I read a post of someone talking about redenominating our naira. I decided to do a search and discoverd that Ghana redenominated their currency. I also learnt that a former Cbn governor wanted to implement something like that.

I am not a financial expert in any way. But I have a question for all who know about money and finance.

Can this redenomination help our currency naira in anyway?

I am just to pained seeing our naira fall almost on a weekly basis.

If you feel it will work , give your reasons.
if you feel it will not work, I would appreciate your reasons too

Cheers to you all

dalemat:
I read a post of someone talking about redenominating our naira. I decided to do a search and discoverd that Ghana redenominated their currency. I also learnt that a former Cbn governor wanted to implement something like that.

I am not a financial expert in any way. But I have a question for all who know about money and finance.

Can this redenomination help our currency naira in anyway?

I am just to pained seeing our naira fall almost on a weekly basis.

If you feel it will work , give your reasons.
if you feel it will not work, I would appreciate your reasons too

Cheers to you all

op,experience is the best teacher.