Emefiele is the most confused Cbn governor.

And about 500 billion naira will be spent therewith.. I ask, what will be the fate of those with savings at home?

Wahala for bandit money

This is a good development!
If the deadline for scrapping the old notes falls in the time of election, politicians who have stashed cash in different warehouses to bribe voters may not easily get cash.
I believe a policy will be in place for whoever is changing so much notes to be refused or profiled.
This also happened in Kenya just before the last election.
This could be an attempt to discourage vote buying during election period.
I see it as another attempt to discourage ransom payment with the digitization policy.

If you should hear the amount they use in doing this rubbish another looting in disguise

Wapgod:
Is this what Nigeria needs right now?

Abi o my brother!
The governor is just too clueless.

Redesigning Naira cannot help the problem at hand because they are many way to safe or hoard money now (even cryptocurrency).

What will benefit everyone and help the value of naira now is to shrink it.

Romanoff:
With the inflation and high cost of living, is this what we need now?

Them dey redesign cloth wey done weak?

We still have to commend them for this..

You won't know some people pile up cash at home or else where except bank.

This is a chess game targeted at them majorly politicians and BDC guys as election is coming closer.

My issue is when they don't put sanctions or deadline on time.

Kasssandra:


CBN is not in charge of economic policy.

Monetary policy, yes, but only as a reaction to what Buhari and his finance and planning folk do....and what the oyel price says.

Plus, we don't change our currency that frequently. The last change we had was in 2013, and even then for the N100 note.

I hope you are not suggesting that anyone asked CBN to change the currency. Because everything related to currency is the CBN and its printing affiliate the Nigeria Security Printing and Minting.

Wapgod:
Is this what Nigeria needs right now?

Billions have passed away by now... The new president will suffer. Nigerians will hate the incoming president after one year in office. They will think he has collapsed Nigeria.

NaughtyBrainiac:


I am not like some people that parade a presidential aspirant as Saint

That's because compared to the thief and drug dealer you are supporting he's actually more than a Saint!

Understand now?

It's to return the Arabic writings on N100 notes that Jonathan removed during the centenary anniversary.
Buhari wants to do his moslem Fulani One last favour

chisomkachy:


https://www.thecable.ng/breakingcbn-redesigns-new-naira-notes/amp

Another money wasting venture....or should I say another money stealing concept....
To think that those three denominations affected are our best currency notes as far as texture and designs are concerned is the annoying part for me.....
Hmmmm....It is well with Nigeria!

Wapgod:
Is this what Nigeria needs right now?

Another major cash out

Misplaced priority. Smh

I have a strong feeling this CBN guy is a very corrupt man, at a time like this when the economy is nose diving this what he has to offer Nigerians

BreconHills:


I hope you are not suggesting that anyone asked CBN to change the currency. Because everything related to currency is the CBN and its printing affiliate the Nigeria Security Printing and Minting.

Well, if they want to change currency, they are free to do so...it does not bother me one bit.(I have lived through several changes...)

But if we want a better value for the naira, we have to do things that are way beyond the remit of the CBN governor.

Nawa o

No vision

Good move if I must say.
Those houses at kubwa, galadima et al., With no one living in them but built to store cash. It is time for their 'thief' owners to count their losses.

Antoeni:
Breaking News: CBN concludes plans to change the design and colours of N200, N500, and N1,000 naira notes. These would now have the portraits of Sultan of Sokoto, Tinubu, and Mohammadu Buhari.


Details later...

Mr or Mrs are u sure wat u are saying,if it true that mean diz government and CBN governors must be crazy.

These people like activities o!!

Which kind CORNTREE be this nah

chisomkachy:


https://www.thecable.ng/breakingcbn-redesigns-new-naira-notes/amp

chisomkachy:


https://www.thecable.ng/breakingcbn-redesigns-new-naira-notes/amp

Blockhead...... Another avenue to mop the remaining treasury.

Romanoff:
With the inflation and high cost of living, is this what we need now?

Them dey redesign cloth wey done weak?

But una go school na…Redesigning the note will help recall all old notes, curb counterfeits and re-established the amount in circulation apart from the aesthetic values and other added security features… no be everything una go just open una mouth waaaa.

PUMPIN11:

Another money wasting venture....or should I say another money stealing concept....
To think that those three denominations affected are our best currency notes as far as texture and designs are concerned is the annoying part for me.....
Hmmmm....It is well with Nigeria!

They will actually save money because not all the currency in circulation will be exchanged and they can have a tighter control of the Naira In circulation to help stem inflation .

chisomkachy:


https://www.thecable.ng/breakingcbn-redesigns-new-naira-notes/amp

They better print this new one with one colour. So that money for colors in the old one will be used to solve other problems.

Mynd44:

This is distressing to those who have stashed up large amounts in cash as they will be faced with the trouble of replacing the cash.

CBN and thieves playing chess

So who wants to stash cash will be using Naira? That’s a very dull move, stash your money in Dollars even if they bring new notes the old one will be circulated for period of time before they finally scrap it

elimsun:
Misplaced priorities

you get the point bro
it cost alot of money printing on those papers
making it even more worthless
with this news
800/1$ is inevitable

johnydon22:
Why?

According to him, bulk of the currencies are outside the bank. i.e people are keeping billions of money at home rather than in the bank, which in turn is making it hard to financial flows in the country and hence affecting economic activities.

Also when money isn't circulating because some people are keeping billions of cash in their apartments, it makes it hard for the CBN to know precisely how much of the currencies is in supply. And this makes it hard to them to make economic decisions.

They want put Buhari pic inside naira note make it fall very well.

Romanoff:
With the inflation and high cost of living, is this what we need now?
Them dey redesign cloth wey done weak?

It is a means to loot Nigeria.
Do you know how much they will later claim to have invested in this exercise?

APC know something that we don't know. But then, nobody has the monopoly of knowledge.