Who Prints Hard Currency For Nigeria

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Date: November 23, 2009, 07:39 PM
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Author Topic: Who Prints Hard Currency For Nigeria  (Read 214 views)
ifihearam
Who Prints Hard Currency For Nigeria
« on: September 18, 2009, 10:34 AM »

This question came to mind after an interactive section on AIT on the popular programme Focus Nigeria anchored by Gbenga Aruleba where they focused on the rights of printing currency as to the CBN Governor and one of the discussants read out the privileges of the CBN Governor where he has the Right to print "currency"subject to the approval of the National Assembly but he went ahead to print currency over the palaver in the banking sector and in an interview he told the whol world that he has the right to print currency and give it to any one he pleases.That is not the issue here but i want to know if printing of currency refers to only Nigeria or foreign currency like US dollars and British Pounds because that gave rise to a huge argument in my house that day,some said the term currency includes other currencies but i objected,they butressed their points by saying how could the United States or Britain circulate their currency in all countries in the world if those countries dont have the right to print them.

If any one has any idea on this please discuss and lets clear the air
MrCrackles (m)
Re: Who Prints Hard Currency For Nigeria
« #1 on: September 18, 2009, 10:34 AM »

Me. . . .  Cool
bigmodo (m)
Re: Who Prints Hard Currency For Nigeria
« #2 on: September 18, 2009, 10:50 AM »

Quote from: MrCrackles on September 18, 2009, 10:34 AM
Me. . . .  Cool

you need to see a psychotherapist before your problem gets out of hand.
nbem2008
Re: Who Prints Hard Currency For Nigeria
« #3 on: September 21, 2009, 12:26 PM »

Quote from: ifihearam on September 18, 2009, 10:34 AM
This question came to mind after an interactive section on AIT on the popular programme Focus Nigeria anchored by Gbenga Aruleba where they focused on the rights of printing currency as to the CBN Governor and one of the discussants read out the privileges of the CBN Governor where he has the Right to print "currency"subject to the approval of the National Assembly but he went ahead to print currency over the palaver in the banking sector and in an interview he told the whol world that he has the right to print currency and give it to any one he pleases.That is not the issue here but i want to know if printing of currency refers to only Nigeria or foreign currency like US dollars and British Pounds because that gave rise to a huge argument in my house that day,some said the term currency includes other currencies but i objected,they butressed their points by saying how could the United States or Britain circulate their currency in all countries in the world if those countries dont have the right to print them.

If any one has any idea on this please discuss and lets clear the air


How many bottles of 'shine shine bobo' were lying empty in your house before you guys embarked on this argument?
Seun (m)
Re: Who Prints Hard Currency For Nigeria
« #4 on: September 21, 2009, 12:46 PM »

The CBN can only print Nigerian currency. 
Otherwise, we wouldn't need to sell oil. 
We'd just print dollars all year long!
1forall (m)
Re: Who Prints Hard Currency For Nigeria
« #5 on: September 22, 2009, 04:28 PM »

lwkmd! Smiley   Grin
1forall (m)
Re: Who Prints Hard Currency For Nigeria
« #6 on: September 22, 2009, 04:31 PM »

Its soo funny!



Tempted to ask one very vital question, I'm resisting hard!
Skidoc (m)
Re: Who Prints Hard Currency For Nigeria
« #7 on: October 04, 2009, 07:08 AM »

Awarded "Most Stupid Question of the Year". Grin
no1madman (m)
Re: Who Prints Hard Currency For Nigeria
« #8 on: October 04, 2009, 11:00 AM »

u wish say na your papa dey print d m. .o. .n, e, y.
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