Mubby4luv:
You are playing with politicians.

Earthquakes:
People don't have food to eat but you are wasting money to print new currency instead of creating jobs.
I know it's just a way to steal money through printing contract.

By the way, I still have upto 30k with me here in abroad, the one I share remain beggars they employed as staff at the airport, what will I now do??
Was hoping I would use it to get a taxi anytime am coming back to Nigeria

Promoter2:
This is no where close to the major financial issues this country is facing today. Why is Emefiele still CBN Governor?

I weep for Nigeria.

Shoodboi:


In other words, the plan is to force people to deposit money they're keeping at home in the banks. I suspect they're doing this to strengthen the banks, the naira, or to do something about the ongoing inflation. But what do I know? The economists are the experts here. So Narialand economists, over to you.

emorse:

You mean Nairaland "crack skull" economists?

etcme:
Please ooooo, I am not an Economics but I would want someone to explain to me in a layman's term the importance of this Currency Re-design in this present Nigeria that our economy is dancing skelewu.

Isn't this a misplaced priority as we have other things to tackle in the nation?

Earthquakes:
People don't have food to eat but you are wasting money to print new currency instead of creating jobs.
I know it's just a way to steal money through printing contract.

By the way, I still have upto 30k with me here in abroad, the one I share remain beggars they employed as staff at the airport, what will I now do??
Was hoping I would use it to get a taxi anytime am coming back to Nigeria

fergie001:

https://www.youtube.com/watch?v=oQVb7NRGJb8





Previous Thread:
https://www.nairaland.com/7402756/cbn-redesigns-new-naira-notes#117892566

Mubby4luv:
They are in Dollars trust me. That's one reason why we ve the Dollar problem and it won't go below the Naira because most of this politicians stock it and run private bureau de change. This so called CBN governor is the worst. Despite his failure, they couldn't remove him because he is their Dollar ATM

PlayMaker14:
Still doesn't change the fact that the Naira is completely useless to the Dollar under this moroniic administration.


“Goat na Goat, if you like wear am Gucci go London, na still Goat.”

kponkedenge:
Most people save their money in dollars now, considering the dwindling value of our Naira.

I really don't know what to make of this news, but let's see how this will impact the election, in terms of those politicians that have stashed money for vote buying and rigging.

gypsey:
What? Can someone please explain this to me in lay man's term, co's i still have some naigerian currency i used remain last time i visited naigeria in 2019. Infact, i have atleast 500k cash wiith me..


Do they mean old scruffy currencies or?.....

fergie001:

https://www.youtube.com/watch?v=oQVb7NRGJb8





Previous Thread:
https://www.nairaland.com/7402756/cbn-redesigns-new-naira-notes#117892566

Kobicove:


This is exactly the plan; they want people hoarding cash to bring it out by force and put them in banks

Shoodboi:


In other words, the plan is to force people to deposit money they're keeping at home in the banks. I suspect they're doing this to strengthen the banks, the naira, or to do something about the ongoing inflation. But what do I know? The economists are the experts here. So Narialand economists, over to you.

fergie001:

https://www.youtube.com/watch?v=oQVb7NRGJb8





Previous Thread:
https://www.nairaland.com/7402756/cbn-redesigns-new-naira-notes#117892566

Earthquakes:
People don't have food to eat but you are wasting money to print new currency instead of creating jobs.
I know it's just a way to steal money through printing contract.

By the way, I still have upto 30k with me here in abroad, the one I share remain beggars they employed as staff at the airport, what will I now do??
Was hoping I would use it to get a taxi anytime am coming back to Nigeria

etcme:
Please ooooo, I am not an Economics but I would want someone to explain to me in a layman's term the importance of this Currency Re-design in this present Nigeria that our economy is dancing skelewu.

Isn't this a misplaced priority as we have other things to tackle in the nation?

PlayMaker14:
Still doesn't change the fact that the Naira is completely useless to the Dollar under this moroniic administration.


“Goat na Goat, if you like wear am Gucci go London, na still Goat.”

mastermaestro:


He will go to jail after his tenure, I bet you.

PlayMaker14:
Still doesn't change the fact that the Naira is completely useless to the Dollar under this moroniic administration.


“Goat na Goat, if you like wear am Gucci go London, na still Goat.”

Nicerazor:
If I were to be CBN governor i will strengthen the naira by scrapping major denominations. Highest denomination will be #100 naira. This will give relevance to lower denominations like the coins too. In Uk for instance the highest denomination is £20. There £20, £10, £5 notes, £1 50p, 20p, 10 pence. The other I bought a bunch of fresh and big banana for 75p. This has really helped the Uk to make their currencies valuable. With £5 I can buy a lot of things from the store.
What can 5 naira buy today in Naija?