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Nairaland Forum / Nairaland / General / Business / CBN To Reduce The Volume Of N500, N1000 In Circulation - Nairametrics (27904 Views)
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Re: CBN To Reduce The Volume Of N500, N1000 In Circulation - Nairametrics by deleo16(m): 11:33pm On Nov 22, 2022 |
sisisioge:enaira or mobile banking or bank transfer the policy is a good one to me |
Re: CBN To Reduce The Volume Of N500, N1000 In Circulation - Nairametrics by einsteine(m): 11:41pm On Nov 22, 2022 |
Foolishness. How does the denomination of the note affect the value? There is a 500 euro note and a 1000 CHF note, has that caused inflation in the euro zone or Switzerland. Emefiele will be giving market woman analysis because he knows many Nigerian illiterates would believe him. Tufiakwa. |
Re: CBN To Reduce The Volume Of N500, N1000 In Circulation - Nairametrics by Neoteny7: 12:52am On Nov 23, 2022 |
NwaNimo1: I guess you read it either upside down or backwards. |
Re: CBN To Reduce The Volume Of N500, N1000 In Circulation - Nairametrics by GENES11S: 4:41am On Nov 23, 2022 |
The question is what can 50 naira buy? The value of the currency is the problem here. If 50 naira or 200 naira hs value, people will be going to markets with them and not just 1000 naira. |
Re: CBN To Reduce The Volume Of N500, N1000 In Circulation - Nairametrics by Tundex911: 5:25am On Nov 23, 2022 |
....still, I blame OBJ |
Re: CBN To Reduce The Volume Of N500, N1000 In Circulation - Nairametrics by Whois(m): 7:00am On Nov 23, 2022 |
What will happen to our ATM's |
Re: CBN To Reduce The Volume Of N500, N1000 In Circulation - Nairametrics by Blackman101: 8:33am On Nov 23, 2022 |
Now the CBN is waking up small by small |
Re: CBN To Reduce The Volume Of N500, N1000 In Circulation - Nairametrics by goodheart01: 8:46am On Nov 23, 2022 |
AllDModsAreMaad: The American highest currency is $100. So what are u saying? |
Re: CBN To Reduce The Volume Of N500, N1000 In Circulation - Nairametrics by yemi1504: 10:27am On Nov 23, 2022 |
fergie001: Very bad idea! |
Re: CBN To Reduce The Volume Of N500, N1000 In Circulation - Nairametrics by fxexperts: 10:49am On Nov 23, 2022 |
goodheart01:This guy doesn't know jack. My friend the US even has $5,000 dollar bill. be there deceiving yoursef. Even their $100 bill is worth over N80,000 naira. You guys deserve Buhari and Tinubu pro max. Market woman analysis, It will never work. I never knew Nigerians are this daft. |
Re: CBN To Reduce The Volume Of N500, N1000 In Circulation - Nairametrics by Tonytonex(m): 11:08am On Nov 23, 2022 |
Okortor:it might bring more hardship to people. POS business maybe affected. And they are everywhere. What will happen to them now? |
Re: CBN To Reduce The Volume Of N500, N1000 In Circulation - Nairametrics by imagrg(m): 11:22am On Nov 23, 2022 |
Thinking with his mouth. |
Re: CBN To Reduce The Volume Of N500, N1000 In Circulation - Nairametrics by goodheart01: 3:16pm On Nov 23, 2022 |
fxexperts: Mr. “I too know”... the US Federal Reserve Board stopped the printing of bills above $100 in 1969. That’s why no American bank will issue u those higher bills. The once u may see are very very few and are even hard to find. So legally, the highest denomination in the US is $100. The United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills. So u are the daft one here. And for the records, I’m an Obidient. |
Re: CBN To Reduce The Volume Of N500, N1000 In Circulation - Nairametrics by Okortor: 7:06pm On Nov 23, 2022 |
More Hardship ? Exactly my point but not affecting POS business infact this is their season to make good money because banks would reduce amount of cash withdrawal over the counter also ATM machines would also reduce it's cash dispense so definitely everyone would prefer using the POS for convenient transaction not Minding d charges compared to banking stress, and for the cash availability, bank's would definitely make available maximum and enough cash to it's POS agent's across the country because they are generating excessive income via Agency banking........ Tonytonex: 1 Like |
Re: CBN To Reduce The Volume Of N500, N1000 In Circulation - Nairametrics by Tonytonex(m): 10:43am On Nov 24, 2022 |
Okortor:Ok. Thank God. I Thought it was going to be difficult for them to access the cash. |
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