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Nairaland Forum / Nairaland / General / Business / Why New Naira Notes Are Scarce – CBN Sources (42015 Views)
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Re: Why New Naira Notes Are Scarce – CBN Sources by dododawa1: 8:19pm On Apr 16, 2023 |
EMEFELIE is in book of NIGERIA history as d most USELESS CBN governor of his time/ BUHARI beside. 2 Likes 1 Share |
Re: Why New Naira Notes Are Scarce – CBN Sources by bayelsaowei(m): 8:22pm On Apr 16, 2023 |
Mumu CBN..no explanation can redeem your foolishness |
Re: Why New Naira Notes Are Scarce – CBN Sources by Lagosianswag: 8:28pm On Apr 16, 2023 |
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. 1 Like |
Re: Why New Naira Notes Are Scarce – CBN Sources by Hezzyluv: 8:31pm On Apr 16, 2023 |
Sermwell: He's complicit to Emefiele's idiotic display. |
Re: Why New Naira Notes Are Scarce – CBN Sources by sharone21(f): 8:33pm On Apr 16, 2023 |
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 |
Re: Why New Naira Notes Are Scarce – CBN Sources by Emmizay12(m): 8:34pm On Apr 16, 2023 |
Birdbyrde440: 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 |
Re: Why New Naira Notes Are Scarce – CBN Sources by Birdbyrde440: 8:43pm On Apr 16, 2023 |
Emmizay12: 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? |
Re: Why New Naira Notes Are Scarce – CBN Sources by Jamesbiodun(m): 8:51pm On Apr 16, 2023 |
CBN don carry us Handicap |
Re: Why New Naira Notes Are Scarce – CBN Sources by benzion72(m): 8:55pm On Apr 16, 2023 |
Who they carry money go bank again both new and old nobody |
Re: Why New Naira Notes Are Scarce – CBN Sources by Birdbyrde440: 8:55pm On Apr 16, 2023 |
Successlane: Lol |
Re: Why New Naira Notes Are Scarce – CBN Sources by Brek: 9:22pm On Apr 16, 2023 |
LeoDeKing:Do you want to focus on your country or focus on IPOB? Stop looking at IPOB nyash |
Re: Why New Naira Notes Are Scarce – CBN Sources by Belleful: 9:40pm On Apr 16, 2023 |
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 1 Like |
Re: Why New Naira Notes Are Scarce – CBN Sources by just2endowed: 10:16pm On Apr 16, 2023 |
Birdbyrde440: 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? 1 Like |
Re: Why New Naira Notes Are Scarce – CBN Sources by Birdbyrde440: 10:18pm On Apr 16, 2023 |
just2endowed: 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 |
Re: Why New Naira Notes Are Scarce – CBN Sources by just2endowed: 10:20pm On Apr 16, 2023 |
Birdbyrde440: thats the thing, ghana are just postponing the suffering awaiting them. it does not improve the value of the cedis |
Re: Why New Naira Notes Are Scarce – CBN Sources by Henrydata(m): 10:22pm On Apr 16, 2023 |
economania: How will Cbn achieve that when citizens are not depositing both new and old note back to the bank. Only withdrawal |
Re: Why New Naira Notes Are Scarce – CBN Sources by Birdbyrde440: 10:24pm On Apr 16, 2023 |
just2endowed: 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 |
Re: Why New Naira Notes Are Scarce – CBN Sources by Emmizay12(m): 10:56pm On Apr 16, 2023 |
Birdbyrde440: 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, 1 Like |
Re: Why New Naira Notes Are Scarce – CBN Sources by Wizpa(m): 12:30am On Apr 17, 2023 |
TOPCRUISE: 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.. |
Re: Why New Naira Notes Are Scarce – CBN Sources by 7arrows: 1:01am On Apr 17, 2023 |
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. 1 Like |
Re: Why New Naira Notes Are Scarce – CBN Sources by ejyk375: 1:27am On Apr 17, 2023 |
That new notes are so Inferior. I don't even like the new notes chai. 1 Like |
Re: Why New Naira Notes Are Scarce – CBN Sources by LUAN1: 1:38am On Apr 17, 2023 |
ecolime:the thing funny. Bank customers get association. Them dey get meeting ni? |
Re: Why New Naira Notes Are Scarce – CBN Sources by grandstar(m): 2:53am On Apr 17, 2023 |
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 1 Like |
Re: Why New Naira Notes Are Scarce – CBN Sources by SaLongs1(m): 3:02am On Apr 17, 2023 |
TemplarLandry: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. |
Re: Why New Naira Notes Are Scarce – CBN Sources by drololaaof: 3:55am On Apr 17, 2023 |
Islie: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 . |
Re: Why New Naira Notes Are Scarce – CBN Sources by EmeraldEmperor(m): 4:22am On Apr 17, 2023 |
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 ;] 1 Like |
Re: Why New Naira Notes Are Scarce – CBN Sources by georgeakins: 7:42am On Apr 17, 2023 |
Birdbyrde440: 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. |
Re: Why New Naira Notes Are Scarce – CBN Sources by Inosky: 8:06am On Apr 17, 2023 |
Birdbyrde440: 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 |
Re: Why New Naira Notes Are Scarce – CBN Sources by jude33084(m): 8:11am On Apr 17, 2023 |
Bahamas95: Learn to read so that your argument will make sense |
Re: Why New Naira Notes Are Scarce – CBN Sources by jude33084(m): 8:13am On Apr 17, 2023 |
EmeraldEmperor: LOLS alot of you will have TH over ipob |
Re: Why New Naira Notes Are Scarce – CBN Sources by Bahamas95(m): 8:21am On Apr 17, 2023 |
jude33084: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. |
Re: Why New Naira Notes Are Scarce – CBN Sources by iamsolasoul(f): 10:01am On Apr 17, 2023 |
make we dey see our transfer steady !!! |
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