The distinguishing feature of the eNaira as a simultaneous medium of exchange and store of value brings more challenges than the non-conversant eye can see. The paradox here is that any commodity that stores value is subjected to appreciation and depreciation. In the event in which the economic agents expect depreciation, they will be rational as to become unwilling to hold it in order to rescue their investment.
The 2008 global financial crisis was largely blamed on the radical optimism of new classical economists, whose prescriptions allowed for the stupendous-albeit-spontaneous investment in the stock exchange and financial markets, which consequently granted unaccounted freedom to the hubris of bankers. Except for Nouriel Roubini and Robert Shiller, it has been argued that most economists did not foresee the oncoming burst. Nevertheless, when it occurred, the world came together in search of a viable solution, with the government intervention centred around the bailing out of bankrupt banks.

According to the Greek economist, Yanis Varoufakis, the bailout policy only further fuelled the irresponsibility of bankers. Instead of using the bailouts to issue loans that would get the economy going, they rather decided on deploying it to recover the assets they lost to the unfortunate crisis. Moreover, the move triggered intellectuals into profiling the new order as the era of an economic game, which was between being played by greedy bankers and a government that’s ever ready to play into their hands.

https://www.drizzleweb.com.ng/2021/10/enaira-and-its-value-proposition-by-center-for-fiscal-transparency.html

Rubbish