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Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN (22114 Views)

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Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by iiifedimma(f): 10:03am On Feb 08, 2023
Okay
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by atobs4real(m): 10:03am On Feb 08, 2023
Coolsperm:
So what happened to the huge money Tinubu stole Tru bullion van during last election
We have forgiven him.
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Toosure70: 10:03am On Feb 08, 2023
Coolsperm:
So what happened to the huge money Tinubu stole Tru bullion van during last election
now i believe some people are really not ok. See your doctor man

3 Likes

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by oladipuposadeeq(m): 10:03am On Feb 08, 2023
I believe this is what they would do eventually else country fit turn downside up if naira notes isn't pumped into the atmosphere

3 Likes

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Assassink: 10:04am On Feb 08, 2023
Hopium:
A 15 year old can solve the present crisis.

1. Sack Omiefele

2. Extend the deadline until the end of 2023. Subject to further extension.

3. Let the new and old naira notes co-exist

4. The CBN gradually replace old notes with new notes

5. After stability of supply, gradually initiate and enforce cashless policy. This is when CBN should start paying attention to the banking infrastructure.

6. Once cashless policy starts getting a solid footing, start withdrawing new notes until the CBN's supply target is met.

These should take a minimum of 3 years
Why are you guys afraid of buhari?Emiefele can't implement this policy without buhari backup.I hate cowards with passion

1 Like

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by VawulenceProMax: 10:05am On Feb 08, 2023
Never . The Tinubu can never win
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Bigchristo: 10:05am On Feb 08, 2023
sunky97:

https://www.youtube.com/watch?v=m7ZtMMMoMiI

Governor El-Rufai in this video said all the 36 state governors has agreed and proposed the use of both old and new naira notes side by side to the president and hope this will be accepted as the pains citizens are going through right now is too much.
these governors never speak up against fuel scarcity because it doesn’t affect them, criminals
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Nobody: 10:05am On Feb 08, 2023
The 36 States Governors have agreed.. , have we the citizens agreed?

The notes should only be used side by side after the elections.

5 Likes

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by VawulenceProMax: 10:06am On Feb 08, 2023
Never . The Tinubu can never win. Even if them use Unclekoboko mama do sacrifice, Tinubu can never win
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Thebigheart: 10:06am On Feb 08, 2023
Capital N

You can never hear speak about the insecurity.
You can never hear them speaks about kidnapping.

Till today, they have not uncover the syndicate stealing our oil.

Before now, there are other harsh economic policies by this administration melted at the citizens, never you will hear their voice because It's not affecting them.
BOOM, another one come, it's affect everybody, most especially their vote buying will be neutralize to some extent.
They are complaining.

Abeg, leave the policy we like am like that.

Criminals Governor's

1 Like

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Goodlady(f): 10:06am On Feb 08, 2023
PrinceOfLagos:
Ok but that will be after election
Cos you believe it ll favour Tinubu. But it's your mom n kins that are suffering cashless now. Take politics aside and talk like someone that has love in the heart

6 Likes 2 Shares

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by teemy(m): 10:06am On Feb 08, 2023
Most of the legit old notes are already in. Only those with illegal money are scared of putting it into the banking sphere.

The focus now is distribution of the new notes. If not for sabotage, I see no reason why the CBN that can provide election materials in one single day all over the country can't make new notes circulate all over the country on a routine basis.

2 Likes 1 Share

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by paskal16: 10:07am On Feb 08, 2023
Thiefnubuu druggies dn invade this thread
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by lexy2014: 10:07am On Feb 08, 2023
Coolsperm:
So what happened to the huge money Tinubu stole Tru bullion van during last election

If Tinubu stole "huge money Tinubu stole Tru bullion van during last election", why did this present govt under buhari not arrest and prosecute him?
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by HardMirror(m): 10:07am On Feb 08, 2023
See, let us forget politics. El rufai is making sense here. The best way to change the notes is for the bank to collect them and not return the old notes into circulation. Let us continue to use the notes, but once it enters the bank, it should not be returned to circulation. Simple

4 Likes

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Bhol28: 10:07am On Feb 08, 2023
Ttalk:
That's the only option for now
And that is how it is done throughout the world.Even advanced countries with solid cashless economy leave both currencies till the old ones are fully retrieved.

1 Like

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by factcheckmmm: 10:08am On Feb 08, 2023
PrinceOfLagos:
Ok but that will be after election

My dear don't be soft in life, please edit that post. There is a purpose for everything.

Calm down

If you pen your logic to be accepted

Tinubu will win this election and there is nothing you can do about it, except God infinite mercy.

As an obidient don't pen such opinion down.

Conceal ..

Election is February 25
For now the people will be afraid of accepting money to sell their vote
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by lexy2014: 10:08am On Feb 08, 2023
teemy:
Most of the legit old notes are already in. Only those with illegal money are scared of putting it into the banking sphere.

The focus now is distribution of the new notes. If not for sabotage, I see no reason why the CBN that can provide election materials in one single day all over the country can't make new notes circulate all over the country on a routine basis.

Which sabotage is preventing the distribution of new notes? How much new notes were printed?
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by EnterpriseMan: 10:08am On Feb 08, 2023
Hopium:
A 15 year old can solve the present crisis.

1. Sack Omiefele

2. Extend the deadline until the end of 2023. Subject to further extension.

3. Let the new and old naira notes co-exist

4. The CBN gradually replace old notes with new notes

5. After stability of supply, gradually initiate and enforce cashless policy. This is when CBN should start paying attention to the banking infrastructure.

6. Once cashless policy starts getting a solid footing, start withdrawing new notes until the CBN's supply target is met.

These should take a minimum of 3 years

Everything you said made 0 sense. If you have no clue why the New notes were created, then simply research that first before providing a solution to nothing. Who is Omiefele btw? A yoruba rapper? grin grin

4 Likes

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by victorVIC1(m): 10:09am On Feb 08, 2023
Brendaniel:
Then the purpose has been defeated...

Poor planning led us to this point. Changing currency is a very sensitive project that should have been properly planned in advance and then implemented in phases. It's the common man that is suffering here. Our politicians are not the ones standing in queues for hours trying to get cash. They know how to beat the system.

3 Likes

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by toogbasky(m): 10:09am On Feb 08, 2023
APC wise elders, suffering and smiling
yarimo:
Labour party supporters are kids with poor knowledge of education
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Enddy50ty(m): 10:09am On Feb 08, 2023
No going back on the new Naira notes policy.
All the money πŸ’° wey una stack for warehouse don burn πŸ˜­πŸ˜­πŸ˜­πŸ˜†πŸ˜†πŸ˜†πŸ˜‚πŸ˜‚

2 Likes

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by gfelo(m): 10:10am On Feb 08, 2023
what difference will it make if old note is still valid after election, except na citizen wey no get sense go sell his vote
PrinceOfLagos:
Ok but that will be after election
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by highsurge: 10:10am On Feb 08, 2023
No way! We are ok with the arrival of the new currency era!
See sudden love and concern shown the masses! Na wash!

1 Like

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by lexy2014: 10:10am On Feb 08, 2023
HardMirror:
See, let us forget politics. El rufai is making sense here. The best way to change the notes is for the bank to collect them and not return the old notes into circulation. Why are banks still goving old notes?

Because they don't have new notes. Even the old notes are now scarce. I doubt if you will see any bank paying old notes
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by ITbomb(m): 10:11am On Feb 08, 2023
Sorry to say this, but I think you were not born when we were taught history.

Naira redesign has been happening like more than 4 times since the introduction of Naira. In recent times, Obasanjo did it and even introduced higher denominations , Jonathan did it also.
All previous swaps took less than 3 months and was barely noticed.

It is not rocket science that should take 3 years.

Problem here is that the timing was wrong, it has always been a big risk to make a major policy decision in a political year because saboteurs will attempt to useless it

If this redesign was done in June, within a month, all notes would have been in circulation without any upheaval

Hopium:
A 15 year old can solve the present crisis.

1. Sack Omiefele

2. Extend the deadline until the end of 2023. Subject to further extension.

3. Let the new and old naira notes co-exist

4. The CBN gradually replace old notes with new notes

5. After stability of supply, gradually initiate and enforce cashless policy. This is when CBN should start paying attention to the banking infrastructure.

6. Once cashless policy starts getting a solid footing, start withdrawing new notes until the CBN's supply target is met.

These should take a minimum of 3 years

2 Likes

Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by Alawode01(m): 10:11am On Feb 08, 2023
Current CBN governor has violate the customers and Bank relation agreement.
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by stallionng: 10:11am On Feb 08, 2023
We no free,we no gree
That will kill and make nonsense of the objectives and gains of the new notes .
They are only after the cash they stashed away in wharehouses to buy votes and and conceal their loots
No extension Mr governor.
Put in motion great resources to circulate the new currencies, considering the cashless policy.
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by lexy2014: 10:11am On Feb 08, 2023
Enddy50ty:
No going back on the new Naira notes policy.
All the money πŸ’° wey una stack for warehouse don burn πŸ˜­πŸ˜­πŸ˜­πŸ˜†πŸ˜†πŸ˜†πŸ˜‚πŸ˜‚

Do you have the new note to spend?
Re: Let The New And Old Naira Notes Be In Use Side By Side - Governors To CBN by fridayking(m): 10:11am On Feb 08, 2023
The way this man take Naira redesign matter for him head...

Hmmmm, show vote buying has being their key tools to rigging election...

The insecurity issue in his state is not his headache...

If APC wins... Christian are done with, Nigerians are set for another ride for democratic dictatorship...

1 Like

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