

CBN please define big transaction in the context of cashless policy? This 5k note is utterly not needed, even 1000 note should be phased out as we continue to go cashless!

I don’t know if you’re aware that at some point, financial instruments have to be transferred from bank to bank. There are a lot of interbank and intra-government transactions that occur daily; even though most of the transactions are mostly electronic credits, there are still some that results in moving the physical naira note.

There are some people arguing that the larger note will facilitate easier looting by government officials. I think that’s funny because the government officials in question will rather have their stolen loot in dollars or other foreign currencies that can be easily converted! Even the business people that transact in large business deals will request payment in dollars or pounds and not Naira!

However, I do believe that creating a larger naira denomination will result in inflationary pressure.

This govt& her ministers smh

for beta economic reforms just appoint spongebob squarepants, Simple!

Wallie:

Nobody. In 2007, Soludo and Obasanjo re-dominated Naira and created new notes. The most likely scenario is that they contracted a foreign design company to design the new notes. If that were the case, the company simply retained ownership of the designed notes, which is not that unusual but shouldn’t have happened. One can always pay extra to own everything associated with the design.

This is akin to hiring a programmer to design customized software and having the programmer retain ownership of the actual code. This means that you cannot change the code at a future date without the programmer’s consent/help.

GOD bless you! the comments before yours have left me to start wondering what our intrests are in this nation. the word patent alone explains it.
Once Again, thanks

Why is nobody asking questions about our security & minting company that use 2 print currencies & ballot papers in d 80's chei! nigerians don suffer!for coconut-heads hand,why afganistan or niger republic no come colonise nigeria

How sure are we that even the patent right for Nigerian state(if any) still resides with her citizens?
Great Nation , Great people....Naija 4 life

CID: How sure are we that even the patent right for Nigerian state(if any) still resides with her citizens?
Great Nation , Great people....Naija 4 life

Haba, I concur