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Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target (29440 Views)

CBN Begins To Clear FOREX Backlog / Recoloured Naira Notes Still In Circulation - CBN Insists / 2.3 Billion Pieces Of Coins Worth N1.60b In Circulation—cbn (2) (3) (4)

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Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by millionboi2: 10:05am On Mar 24, 2023
Ndleabilli:
Hi everybody I'm new in lagos (oworoshoki area) I'm looking work please, a HND holder and I have skills in website design, php programming and graphics design. I don't mind , I'll manage any work
I thought thy said you don't need a job with tech skills,I don't understand you

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Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by Laple0541(m): 10:13am On Mar 24, 2023
Tinubu warned them then but due to hatred from children of hate, they supported this anti people's policy now see the result.

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Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by emmyN(m): 10:20am On Mar 24, 2023
cunny88:
Why is CBN just deciding to release more funds now despite knowing the hardship Nigerians have been going through. What exactly has the cash policy even achieved?

You are asking this knowing that the court overturned the policy. How can the aim of the policy have been achieved with the court bottleneck?
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by famology(m): 10:22am On Mar 24, 2023
Wetin buhari and emiefele com achieve now? Mad people
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by SamuelAnyawu(m): 10:22am On Mar 24, 2023
emmyN:


You are asking this knowing that the court overturned the policy. How can the aim of the policy have been achieved with the court bottleneck?

It is not about the court Bro.

The New money wasn't printed enough to stabilise the old cash withdrawal.

If the new monies completely replaced the old ones this scarcity would have ended in January already.

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Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by emmyN(m): 10:34am On Mar 24, 2023
SamuelAnyawu:


It is not about the court Bro.

The New money wasn't printed enough to stabilise the old cash withdrawal.

If the new monies completely replaced the old ones this scarcity would have ended in January already.

That was the point, I don't know why a lot of you don't get it. The new notes were not printed as replacement for the old ones. It was printed to withdraw the old notes from circulation so as to transition the economy into a cashless one where people do more of e-transaction for bulk sum. I still see people struggling to get 100k in cash. For what?

I think the policy was a good one but was badly implemented as they did not do enough sensitization prior to its rolling out. The banks too were lazy and did not lend their support which is the reason for the hardship most of us are experiencing. Then the supreme court came with their black market judgement that essentially usurps the power of the executive.
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by LilleG(m): 10:35am On Mar 24, 2023
dododawa1:
We can confirm that the President-elect, who left Nigeria Tuesday has not been in London. He is right now in France to have a deserved rest, after a hectic campaign that began in January 2022. He will go to London thereafter before proceeding to Mecca for the lesser Hajj.

“As we move towards inauguration on 29 May, 2023, Nigerians should expect more false and salacious news from a section of the Nigerian media, on the payroll of the opposition”.
Well-done sir spokesperson cheesy

2 Likes

Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by LilleG(m): 10:37am On Mar 24, 2023
emmyN:


That was the point, I don't know why a lot of you don't get it. The new notes were not printed as replacement for the old ones. It was printed to withdraw the old notes from circulation so as to transition the economy into a cashless one where people do more of e-transaction for bulk sum. I still see people struggling to get 100k in cash. For what?

I think the policy was a good one but was badly implemented as they did not do enough sensitization prior to its rolling out. The banks too were lazy and did not lend their support which is the reason for the hardship most of us are experiencing. Then the supreme court came with their black market judgement that essentially usurps the power of the executive.
The truth is that we're not ready for any cashless policy. Moreover we have more pressing needs to attend to abeg.

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Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by onyxo76(m): 10:37am On Mar 24, 2023
and one bald headed man just ride over 200m million people like nothing happen..this country is just something else.
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by lapintoz: 10:41am On Mar 24, 2023
Election is over, IPOB CBN Gov thought he was helping his IPOB candidate to win election....

Gbo gbo won lule......gbam

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Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by BloomingDale(f): 10:45am On Mar 24, 2023
lapintoz:
Election is over, IPOB CBN Gov thought he was helping his IPOB candidate to win election....

Gbo gbo won lule......gbam

Did you vote for him? Direct your anger to the right source. That’s why you fools are at the bottom of all races of men. No critical thinking.
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by BreconHills(m): 10:49am On Mar 24, 2023
AntiChristian:


I no be Eluu P o!

I am anti-protest, anti-IPOB/terrorism, anti-Obidient,....

Take your country back church campaign can only work in Lagos, FCT, SE and little part of SS &NC!
It will fail generally in SW,NE and NW a total of about 17 states!

Separate your politics from your anti-church stance.
True some Christians supported LP but not all. That's why people are confused by what you are saying. I am a Christian but I support your right to speak ill of faith. Without people like you, faith would not be faith. But repent one day sha. Dont let universe use you for headlines one day o

As for those political Christians ...expect no change from them. Those ones are Christians by creed and not understanding.
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by Minjim: 10:54am On Mar 24, 2023
Why aren't they loading the ATMs
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by emmyN(m): 10:55am On Mar 24, 2023
LilleG:

The truth is that we're not ready for any cashless policy. Moreover we have more pressing needs to attend to abeg.

I am ready, and I know a lot of other persons are. There can never be a better time for its implementation, else we will stay waiting forever. I learned the FG gained over 11 billion naira just last month through this policy. Imagine how much more would be made if it was fully rolled out. We try to emulate the Chinese in their economic advancement, but they use mobile payment for most of their retail transactions. See?
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by mechanics(m): 10:59am On Mar 24, 2023
But they couldn't monitor banks when they started giving out the new notes.
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by ufuosman(m): 11:03am On Mar 24, 2023
Na Buhari fault
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by FireUpNow(m): 11:05am On Mar 24, 2023
Buhari is just a punisher of the masses. PMB and Emiefele are evil tag team
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by Bulleye(m): 11:11am On Mar 24, 2023
adenigga:


Source: https://punchng.com/Old-notes-circulation-CBN-begins-monitoring-today-banks-set-two-week-target

God forbid Peter Obi's presidency. Imagine Obi supporting this evil policy so as to defeat Tinubu. It shows Obi's skull is a vacuum.
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by Limassol(m): 11:12am On Mar 24, 2023
cunny88:
Why is CBN just deciding to release more funds now despite knowing the hardship Nigerians have been going through. What exactly has the cash policy even achieved?
A completely ill-thought out, misplaced and badly-timed policy. A moment of pity for the millions of Nigerians who were at the receiving end of this silly experiment.

1 Like

Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by Limassol(m): 11:13am On Mar 24, 2023
owem19:
Nonsense people, thunder kill una generations,ndi ala every where
Relax! Whatever happens to protesting?
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by Hussein035: 11:26am On Mar 24, 2023
slipperyanus07:
God punish tinubu

But you and your stupid Peter Obi were supporting emefiele and Buhari.

Tinubu is now your problem because he won the election. You will die by bomb and acid IJN
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by SamuelAnyawu(m): 11:26am On Mar 24, 2023
emmyN:


That was the point, I don't know why a lot of you don't get it. The new notes were not printed as replacement for the old ones. It was printed to withdraw the old notes from circulation so as to transition the economy into a cashless one where people do more of e-transaction for bulk sum. I still see people struggling to get 100k in cash. For what?

I think the policy was a good one but was badly implemented as they did not do enough sensitization prior to its rolling out. The banks too were lazy and did not lend their support which is the reason for the hardship most of us are experiencing. Then the supreme court came with their black market judgement that essentially usurps the power of the executive.

You do not transition cashless economy through that means of lesser new cash. Why didn't the old and new money run concurrently for a year like other developed countries.

It's had nothing to do with Supreme Court abeg. So if there was no supreme court judgement the issue would have been resolved immediately?

Emiefele and Buhari failed woefully because the policy was never meant to fully transition us into a cashless economy.
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by Menclothing: 11:30am On Mar 24, 2023
Lolz
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by Eriggayabdem: 11:33am On Mar 24, 2023
Looking for a rugged and tested babalawo wey go make some persons appear for mirror...I wan test my new dagger for their face..stab dem wotowoto.
Pako economists and mannequins dem.
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by Jnrprince1(m): 11:42am On Mar 24, 2023
onatisi:
definitely to pacify the nation and to reduce the suffering during the fasting period.
on point

1 Like

Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by infogeneral: 11:54am On Mar 24, 2023
Some of us were saying this from day 1 that only the masses would suffer from the politically motivated monetary policy. Hope we have all seen it now. People have died and businesses have crumbled and now we are back to square 1.

1 Like

Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by ThugBoy(m): 11:54am On Mar 24, 2023
Can't they print enough money for the populace to use? All this slowpoke just received a salary for doing nothing.

1 Like

Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by Babalegba(m): 12:11pm On Mar 24, 2023
slipperyanus07:
God punish tinubu
It's time to take your medicine.Learn not to skip doses
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by 9jaTalks(m): 12:34pm On Mar 24, 2023
Good one
Re: Old Notes Circulation: CBN Begins Monitoring Today, Banks Set Two-week Target by Butoneday2(m): 12:38pm On Mar 24, 2023
Wagwanbrethren:
Is this not back to square zero? We for no just change am in the first place if they will still disburse the same old note after how many month now! 🤷‍♂️

Despite all the stress! 🙄
what about the new notes if i may ask sad

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