EMEFELIE is in book of NIGERIA history as d most USELESS CBN governor of his time/ BUHARI beside.

Mumu CBN..no explanation can redeem your foolishness

I stopped taking Godwin Emefiele seriously as a financial expert since he attributed the Dollar to Naira exchange rate hike to AbokiFX currency updates
The clueless man shouldn't even be handling bursary in a school talk more of governing the country's financial institutions.

Sermwell:

...and Buhari is smart and intelligent

He's complicit to Emefiele's idiotic display.

My people say that if u don't know where u are going to, u will know where u are coming from.

My Nigerians aren't visionary people when it comes to helping solve Naija's problems, seems they appear to be visionary if they have something to gain ( in kind or in cash).. I wonder the cost of destroying old Naira notes and printing new notes?.... No how that someone will manage CBN and retire poor, but biko pity the poor masses. Though the scarcity of raw cash has reduced the incidence of kidnapping: Nigeria's peculiar situation sometimes calls for out of the box thinking to bring solutions....I'm not even sure we are even printing our own money ourselves with all our oil money( international passport, same thing): We should try and get somethings right( basically). E be like say we are taking God's blessings( oil) on our country for granted and not planning ahead..... That is where a Nigerian with akagum hand would have been better: a street wise economist

I support that guy in the redomination of our currency instead of trying to 'help' save cost of printing and go the way of higher denomination per note. We can scrap all polymer type of notes and make all paper if it costs a bit more/ more but still retain our N10,20,50.... Higher denominations devalue money, coins make u spend more for less and also devalues money because if someone gives u N100 note or 100cfa coin, u know the one to keep safely in your bag than rushing to buy sweets with it.

A gain with redenomination is on exchange rate with other currencies even if it is only a perceptionary one.

All the control and limitation of Naira has not made things cheaper or favored our exchange rate

Birdbyrde440:


Nigeria has the strongest economy in Africa, it will be a shame us to have N2000, N5000 and N10,000 notes.

The problem with ghana was that their economy could not maintain the revaluation peg, slowly it went from $1=1GHC to $1=5GHC... same goes for India.

When you revalue you must force citizens to make lifestyle changes and reduce importation, improve effiency of tax collection, reduce fossil fuel dependency, regulate the informal sector and with technology alot can be achieved.

it is long overdue to have N2000 and N5000 notes, you cannot stop it, with the freefall of the naira against dollar.....

brother you are a spectator in the affairs of this country, know this and know peace

Emmizay12:



it is long overdue to have N2000 and N5000 notes, you cannot stop it, with the freefall of the naira against dollar.....

brother you are a spectator in the affairs of this country, know this and know peace

So you deny that redenomination or demonitization will not offer a soft landing and atleast a few more years to change and get things right? You deny this?

CBN don carry us Handicap

Who they carry money go bank again both new and old nobody

Successlane:
If Emefiele were to be a Northerner and a Muslim............

With this heavily flopped naira swap policy

Guess what the backlash would have been on social media

Lol

LeoDeKing:
Emefiele never intended changing currency. That explains why the new notes were not printed together currency demand.

All his plan was to punish Tinubu while unintelligent ipob terrorists cheered him up. It could be recalled that Atiku, pandora Obituary and ipob terrorists were all hailing Buhari and Emefiele at the peak of currency scarcity.

But immediately after election when the scarcity was still biting despite punishing Tinubu, same ipob terrorists quickly turned around to start blaming Tinubu who was to be punished. Their reason being that it was APC policy. I kept wondering if Buhari and Apc were in Labour party when they came up with the policy while the unintelligent ipob terrorists cheer them up.

Do you want to focus on your country or focus on IPOB?
Stop looking at IPOB nyash

You know December will soon come. That is when all the old notes will cease to be legal tender. So people are stocking the new notes to mitigate uncertainties over the old or new naira notes.”

Rubbish talk.
Abeg make may 29 do reach quick make jagaban enter come cancel this yeye policy

Birdbyrde440:



Demonitisation is the way to go.
Declare the old and new N1000, N500 notes as illegal.

Revalue by removing one zero so that
N1000 becomes equivalent to N100
N500 = N50
N200= N20
N100=N10
N50= N5
N20=N2
N10= N1
N5= 50 kobo

Any outside this will lead to economic suicide, hyperinflation.

demonitisation is not the way to go bro.....that will lead to super hyper inflation. study Ghana demonitisation and check if their currency improves after removing zeros from their cedis after a decade. bro it all back fire.

Japan has not thought of demonitisation of currency till this day but they take advantage of their international trade to improve their currency. Nigeria has the biggest GDP than ghana so why should we demonitize our Naira?

just2endowed:


demonitisation is not the way to go bro.....that will lead to super hyper inflation. study Ghana demonitisation and check if their currency improves after removing zeros from their cedis after a decade. bro it all back fire.

Japan has not thought of demonitisation of currency till this day but they take advantage of their international trade to improve their currency. Nigeria has the biggest GDP than ghana so why should we demonitize our Naira?

Ghana redenominated bybremoving z3ros but they didnt change their way of life. Nigeria has a strong informal sector that can weather the strongest of storms.

We must forsake pizza and eat more cassava, garri, ewa

Birdbyrde440:


Ghana removed z3ros but didnt change their way of life.

thats the thing, ghana are just postponing the suffering awaiting them. it does not improve the value of the cedis

economania:
The CBN is planning of removing the NEW NAIRA NOTE from circulation by continuing with our old ones.

That is a strategy for those that are hoarding the notes, think twice.

How will Cbn achieve that when citizens are not depositing both new and old note back to the bank. Only withdrawal

just2endowed:


thats the thing, ghana are just postponing the suffering awaiting them. it does not improve the value of the cedis

We can redenominate and change our life style.

Eat more of cassava, garri, ewa
Drive innoson
Revive textile industry
Improve the dignity of man

We can archieve thesevby technology

Birdbyrde440:


So you deny that redenomination or demonitization will not offer a soft landing and atleast a few more years to change and get things right? You deny this?

inflation or hyperinflation is not reduced by removing one or two zeros from a currency, it's far more complex...

brother no deceive yourself, things are good right now, in a year or two naira will exchange for over N1,000 per $1...... I remember the last few years when 1$ was N150 , people were shouting that the country is gone, but here we are today,

TOPCRUISE:
Some POS operators have the new notes. And sell it at higher price.

Is it not funny how unintelligent some Nigerians can be, hoarding notes that look more or less like fake... dyed old naira notes... the old notes are way far more better than the new ones... the way some Nigerians think ehn..

The CBN governor should be arrested and jailed. If u give out new notes to bank they will surely release the new notes. So where did the banks get the old notes from? My mama village I guess. Na god go punish una. Make.una dey deceive una sef.

That new notes are so Inferior. I don't even like the new notes chai.

ecolime:
Emefiele must not go unpunished.


President, Bank Customers Association of Nigeria (BCAN), Dr. Uju Ogubunka, said it was very worrisome that the new notes are not available to the ordinary people on the streets.

BTW, when was this Bank customers association formed? Nigerians and associations sha.. So funny

the thing funny. Bank customers get association. Them dey get meeting ni?

This is utter garbage. First, 20k weekly withdrawal limit is utter nonsense. How far will that get you in Nigeria? Return to the glorious day. If it ain't broke, don't fix.

The truth is simple: the CBN simply isn't supplying enough new notes into the system. If it did, trust me, the banks would be dishing out the new notes. The banks simply dish out what they have.

The withdrawal limit needs to go back to the past. Higher denomination notes are needed like the N2,000 and N5,000 notes

TemplarLandry:
Anti-Tinubu strategy gone wrong.
Mr. Emefielior, you jam rock!

Stop spreading this mumu lie all of them are in connivance to suffer the ordinary citizens and make them accept any nonsense being dished out.

Islie:
• Consumers, businesses groan over elusive notes

• Advocate calls for higher value banknotes



https://thenationonlineng.net/why-new-naira-notes-are-scarce-cbn-sources/

Both CBN & the banks are economic with the truth ,how and why did the new notes get to the hands of those selling monies in social gatherings?
There is no effective monitoring of distribution of the new notes .

But immediately after election when the scarcity was still biting despite punishing Tinubu, same ipob terrorists quickly turned around to start blaming Tinubu who was to be punished. Their reason being that it was APC policy. I kept wondering if Buhari and Apc were in Labour party when they came up with the policy while the unintelligent ipob terrorists cheer them up.[why must you talk Ipob all the time so Peter Obi is no more a Nationalist ;]

Birdbyrde440:



Demonitisation is the way to go.
Declare the old and new N1000, N500 notes as illegal.

Revalue by removing one zero so that
N1000 becomes equivalent to N100
N500 = N50
N200= N20
N100=N10
N50= N5
N20=N2
N10= N1
N5= 50 kobo

Any outside this will lead to economic suicide, hyperinflation.

That your proposal was done in Ghana and it failed woefully. Today Ghana's cedis are in a mess.
Soludo wanted to try it here, thank God that well meaning Nigerians stopped him
We don't need it here.

Birdbyrde440:



Demonitisation is the way to go.
Declare the old and new N1000, N500 notes as illegal.

Revalue by removing one zero so that
N1000 becomes equivalent to N100
N500 = N50
N200= N20
N100=N10
N50= N5
N20=N2
N10= N1
N5= 50 kobo

Any outside this will lead to economic suicide, hyperinflation.

Exactly, it would make people accept transfer, instead of carrying plenty cash around; thus, improving the economy and checkmating insecurities and corruption. But Emefiele and the man in aso rock no get sense

Bahamas95:
I don't have time to read that trash up there, this Emefailure is a disaster.

He convinced or confused baba to introduce new notes with the intention of indirectly helping his brother win the presidential election. The thing didn't go as planned but shame don't wanna allow him go back to "default settings".

Learn to read so that your argument will make sense

EmeraldEmperor:


But immediately after election when the scarcity was still biting despite punishing Tinubu, same ipob terrorists quickly turned around to start blaming Tinubu who was to be punished. Their reason being that it was APC policy. I kept wondering if Buhari and Apc were in Labour party when they came up with the policy while the unintelligent ipob terrorists cheer them up.[why must you talk Ipob all the time so Peter Obi is no more a Nationalist ;]

LOLS alot of you will have TH over ipob

jude33084:


Learn to read so that your argument will make sense

Lol, whenever I hear the name "Emefiele" or "CBN" what comes to my mind is this annoying cash scarcity.....Till now ATMs in my area have not started dispensing cash.


How long are we going to continue with this rubbish? I don't have time to read any epistle from CBN or Emefailure, I need cash.

make we dey see our transfer steady !!!