The new naira note that will be launched on 28th feb.

What did you guyz think about it, making ^20.in coin?. Hmmm, that's funny

yea soon you wil be buying things for N19.50kobo

you get to use coins more

any country that does not make use of coin is useless, so i think nija is geting wise now.

I prefer notes to coins. I hope they're doing this because the coin is cheaper to make.

I dont think they know what they are doing. there's no way they can force the nigerians to use the coins. changing all those notes into coin would only cause inflation esp in lagos. the market women always have a way around the whole thing.

my conclusion: it's a terrible idea

Lets add some flesh to this.

Find attached a pic of the New notes.


Bon appetite!!

Attention to the 419: Abeg make una no start printing o. EFCC is on d look;

Behold, the WAZOBIA,

Cheers.

The New 2 Naira note.

Infact who gave it that name NAIRA

looks interesting-_{ly ugly} the cpins that is

All those white space on the notes looks like writing pads, more reason to scribble an address on it

not bad, but the white space is the one that am concerned about, and the coin is kinda a nice idea but who is used to carrying coins in Nigeria.

the coins are a bit , they look like the £2; they should have left the N1 coin the way it is

and the N1 looks like $2CDN

THE coins look nice

why not make 100 , 200 & 500 notes as coins as well as the 1 & 2 naira notes plus the kobo coins but keep all others (5,10, 20, 50 & 1000) as notes?

i'm not a whizzkid in economics (sp?) but I think people would guard the 100 , 200 & 500 coins jealously and would be unwilling to spend it. Yes, doing so would defeat the rationale for having high denominations but won't it cause inflation to be slower?

as for the new notes, i think they're too fat. they should be thinner and i agree that there's too much "white space". i prefer the look of the old one naira coin but i guess this one is cheaper to make.

Mr ConSOLUDOtion carry go!

hope the coins are not as fat and heavy as they seem.

azorjiu:

hope the coins are not as fat and heavy as they seem.

we will soon know,
afterall it will soon be out
for our use

I think this is crazy; a waist of time, money, energy and what have u, maybe in future it might become a kool idea but for now its unnecessary. I totally agree with u eniola

eniola1310:

I don't think they know what they are doing. there's no way they can force the nigerians to use the coins. changing all those notes into coin would only cause inflation esp in lagos. the market women always have a way around the whole thing.

my conclusion: it's a terrible idea

Well lets just wait and see what happens. Although they look pretty.

Good design. I will spend them very very very well.

i prefer the note though the design look like a copied concept
but wait o, what would i buy at N1 or N2 In lagos?
What the use?

not spending them well is the matter at hand, respecting and maintaining them is a responsibility one must take.

Polymer notes are more durable than paper notes, so one doesn't need to 'respect' them so much. Yay!

damn!!! those new notes are bad and i think it's setting a new standard for other african countries (at least).
let's just keep it in mind that it's sure another way to embezzle money.

WILL IT IMPROVE OUR LOTS?
I Wonder

the fact that the 20 naira is polymer is very lovely. that is one great achievement.

it will preserve the currency for a long time.


ok now what of 100s 200s and 500s?

I think those ones dont get as dirty as the N20 notes

Why the use of 3 languages on the back of the notes ?Are they saying that other tribes are not relevant in the scheme of things ? IS THIS THE ONE NIGERIA WE PREACH?Why do we then think that our brothers in[b] NIGER DELTA [/b] will not continue with hostage taking ?when they are always sideline!!!!!!!!!!!!!

the note are so fineee! no thanks to nigerian populace, they wont be fine for long

i wonder if we can use the coins as jewelry, wont mind wearing them as pendant.

silly uhn?

LoverBwoy:

I think those ones don't get as dirty as the N20 notes

what i meant was that are they still going to be in circulation?

ogbes:

Why the use of 3 languages on the back of the notes ?Are they saying that other tribes are not relevant in the scheme of things ? IS THIS THE ONE NIGERIA WE PREACH?Why do we then think that our brothers in[b] NIGER DELTA [/b] will not continue with hostage taking ?when they are always sideline!!!!!!!!!!!!!

exactly what i was going to say, whats the relevance of putting 3 languages in the back of the note, thats kinda segregating all the other tribes, the fact that these 3 languages are the most common languages doesnt mean that the others do not exist, i think that is just irrelevant, and they could have made the naira notes without that

All hail the return of ECOMOG

If past experience is of any use, then I would like to say it will b interesting to c if vendors accept the coins. Back during the ECOMOG days, most vendors refused to accept them, even though it was legal tender. Even more disturbing was that most of the coins ended up being smelted by mallams

@ Seun

Coins are not cheaper to make, but they are cheaper to maintain, hence they tend to last longer than notes (papper money)

i want to be cbn governor since all the past ones always comes up an improvement on the naira.FG take note o