immortalcrown:
Mutilation is the problem.

Mutilation affects the currency in many ways.

The urge to spray the currency is why people sell and buy the currency with the same currency within Nigeria. Is it good?

shortgun:

Are you saying the urge to spray the naira affects its value?
Like the more naira people spray the more its value will depreciate?

immortalcrown:
When you buy 10k Naira at the price of 11k Naira or 12k Naira, isn't the value negatively affected?
Economically, when you pay more for a currency its value will increase

When you mutilate the Naira for the government to crush it and print a replacement, isn't the value negatively affected?
Like I said, it's the job of every central bank in the world to replace mutilated and wore out currencies without penalty to citizens. Why should that of Nigeria be different?

Even about the ecstatic value, when you dirty or tear the Naira notes, isn't the value negatively affected?
People's emotional attachments to a currency has no impact on its value

shortgun:
Since the arraingment and subsequent sentencing of Bobrisky to 6 months imprisonment for spraying some naira notes in an event. I've been scratching my head to understand how exactly does spraying money in occasions and events affect the value of our currency and its implication on our economy.
It's common practice for Central Banks all over the world to replace mutilated and wore out currencies at no cost nor punishment to the citizens.

Is it that the more naira notes people spray at events the more it loses value?
How does the spraying affect our GDP and GNP?
How does it affect our economic growth?
What is its effect on inflation and deflation?
How does it affect our interest rate?.
How does it affect SMEs and entrepreneurship in our country?

Please kindly explain it to me like a 10 year old 🙏

2Radii:


All the countries that u are slæ.ves to, all the countries that u re lickin their as.s, all the countries u re calling a developed countries would never permit their notes to be sprayed in an event, but u re too sen!.le and unfo. rtun8 to know that, so far it's Nigeria everything should be rhe other way round to please you and yet you will be the first to call the country an unorganised country...shior.

The country will never fa...vour u and ur likes. Oloriburuku

shortgun:

I believe you've never step foot outside the shores of Nigeria.
For starters, it's not a crime to spray the us dollar in the US.

2Radii:
U re lying...

U can't spray dollars as u like, likewise pounds sterling