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Nairaland Forum / Nairaland / General / Business / Is The Naira Redesign Policy Defeated? (23163 Views)
Zenith Bank Naira Redesign Policy Questions & Answers. / Naira Redesign: Bags Of Damaged Naira Notes Discovered (Video, Pictures) / Politicians With Billions In Cash Move Against Naira Redesign (2) (3) (4)
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Re: Is The Naira Redesign Policy Defeated? by ambale(m): 4:18pm On Feb 17, 2023 |
PointZerom: What these guys don't know is CBN already had them in the balls No new notes for the election and the old notes will become useless nobody wants it at this moment Even the hard ones besieged the CBN offices today ni crying for help Make Dem still dey play now |
Re: Is The Naira Redesign Policy Defeated? by CrownLands(m): 4:20pm On Feb 17, 2023 |
DEADLINE to deposit old ₦500 and ₦1000 notes is February 18th. Kindly read and digest.
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Re: Is The Naira Redesign Policy Defeated? by Goke7: 4:21pm On Feb 17, 2023 |
ModCaller: Buhari is not smart, the guys benefiting from subsidy just need to be settled by diverting their business somewhere else by giving them another opportunity to make same money via another channel. Nigeria needs an intelligent president, GEJ and Buhari are not intellectual enough |
Re: Is The Naira Redesign Policy Defeated? by CyynthiaKiss(f): 4:21pm On Feb 17, 2023 |
Aurelius1: It's ending on 22nd... |
Re: Is The Naira Redesign Policy Defeated? by MonthlySalary: 4:21pm On Feb 17, 2023 |
the redesign system was a good idea but the policy was implemented at the wrong time |
Re: Is The Naira Redesign Policy Defeated? by OvisFranko: 4:22pm On Feb 17, 2023 |
moscow007: It sound so nice on paper.How many banks are giving out money over the counter at the moment? The implementation of the policy is a failed one because it plunged Nigerians into suffering river. |
Re: Is The Naira Redesign Policy Defeated? by MonthlySalary: 4:22pm On Feb 17, 2023 |
ambale: the question sis if its worth it |
Re: Is The Naira Redesign Policy Defeated? by Siwisheswereesh: 4:22pm On Feb 17, 2023 |
Sure. Piggiiddioootts are in serious pains |
Re: Is The Naira Redesign Policy Defeated? by Gold2882: 4:22pm On Feb 17, 2023 |
Ahmed0336:Pls are they still collecting the old 500# & 1000# in your area |
Re: Is The Naira Redesign Policy Defeated? by missuzoma: 4:23pm On Feb 17, 2023 |
Key highlights from the Banker's Committee meeting held today on the Naira Redesign 1. The old 200 naira will still be legal till April 10th 2023. 2. The old 200 naira and the new 500 and new 1000 will continue to be in circulation till 10th of April 2023. 3. The old 500 and the 1000 can be deposited into commercial bank just once within the 60days extension. 4. A new App will be developed by CBN to enable customer to make the one off deposit within the extended 60 days. 5. A customer cannot make more than 500k deposit within this period and it cannot be splited. 6. Customer making above 500k will have to visit the CBN. 7. You cannot receive value for the deposit immediately because the money will go to a CBN GL. 8. You can only receive value Upon remittance and confirmation from CBN. |
Re: Is The Naira Redesign Policy Defeated? by tolue42(m): 4:23pm On Feb 17, 2023 |
illuminutty: E pain you die... Tinubu na una Baba... 2 Likes 1 Share |
Re: Is The Naira Redesign Policy Defeated? by MonthlySalary: 4:24pm On Feb 17, 2023 |
JoshTim: you fit use money find money make you still no see money..... CBN 2023 |
Re: Is The Naira Redesign Policy Defeated? by Siwisheswereesh: 4:24pm On Feb 17, 2023 |
CrownLands: How can someone be this dull |
Re: Is The Naira Redesign Policy Defeated? by baralatie(m): 4:25pm On Feb 17, 2023 |
CyynthiaKiss:I seriously doubt this because 22nd will be extended indefinitely Since emefiele has shown contempt |
Re: Is The Naira Redesign Policy Defeated? by tolue42(m): 4:27pm On Feb 17, 2023 |
CrownLands: Just shut up, don't misinform the general public. Is that what CBN said?. First bank only said they will be available tomorrow 18th to collect old currency. They don't say tomorrow is the deadline! |
Re: Is The Naira Redesign Policy Defeated? by Treassured: 4:31pm On Feb 17, 2023 |
The Wise and Informed people like Us already knows their Evil Plans.
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Re: Is The Naira Redesign Policy Defeated? by SocialJustice: 4:32pm On Feb 17, 2023 |
salesbloo:The policy is not defeated and it is better the old notes are not taken to the banks to sustain demand for cash. I told someone this morning that by December this year, the old notes will continue to be in circulation. Government does not have the power to tell citizens their money is now paper, it will cause anarchy. 1 Like |
Re: Is The Naira Redesign Policy Defeated? by BreconHills(m): 4:32pm On Feb 17, 2023 |
9jvirgin: It's the hope that kills you. Supporters of Obi and Atiku but especially those of Obi are hailing the move not knowing that the end game is no election. The Electoral Act prescribes the amounts needed for campaigns to 5bn for a Presidential candidate, 1bn for a governor, 100m for a senator and 70m for a house of reps member. These amounts must be available to ALL candidates to draw. Has this officially been done? Can it even be done? Where we are headed is a postponement. I expect INEC to say that they do not have the necessary logistics sometime next week and I expect that as happened in 2015 with Jonathan that the election will be postponed. The abracadabra will be where the postponement runs beyond the handing over date - then you get an Interim Government. Please understand quite clearly that PMB is not against any candidate, neither is he for any candidate, he is for something outside of all political parties. By the time this starts to dawn on the participants especially those who think they are being favoured right now, the political landscape will be so confused that everyone will accept the poisoned Cup of the ING. We watch and wait. 2 Likes 1 Share |
Re: Is The Naira Redesign Policy Defeated? by Aurelius1(m): 4:33pm On Feb 17, 2023 |
ObiDatti85:Mama Ngozi would find it difficult restocking because once she makes a one time deposit of 500k it would take a month or more for her to get credited. I f she accepts more than 500k old notes she looses. 1 Like |
Re: Is The Naira Redesign Policy Defeated? by ModCaller: 4:33pm On Feb 17, 2023 |
Goke7: Those people see what you and I cannot see. If you remove subsidy, price of everything in Nigeria will triple within a week. You noticed what happened when fuel price rose to 500 per liter? That's just an idea of what will happen when subsidy is finally removed. We all think our leaders are stupid. Buhari also thought GEJ was a silly little man until Buhari entered Aso Rock and saw reality. Nigeria was built on subsidy. Education, health, and energy have always been subsidized. Removing it will radically change the temperature of the country. |
Re: Is The Naira Redesign Policy Defeated? by Buksaylor: 4:36pm On Feb 17, 2023 |
PointZerom: Don't mind them you can deposit but can you withdrawal it... Probably after the elections,abi? Then if you can't before the election,the policy is in line. |
Re: Is The Naira Redesign Policy Defeated? by Padipadi: 4:37pm On Feb 17, 2023 |
AtikuOkowa:You aren't God. So...your days of shame is numbered. You, Atiku, northern snakes here pretending as Igbos, the demented Igbos here, the uninformed Yorubas among you, from Buhari to Emefiele. All of you ll bath with shame water. In fact, for mentioning Abiola, it's a sealed victory for BAT. Your wicked talk is highly noticed, though you think you are making fun and catching cruise. |
Re: Is The Naira Redesign Policy Defeated? by deyplay: 4:43pm On Feb 17, 2023 |
salesbloo:and who will collect it from you? If you are lucky to give it to someone, who will collect it from another person. Nobody will even collect the old notes from politicians because it has baggage. Can state governors fight CBN and president at the same time? |
Re: Is The Naira Redesign Policy Defeated? by BeardedmeatR(m): 4:43pm On Feb 17, 2023 |
ObiDatti85:But again, she must obtain CBN code which is likely online. Will she be willing to do that? |
Re: Is The Naira Redesign Policy Defeated? by syntekelite(m): 4:44pm On Feb 17, 2023 |
illuminutty: Thats why i always tell people who have never played the game of power or eaten with those in power that politics is for devious minds.. People will collect old notes with the confidence that their candidate will reverse the cbn policy, simple logic.. this election is for the best buyer of votes.. cos cbn just made even the most principled broke,unable to access his or her cash , hungry and desperate.. |
Re: Is The Naira Redesign Policy Defeated? by Teenaira: 4:45pm On Feb 17, 2023 |
9jvirgin: But you people are Biafrans now, why are you so interested in saving your enemy ? |
Re: Is The Naira Redesign Policy Defeated? by syntekelite(m): 4:46pm On Feb 17, 2023 |
moscow007: Which of the banks?? The ones that have been closed since monday or the ones opened but have empty vaults.. i mean you sure sey you dey naija so?? |
Re: Is The Naira Redesign Policy Defeated? by onatisi(m): 4:47pm On Feb 17, 2023 |
I love what is happening. APC GOVERNORS SABOTAGING APC PRESIDENT AND MAKING HIM LOOK LIKE A WICKED PRESIDENT EXACTLY THE SAME WAY THEY SABOTAGED GEJ GOVERNMENT AND MADE HIM LOOK LIKE A BAD LEADER |
Re: Is The Naira Redesign Policy Defeated? by bluefilm: 4:47pm On Feb 17, 2023 |
To me, it has been completely defeated. Had it been the redesign policy makers knew, they would have just redesigned only the 500 and 1000 naira notes. |
Re: Is The Naira Redesign Policy Defeated? by udemzyudex(m): 4:47pm On Feb 17, 2023 |
It is still working because if you take the cash to Bank,you will only get credited and won't be given cash,any cash will be new money which is not even in circulation again. You're not smart enough to understand what CBN is doing, CBN is creating panick among Nigerians, note that theres no too much cash in circulation,and the new notes is not much. Did you see the number of people in front of CBN office today? A lot of people will deposit the cash into their Bank and won't go back with cash, thereby still reducing the inflow of cash in the society. |
Re: Is The Naira Redesign Policy Defeated? by adecz: 4:47pm On Feb 17, 2023 |
Unless na different names you dey use, if not your BVN will give you away. Remember that, if you take loan from example access bank and you no wan pay, the system will locate your GTB, First Bank or UBA accounts that have money and take your money from there to pay Access. |
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