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Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo (20508 Views)

Torn And Dirty New Naira Notes Just 24 Hours After Release ( Photos) / 15-Year-Old ₦‎500 Note Currently In Circulation (Pictured) / 100 Naira Denomination In Circulation Are Worn Out. Who Else Has Noticed This? (2) (3) (4)

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Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by TourismMan(m): 8:05am On Mar 09, 2018
Who else is witnessing this trending circulation of torn and worn out N100 notes within the economy? When last did you see or touch a clean N100 note? How is the situation in your area? I think this act is rather frustrating because they've been so much arguments from people when either making payment for something or receiving a balance after paying for something and the transaction involves N100 note.

What you would mostly hear is, "oga or madam, abeg change this one. Nobody go gree collect me this one". Lol

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Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by ipobarecriminals: 8:47am On Mar 09, 2018
sad nah like dis d bank issue u d money?Nah bank dey squeeze. am for checking point, fold am inside bra.,trampled on it during owambe,fold it in danfo,scribe Ko ni da fun kasali,Of cus nah bank dey use scissors cut am,use diff tape am..We Niagrans are lawless

39 Likes 2 Shares

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by spicytayomic(m): 8:47am On Mar 09, 2018
It is a serious issue

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Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by three: 8:47am On Mar 09, 2018
We should ask the CBN why it isn't recalling these notes and issuing fresh ones.

What happened to the budget for printing currency?

What is the National Security Printing and Minting Company doing?

Buhari - destroyer of worlds


https://www.vanguardngr.com/2016/12/naira-scarcity-cbn-fails-to-print-small-denominations-in-1-year/

19 Likes 1 Share

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by bluegrass07: 8:47am On Mar 09, 2018
Very sad. . .however if you have any of these note in your possession and no one is willing to accept it from you. . .pls send it to the bank. . .as in pay it into your account.

9 Likes

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by kennosklint(m): 8:47am On Mar 09, 2018
Lolz.nonsense
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Nobody: 8:47am On Mar 09, 2018
For a moment I was happy I was ftc. Which network are you guys up north using
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Mazdell: 8:47am On Mar 09, 2018
I thought i was the only one seeing the trend

13 Likes

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by ayatt(m): 8:47am On Mar 09, 2018
g
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Tolbanks(f): 8:48am On Mar 09, 2018
As in ehn...

It's just too much

5 Likes

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Lomprico2: 8:48am On Mar 09, 2018
A taxi driver told me its deliberate by buhari n CBN. They seize any of the new GEJ printed 100 naira notes that enters cbn hands. They want the new note GEJ printed to fizzle out so that they can print a new set that will carry that arabic inscription. You know that that new 100 naira note is the only currency without that inscription.

66 Likes 6 Shares

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Giddymoney(m): 8:48am On Mar 09, 2018
Someone just rejected my 100naira note this morning

8 Likes

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Firmjudge(m): 8:48am On Mar 09, 2018
So true, few days back, my bikeman even ask whats going on.
Nigeria!

9 Likes

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Aldebaran(m): 8:48am On Mar 09, 2018
grin
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Nobody: 8:48am On Mar 09, 2018
It's hard to see a clean and neat N100 note these days

9 Likes

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by BabyApple(m): 8:49am On Mar 09, 2018
K
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Pavore9: 8:49am On Mar 09, 2018
It seems only battered N100 notes are in circulation!

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Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by potent5(m): 8:49am On Mar 09, 2018
I HEARD that CBN is only minting higher denominations so that it can be easy for corrupt ogas to loot. The ogas don't put looted money in banks anymore; they hide the money elsewhere.

8 Likes

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by KIDfurniture(m): 8:49am On Mar 09, 2018
I almost fought with a keke owner cos of this bad 100 bucks oh - so the banks are behind this evil - The guy pulled out juju on me , I immediately took to my heels oh - Diamond bank God will punish and fold up your hustle

3 Likes 1 Share

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by cremedelacreme: 8:50am On Mar 09, 2018
This new centenary 100 naira note is rubbish. It gets mutilated and torn easily. The old one was far better. CBN should mop up the useless centenary note and reintroduce the old one. angry

2 Likes

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by adeoba5(m): 8:50am On Mar 09, 2018
Thought I was the only one experiencing this worn out 100 naira everywhere .

9 Likes

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by tivta(m): 8:50am On Mar 09, 2018
bluegrass07:
Very sad. . .however if you have any of these note in your possession and no one is willing to accept it from you. . .pls send it to the bank. . .as in pay it into your account.

the bank wont accept it

2 Likes

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Nobody: 8:51am On Mar 09, 2018
not just 100 naira, the 50 naira too.
it seems its only the torn one that are in circulation.
CBN and Nigerian banks are just useless, you'll never get clean currency at the bank and they will never accept the torn notes as deposits.
but the useless CBN will sell these mint currencies to those guys who now resell for weddings and ceremonies...those idiots will be making profits on Nigeria's currency...the system is corrupt

14 Likes

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by habex005(m): 8:51am On Mar 09, 2018
government and it bad policies

1 Like 1 Share

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Queenext: 8:52am On Mar 09, 2018
As in ehn

Everywhere ooo

Seems they want to phase it out

1 Like

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by kimjongJezebel: 8:52am On Mar 09, 2018
I can't remember the last time I saw new N100 note. The ones with me are all badly mutilated and people have rejected them. Funny thing is, the banks too refused to collect them. What type of country is this?

When I was younger and in the village, there was a First Bank branch close to our house, periodically, I will noticed some people are employed to sort out mutilated bank notes from good ones. The mutilated ones are then sent to the CBN who will then give the bank new notes. Why are banks not doing it again and why is CBN not dealing with any useless bank that refuses to do this?

My Zambia friends recently mock me and my country when he came visiting and unfortunately was repeatedly giving mutilated bank notes esp N100 on different occasions as balance for stuffs he bought. SMH for this country

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Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Pidginwhisper: 8:53am On Mar 09, 2018
CBN no dey print 100naira again! I go buy 100naira card yesterday give dem 2H but 5 of them no get 100H change. The ones wey get don suffer stroke like these ones grin

2 Likes

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Osyxcel(m): 8:53am On Mar 09, 2018
The CBN has refused to mint new currencies of lower denominations. It's definitely a deliberate action. angry

1 Like

Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by OhiOfIhima: 8:54am On Mar 09, 2018
kimjongJezebel:
k
see, ur network has failed u. kikikikiki
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by fmlala: 8:54am On Mar 09, 2018
General problem
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Nobody: 8:54am On Mar 09, 2018
In my neighborhood the latest curse is

"my your life be like the N100 notes in circulation"
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by elyte89: 8:55am On Mar 09, 2018
All 100naira notes we av now are shaku shaku grin

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