Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria (595 Views)
| Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria by hisexcellency34(op): 9:38pm On Jun 20, 2024 |
In the United Kingdom that colonised us, they are still spending coins today down to a penny. Are we wiser than them? Yet we abandoned all our coins. Even our five naira banknote is hardly in circulation again. Smh.... 1 Like
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| Re: Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria by jkpbestseries: 9:42pm On Jun 20, 2024 |
ok |
| Re: Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria by slivertongue: 9:43pm On Jun 20, 2024 |
Nigeria's economy is a disaster 1 Like |
| Re: Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria by NwaNimo1(m): 9:45pm On Jun 20, 2024 |
Its harder to print coins.... https://storage.ko-fi.com/cdn/useruploads/display/38803637-4f18-467e-8486-dd2b6879ab67_111.gif 1 Like |
| Re: Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria by whatmoreng: 9:56pm On Jun 20, 2024 |
Inflation forced us to abandon coins. Coins didn't caused inflation. Get your facts right. 6 Likes 1 Share |
| Re: Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria by SEGLIZ: 10:08pm On Jun 20, 2024 |
whatmoreng:inflation didn't force us to abandon coin but bad currency policies from our moronic leaders, which always end us at mercy of inflation. 1 Like |
| Re: Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria by DevilsEqual(m): 11:13pm On Jun 20, 2024 |
Delarue What do u say |
| Re: Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria by fineboynl(m): 11:41pm On Jun 20, 2024 |
Coins wws basically useless. You will need 10 to 15 coins to make payment for the least items you can find or for a taxis. Why will carry a load of valueless weight of metal called coin? Even 5 Naira and 10 Nara note has gansly gone through that part. It has gotten worst to the extents commodities are not moving from 50 naira to 100 gap. |
| Re: Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria by Bardo: 11:46pm On Jun 20, 2024 |
That’s why cryptocurrency is the natural evolution of currency. |
| Re: Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria by BossGerald: 11:49pm On Jun 20, 2024 |
whatmoreng:They're done blaming people not farming onion and pepper in their backyards...now na to blame coin Apc is so so useless and hopeless 2 Likes 1 Share |
| Re: Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria by bennybuhari: 2:26am On Jun 21, 2024 |
Senseless comment BossGerald: |
| Re: Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria by Blue3k(m): 2:43am On Jun 21, 2024*. Modified: 10:35pm On Jun 25, 2024 |
hisexcellency34:Why dont you blame the central bank since you're looking to assign blame. At least they are in charge of monetary policy. 1 Like |
| Re: Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria by BossGerald: 6:59am On Jun 21, 2024 |
bennybuhari:BATeria 2 Likes |
| Re: Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria by AngusTV: 7:44am On Jun 21, 2024 |
Nigeria isn’t producing or exporting major stuff. That’s a problem and a way for inflation to come in. Farmlands are being abandoned. |
| Re: Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria by Paraman: 9:08am On Jun 21, 2024 |
hisexcellency34:Nigerians didn't abandon coins, they became useless. There's nothing 25 Kobo, 50 Kobo, 1 naira or 5 naira can buy in present day Nigeria. 5 naira and 10 naira notes will soon become useless like the coins 1 Like |
| Re: Inflation Started, Our Economy Crumbled When We Abandoned Coins In Nigeria by bennybuhari: 11:58am On Jun 21, 2024 |
Bad leadership really killing this country Paraman: |
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