₦airaland Forum

I noticed that the lower denominations are now very hard to come by unlike it used to be. Why? Is that due to a decrease in the amount of notes being printed or in circulation.
I'm also of the opinion that it can help cure inflation , kidnapping , and others if we have more of the small denominations in circulation .
What's the reason behind this

Introvert123:
I noticed that the lower denominations are now very hard to come by unlike it used to be. Why? Is that due to a decrease in the amount of notes being printed or in circulation.
I'm also of the opinion that it can help cure inflation , kidnapping , and others if we have more of the small denominations in circulation .
What's the reason behind this

Soon 50 naira and 100 naira will also be scarce because the price of things will soon be out of range for 50 and 100 naira

Use your brain OP.

The fact that those denominations CANNOT purchase anything in the current economy , has rendered their status as legal tender, useless.

What do you do with trash?

What do you want to do with them?!

GreyWolf01:
Use your brain OP.

The fact that those denominations CANNOT purchase anything in the current economy , has rendered their status as legal tender, useless.

What do you do with trash?

Hhhhmmmm . Thanks for the input

thesicilian:
What do you want to do with them?!

I no wan leave my change with market women . E dey pain me

thesicilian:
What do you want to do with them?!

I have lost a huge amount of money . I for don buy bugatti by now . Lol

Introvert123:
I no wan leave my change with market women . E dey pain me

Lol.
Some will force you to buy sweets with the change. Others will be looking at you as if it's a crime to wait for your change.

thesicilian:
Lol.
Some will force you to buy sweets with the change. Others will be looking at you as if it's a crime to wait for your change.

Exactly . What is the solution In this hard economy . I no dey form abeg

thesicilian:
Lol.
Some will force you to buy sweets with the change. Others will be looking at you as if it's a crime to wait for your change.

If I calculate how much I dey lose per month. I no fit dey lose money in this hard economy
The problem be sey you no go wan argue with them
And I hate going back for change. I

GreyWolf01:
Use your brain OP.

The fact that those denominations CANNOT purchase anything in the current economy , has rendered their status as legal tender, useless.

What do you do with trash?

But shouldnt being scarce make it more valuable. Scarcity creates value
But we still can't do without it . We need am everyday . My opinion.

Introvert123:
But shouldnt being scarce make it more valuable. Scarcity creates value
But we still can't do without it . We need am everyday . My opinion.

The point is not scarcity! ( e.g That a 100 GBP note is scarce, does not increase its value. It can only purchase 100GBP worth of items, despite the note being scarce.)

Scarcity works with products and services, not with (denominations of a currency)

The point is , what can N5, N10, N20, buy?

When these questions are answered or the problems of inflation and low purchasing power are fixed, more of those denominations will be printed.