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Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate - Politics - Nairaland

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Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by becomrich15: 1:24pm On Oct 01, 2009
Exchange new naira for N1 = 100 old naira to reduce inflation rate
Re: Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by Wilfem(m): 2:24pm On Oct 01, 2009
I don't seem to understand.
Re: Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by ketsho: 2:29pm On Oct 01, 2009
There are many causes for inflation, depending on a number of factors. For example, inflation can happen when governments print an excess of money to deal with a crisis. As a result, prices end up rising at an extremely high speed to keep up with the currency surplus. This is called the demand-pull, in which prices are forced upwards because of a high demand.

Another common cause of inflation is a rise in production costs, which leads to an increase in the price of the final product. For example, if raw materials increase in price, this leads to the cost of production increasing, which in turn leads to the company increasing prices to maintain steady profits. Rising labor costs can also lead to inflation. As workers demand wage increases, companies usually chose to pass on those costs to their customers.

Inflation can also be caused by international lending and national debts. As nations borrow money, they have to deal with interests, which in the end cause prices to rise as a way of keeping up with their debts. A deep drop of the exchange rate can also result in inflation, as governments will have to deal with differences in the import/export level.
Re: Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by emyah(m): 2:30pm On Oct 01, 2009
Inflation can be caused by federal taxes put on consumer products such as cigarettes or fuel. As the taxes rise, suppliers often pass on the burden to the consumer; the catch, however, is that once prices have increased, they rarely go back, even if the taxes are later reduced. Wars are often cause for inflation, as governments must both recoup the money spent and repay the funds borrowed from the central bank. War often affects everything from international trading to labor costs to product demand, so in the end it always produces a rise in prices.
Re: Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by emyah(m): 2:34pm On Oct 01, 2009
Inflation refers to a rise in prices that causes the purchasing power of a nation to fall. Inflation is a normal economic development as long as the annual percentage remains low; once the percentage rises over a pre-determined level, it is considered an inflation crisis.
Re: Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by MrCrackles(m): 2:36pm On Oct 01, 2009
becomrich,:

Exchange new naira for N1 = 100 old naira to reduce inflation rate
What are you on about?
Re: Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by Jarus(m): 2:57pm On Oct 01, 2009
na so dem dey do am. . . .Economist BCR. . .did u also see that from map or God talked to you? Look, go school grin grin grin
Re: Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by Bluetooth2: 3:36pm On Oct 01, 2009
i dont seem to understand what the topic is all about?
Re: Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by bawomolo(m): 3:38pm On Oct 01, 2009
~Bluetooth:

i dont seem to understand what the topic is all about?

go school and you would understand.
Re: Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by Jarus(m): 3:43pm On Oct 01, 2009
bawomolo:

go school and you would understand.
grin grin

Look, God talk to me grin
Re: Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by Sagamite(m): 3:57pm On Oct 01, 2009
@ poster

Deranged soul. grin grin grin grin grin
Re: Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by jaybee3(m): 4:02pm On Oct 01, 2009
@poster
how could i have been so wrong, thought ur stupidity don peak grin grin grin
Re: Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by Beaf: 2:02am On Oct 02, 2009
@becomerich

If you put any map here, you will see mapomeji. A word is enough. . .
Re: Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by chic2pimp(m): 3:38am On Oct 02, 2009
Beaf:

@becomerich

If you put any map here, you will see mapomeji. A word is enough. . .
ROFLMAO grin cheesy cheesy
Re: Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by trekkie: 4:27am On Oct 02, 2009
hi guys how many becomerich dey here. smiley

1. becoomrich posts 108
2. becomrich, posts 402
Re: Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by bawomolo(m): 4:41am On Oct 02, 2009
Beaf:

@becomerich

If you put any map here, you will see mapomeji.
A word is enough. . .

na fight grin grin
Re: Exchange New Naira For N1 = 100 Old Naira To Reduce Inflation Rate by citizenY(m): 10:28am On Oct 02, 2009
Abeg, make una no dey answer this man.

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