The Central Bank of Nigeria, CBN, has said that
Nigerians should expect a new generation of naira
notes before the second quarter of 2014.
Deputy Governor, Operations, Mr Tunde Lemo, said
the apex bank had earlier announced its decision to
move the local currency from polymer back to paper,
but disclosed that all the notes in circulation would
not be withdrawn at the same time.
What do you guys think about it,drop your comments

I just hope that retard and his clonies know what they are doing.... I mean that has never helped anything,look at Zimbabwe.

[b]This is practically bad economics. Nigeria does not
need this at the interim. What the economy needs
now is proper stabilization of the growth factors-
reduction of inflation, reduction on unemployment
rate, upward improvement in average household
income through increase in minimum wage, reduction in bank rate, strong balance of payment account and
trade surplus. Printing higher denomination of
currency does not solve any economic problem.
Countries that did it ended up in a massive economic
catastrophe. Zimbabwe is a good case in point.
NIGERIA DOES NEED THIS DISRUPTIVE CLIQUE SPONSORED AGENDA. What Nigeria needs badly is to revalue Naira
and peg it to the US Dollar. This is the only miracle that
will attract the attention of investors the world over.
This will not be only a sign of progressive economic
reform but a positive signal that Nigeria has become a
fairly reliable destination for foreign direct investment. Why is Mallam Sanusi and his cohorts
taking us on this deadly rollercoaster ride? If they do
not have a clear vision of what to do to make Nigerian
economy work like every other 21st century
economy they should not be ashamed to let Nigerians
know. I believe the major reason behind this is to facilitate political horse trading and make it easier for
those that loot the public treasury to carry as much as
they could with relative ease. It will be a smooth
transition from “Ghana must go bags” to brief
cases. I now see where they are coming from.
Nigerians should not keep silent we are not in military dictatorship we are in democracy, more than that we
have a listening president. Nigerians should occupy
CBN till they do the right thing for the economy and
Nigerians. Stop this stupid economic experiment
before it hurts our economy badly.[/b]