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Nairaland Forum / Nairaland / General / Business / 15-Year-Old ₦500 Note Currently In Circulation (Pictured) (91514 Views)
It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 / Video Of Nigerians Arriving CBN Office With Sacks Of Old ₦500 And ₦1,000 Notes / Fisayo Fosudo Redesigns The ₦500 Note Through Photoshop (2) (3) (4)
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Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by inforesource: 4:28pm On Nov 01, 2022 |
So seeing this news, I brought out all the notes in my pocket and lo and behold the longest is 2020. I can see hoarding in play. Ride on Bubu. 9 Likes |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by sonofthunder: 4:29pm On Nov 01, 2022 |
Penguin2: Fixed 1 Like |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Walllee: 4:29pm On Nov 01, 2022 |
Penguin2: Only bigger idiots makes agument with insult,so yr Tiny pea Size brain,wants to ague that politicians store dollars more than naira?,you must be slow upstairs 1 Like |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by omonnakoda: 4:32pm On Nov 01, 2022 |
inforesource:You sound like someone that pays tithes regularly |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Penguin2: 4:33pm On Nov 01, 2022 |
dettolgel: There’s something someone said… As of the time that CBN made that announcement, CBN knows how much volume of cash that each bank has. So, if all of a sudden, a bank’s cash balance skyrockets exponentially without the bank reporting those transactions, then the bank will run into trouble. The Nigerian financial system is now too digitalized for things to go the way you think. 8 Likes |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by inforesource: 4:35pm On Nov 01, 2022 |
omonnakoda: I no come understand you ooo, wetin bring tithing come here na? |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by kayevans: 4:35pm On Nov 01, 2022 |
Scribx: I rarely comment here, tho I visit this platform everyday. God bless you for this: Our minds cannot conceive how much of our Commonwealth politicians plunder per second. If most of us knew, none would campaign for any politician. They never know. 1 Like 1 Share |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Kobicove(m): 4:35pm On Nov 01, 2022 |
dettolgel: They have started doing that, if you've noticed the rate of depreciation of the Naira against the US$ has increased recently |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Tareq1105: 4:35pm On Nov 01, 2022 |
Penguin2: During 2019 election, one politician shared #10,000 each to people and the wrappers of the money still carry Oceanic Bank. 8 Likes |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by omonnakoda: 4:36pm On Nov 01, 2022 |
inforesource:Just answer then I will answer |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by godofuck231: 4:36pm On Nov 01, 2022 |
AstraDroid:yes because is was safely kept for you since 2007 |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Teenaira: 4:36pm On Nov 01, 2022 |
Zanzibar1: Not very much. Churches seems to be more than houses but miracles are quite few. May be we can reduce the number of churches. |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by aieromon(m): 4:37pm On Nov 01, 2022 |
Buddha3: https://www.federalreserve.gov/faqs/how-long-is-the-life-span-of-us-paper-money.htm $100 redesigned in 2013 $5 redesigned in 2008 $10 redesigned in 2006 $50 redesigned in 2004 $20 redesigned in 2003 https://www.uscurrency.gov/history?period=All 1 Share
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Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by godofuck231: 4:37pm On Nov 01, 2022 |
Our money is bing minted and somepeople will have the updates now |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by frankson1(m): 4:39pm On Nov 01, 2022 |
mDavenzy: The only "more" I'm thinking is, EFCC might be on the look out for those who will try to deposit certain amount of cash in the bank. 1 Like |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by socialmediaman: 4:39pm On Nov 01, 2022 |
Penguin2: Bureau de change runs multiple accounts at various banks in Nigeria and they're allowed to do exchanges of any size however they want. When they exceed the daily limit of cash allowance, they pay tax over the free daily limit. No questions asked. They're doing business Guess what? The people who are supposed to question them are the ones hiding all the money. It was stolen from public funds, they're the same people running public institutions 2 Likes |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Penguin2: 4:42pm On Nov 01, 2022 |
Tareq1105: My goodness! You can imagine 1 Like |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Tareq1105: 4:43pm On Nov 01, 2022 |
People with illicit business and politicians are the enemies of this country. Ordinary our monies supposed to be in the banks but bcoz they're fraudulent people, 80% of their money are in their homes. For those of them responsible for the devaluation of the Naira bcoz they want to save in dollars, God is watching them and He shall judge them accordingly even to the 4th generation of their family. 4 Likes |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Penguin2: 4:43pm On Nov 01, 2022 |
Daviddson: What are the two things I’m saying, lemme understand. |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Truthday: 4:44pm On Nov 01, 2022 |
Daviddson: Just keep quiet joor. Which bank will collect 1bn dollar naira equivalent from you and give you dollar in exchange ?? Abi bareau the change. Na mumu dey worry you. What's the value of all nigerian bake that they'll give you all their dollar and collect naira from you ? Abi if you're a banker with naira rising daily, you won't keep dollar? The currency change with improvrish many politicians. And it's a nice move except those who have businesses within and most importantly, outside the country 3 Likes |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Goalnaldo(m): 4:44pm On Nov 01, 2022 |
kayevans:It's not a lie, you've been here since 2013 and made just 76 posts. 2 Likes |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by iamsolasoul(f): 4:45pm On Nov 01, 2022 |
Always save sometimes with these funny pos cash is good but nobody just has lumps except bank robbers withdraw what you need and proceed. |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by omonnakoda: 4:45pm On Nov 01, 2022 |
Hoarding is not the only possible or the most logical reason If you live outside Nigeria it makes sense to have some naira so that when you arrive changing money to pay for taxi is not your immediate priority and that is useful for security |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Tareq1105: 4:45pm On Nov 01, 2022 |
frankson1: Of course but I doubt their sincerity too. |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by kay29000(m): 4:47pm On Nov 01, 2022 |
Scribx: You have said it all. |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by anyilalaz: 4:48pm On Nov 01, 2022 |
WibusJaga: Not when it stolen or illicitly gotten from kidnap victims etc |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by simplesearch: 4:49pm On Nov 01, 2022 |
This is why Buhari was voted for overwhelmingly in the first place, to clean the rot from our national life and bring the looters of our common wealth to accountability. That way, the populace would long have supported his policies in and out. Unfortunately he missed it by saying he belongs to one and pursuing parochial and divisive policies, most of which are etched in religious subterfuge and clandestine ethnic bigotry; instead of belonging to the masses. If he's determine to do some few right things before his exit in a couple of months, then may God help him. 3 Likes |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Toktee(m): 4:50pm On Nov 01, 2022 |
femisplash:will you judge shut up already if you don't have anything reasonable to say... How many anti corruption agencies or police station in Nigeria ever invited obi for questioning concerning his administration? Tinubu was docked here in Nigeria for corruption charges, he was also docked I'm the United State, true or false? Do not allow hates to ruin you bro. 1 Like |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by SmartyPants(m): 4:51pm On Nov 01, 2022 |
dettolgel: We dont have any where enough dollars to change all the hoarded naira. And contrary to what you might think EFCC is watching the Bdc guys. Today, for example, across the nation black market traders have been raided. Are you not aware? 4 Likes |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Penguin2: 4:51pm On Nov 01, 2022 |
socialmediaman: Now look at it this way… Can you count how much illicit billions of naira that is stashed in Lagos alone for instance or Kano or Kaduna? Now, this is by different people. Do you not think that the BDCs will be overwhelmed with such transactions and it’s also possible that CBN has laid siege for them because CBN knows that BDCs are likely going to be the conduit pipe for people to spend their stashed cash. 1 Like |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by Goalnaldo(m): 4:52pm On Nov 01, 2022 |
But how would someone store up cash for 15years? Why not invest it? Abi generational wealth taken too seriously? |
Re: 15-Year-Old ₦500 Note Currently In Circulation (Pictured) by aieromon(m): 4:53pm On Nov 01, 2022 |
omonnakoda: If you live outside the country and you have one million naira under your bed in Nigeria, you are a hoarder. Nothing stops you from running a Nigerian bank account with a debit card. P.S The hoarders know themselves and why they choose to keep their illicit wealth away from the eyes of the banking system. 2 Likes |
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