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Nairaland Forum / Nairaland / General / Politics / Currency Redesign: To Extend The Deadline Will Defeat The Aim (25336 Views)
Currency Redesign: Godwin Emefiele Address The Diplomatic Community / Naira Redesign To Curb Vote Buying: Emefiele Is A Godsent - Murray-bruce / Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing (2) (3) (4)
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Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by saysoo: 11:53am On Jan 29, 2023 |
gfelo:After election more notes will be released. 1 Like |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by Tektronics12: 11:55am On Jan 29, 2023 |
Ridiculous what you Saying. What about People abroad that have Naira notes to deposit. We still Looking for People traveling back to Nigeria. Honestly, We act Like Uncivilized People in Nigeria with no Reasoning. United Kingdom Changed their Notes Last year but you can Still Deposit Old Notes in the Bank without any Problem a Year Later. Current CBN Governor Should Never Hold a Financial Position again because Everything is Politicized. kingsways: 1 Like |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by okoroemeka(m): 11:57am On Jan 29, 2023 |
GENES11S:my brother Nigeria is far from developed country 1 Like |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by ElectGINeer(m): 12:01pm On Jan 29, 2023 |
Felabrity:They already extend the deadline |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by Emmah123: 12:03pm On Jan 29, 2023 |
babyfaceafrica: Old 100naira and 50naira notes are still very much available for smaller transactions 1 Like |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by Nobody: 12:06pm On Jan 29, 2023 |
Naive reasoning, who is really hurt by this crazy idea to redesign a nations currency and distribute in less than 90 days to a population of over 250 million person? They can't distribute PVCs in 1 year, its currency that's used by everybody that they want to distribute in 3 months. I suppose you think this policy will eliminate all forms of curruption in Nigeria come Jan 31st. Our CBN governor Emefailure is better than the one in the Uk and US who use 2 years to implement their currency change. Then you must be a genius in stupidity. 3 Likes |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by Emaprince: 12:13pm On Jan 29, 2023 |
Only a fool will think that this new policy is affecting the political big wigs. These people already has the new notes stashed away in their homes. This money can be delivered to them in their homes. They have influential people in top financial institutions..so its easy for them to get what they desire. Emefiele himself knows this. He is also as currupt as the people you think he is fighting. The common men clapping and rejoicing thinking the policy is to stifle tinibus chances need their brains checked. Tomorrow, all of you will be hear crying because your business and general life is adversely affected while tinubu will be somewhere enjoying and spending the new notes as he likes. Una MUMU too much. SMH 1 Like |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by omonnakoda: 12:16pm On Jan 29, 2023 |
Felabrity:many of you reason like mobs So a policy that was announced 2 months ago has not given those with means enough time? How exactly is this supposed to hurt corrupt politicians? You parrot this nonsense without thinking Break it down.....How does this affect corrupt politicians? Did the policy stop them buying dollars for 2months? So there are no corrupt bankers? You mentioned Buhari? Who was the beneficiary of Bullion van 2019?? Was it dollars or Naira deployed at APC primaries? Any one with corrupt cash e.g 10 billion will find a banker or bureau de change willing to clean it in Nigeria unless it is not the Nigeria we all know 1 Like |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by JOLLOFman(m): 12:19pm On Jan 29, 2023 |
Leave these guys alone, the CBN policy is on the move. No stopping it by God's grace! Nigerians are innately corrupt. The CBN cashless policy does not disable it individuals from holding cash just a limited cash o. I wonder what an average Nigerian needs physical cash of more than 20,000naira for in a day! Emmah123: |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by yemi1504: 12:20pm On Jan 29, 2023 |
VillagePipu: Abi o |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by omonnakoda: 12:22pm On Jan 29, 2023 |
Emmah123:not relevant There is a limit to withdrawal in cash whether 50 or 1000 note which means that the supply of notes is restricted |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by Agadinaagwuofe: 12:23pm On Jan 29, 2023 |
Eriokanmi: I can categorically tell you that no politician in Nigeria right now has enough of the new money. You are absolutely correct, the money sent to banks to disseminate are controlled so there's no way any banker or even manager can avail more than what they have in their vault besides with ATM mandates(all ATM should dispense the new cash) it will be difficult for any politician to get what he needed let alone having more for election. The policy isn't friendly but if this is what it will take to have free and fair election without cash inducement it isn't too much of a price to pay. 1 Like |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by Emaprince: 12:23pm On Jan 29, 2023 |
Emmah123:So it is enough to handle all your business dealings for the day? Yesterday, some one made a transfer of 20k to me..and network failure brought everything to a halt cos the money refused to drop for over 2hrs. He left and said he will be back on Monday. The money dropped after like 4hrs. I hope you will be happy if you find yourself in this kind of situation where you will have to abandon an urgent business/deal due to our unstable bank networks. All of you should keep yapping nonsense and celebrating thinking tinubu and the big men are affected.. not knowing you are cheering on as they are digging you deeper into hardship. Naive people. 1 Like |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by membranus: 12:30pm On Jan 29, 2023 |
http:///29cdfb85230129en_ng?link=1&client=news https://punchng.com/breaking-cbn-extends-old-naira-deadline-till-february-10/ Now extended for another 10 days, and more days thereafter. Emefiele and Buhari have disappointed you again. What will you do about this? 1 Like |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by JOLLOFman(m): 12:33pm On Jan 29, 2023 |
omonnakoda:it's not always the Nigeria you know, Bros. Good things can happen in this country but unfortunately we have corrupt minds as citizens. You guys can't be blamed though. Nigerians have been plagued with unceasing corrupt practices by the political elites. However, rid yourself of negativity and embrace hope. The new CBN policy as a whole will work positively for the country if supported. The fiscal laws recently enacted in furtherance of the touted cashless policy are tactful enough to keep banks on check! The CBN is doing what they are constitutionally empowered to do: checkmate the commercial banks. Follow the various measures laid bare by the CBN to retrieve the old currency in circulation, you'll see it's not business as usual for corrupt bank practices. The new notes were limited by the CBN, tactically. They want the old notes in exchange for little new notes. Nigerians should e-transact the difference. The poor and average Nigerians have nothing to lose. The 20000naira physical cash withdrawal limit will MORE THAN suffice for most of us in a day. |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by omonnakoda: 12:35pm On Jan 29, 2023 |
JOLLOFman:what is your point in summary? |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by Salubata(m): 12:37pm On Jan 29, 2023 |
Now that we don't have it in abundance, we should continue to suffer? Thanks to God, it was extended |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by JOLLOFman(m): 12:37pm On Jan 29, 2023 |
omonnakoda:In summary, reason positively and you won't see barricades always. |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by omonnakoda: 12:38pm On Jan 29, 2023 |
Agadinaagwuofe:Nigeria is a very dollarized economy and so not having new notes will not change anything if you have dollars Dollars are even better for corruption because of size/volume If I was a politician planning to buy votes I would not have been holding naira by now Dollars are easier to manage |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by JOLLOFman(m): 12:38pm On Jan 29, 2023 |
Salubata:Give us the source of your breaking news sir. When was it extended? |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by omonnakoda: 12:40pm On Jan 29, 2023 |
JOLLOFman:Define reason positively? Guy I really do not have interest in motivational speech today Go and sell that elsewhere |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by JOLLOFman(m): 12:43pm On Jan 29, 2023 |
omonnakoda:How is dollars better for corruption within the newly established laws of the CBN?Explain |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by kernniejay(m): 12:45pm On Jan 29, 2023 |
babyfaceafrica:You can use N20, N50 and N100 notes. |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by JOLLOFman(m): 12:46pm On Jan 29, 2023 |
omonnakoda:There is nothing to sell bro. It's a perception. Nigeria have good people with good policies at the helms of affairs right now but that too is a perception! I can't help hopeless Nigerians much. |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by omonnakoda: 12:48pm On Jan 29, 2023 |
JOLLOFman:So why are YOU telling ME this? Why should I be interested in your opinion? |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by omonnakoda: 12:50pm On Jan 29, 2023 |
JOLLOFman:Who are you and why should I explain anything to you? Was I talking to you? |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by JOLLOFman(m): 12:51pm On Jan 29, 2023 |
omonnakoda:Your statement " .... Unless it is not the Nigeria we all know" prompted my reply. The CBN policy is hope, embrace it. |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by omonnakoda: 12:53pm On Jan 29, 2023 |
JOLLOFman:That is how I see it and you won't charge that |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by JOLLOFman(m): 12:55pm On Jan 29, 2023 |
omonnakoda:I believe we have thousands of eyes on this forum at every single moment. If you lack the depth to be able to answer a question in a PUBLIC forum, then you shouldn't throw tantrums either. My question was not disrespectful. |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by omonnakoda: 1:04pm On Jan 29, 2023 |
JOLLOFman:So I am obliged to engage with YOU? Yes there are thousands of idiots on public forums including this one. I still retain a right to choose who to engage with I choose not to engage with YOU accept that gracefully and move on |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by JOLLOFman(m): 1:10pm On Jan 29, 2023 |
omonnakoda:Neither am I bro, u are simply rude with little knowledge. My initial question was not disrespectful but u chose to drop unwise statements. |
Re: Currency Redesign: To Extend The Deadline Will Defeat The Aim by yemex04(m): 1:30pm On Jan 29, 2023 |
NotKnown: Forget that it will affect politicians & vote buying jare.. We all know that rather than the politicians not having the required new naira notes cash, it is the general populace that won't because these Politicians can afford to have Bank Managers ship the cash to their homes. |
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