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Time To Redominate The Naira??? - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessTime To Redominate The Naira??? (279 Views)

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Time To Redominate The Naira??? by KnowAll(op): 9:15am On Apr 09, 2025
It is a psychological thing. By removing two zeros from the Naira and printing a new Naira note to reflect that would go a long way in stabilising the Naira. Ghana did it a few years ago and it seems to be best thing done to the cedis.
Re: Time To Redominate The Naira??? by KnowAll(op): 9:31am On Apr 09, 2025
It is not rocket science.
Re: Time To Redominate The Naira??? by HeatSeeker(m): 9:35am On Apr 09, 2025
KnowAll:
It is a psychological thing. By removing two zeros from the Naira and printing a new Naira note to reflect that would go a long way in stabilising the Naira. Ghana did it a few years ago and it seems to be best thing done to the cedis.
You are wrong here. It wasn't and their economy is not better for it.
Re: Time To Redominate The Naira??? by lawani(m): 9:40am On Apr 09, 2025
Re denominate

That alone can not change the country for the better
Re: Time To Redominate The Naira??? by GeneralPula: 9:46am On Apr 09, 2025
Not needed..
Re: Time To Redominate The Naira??? by advanceDNA:
KnowAll:
It is a psychological thing. By removing two zeros from the Naira and printing a new Naira note to reflect that would go a long way in stabilising the Naira. Ghana did it a few years ago and it seems to be best thing done to the cedis.
It will do nothing positive but make Nigerians take advantage of buyers with new pricing and also make tinubu and his supporters claim tinubu is God for making 1 Dollar =16 naira..
Re: Time To Redominate The Naira??? by KnowAll(op):
advanceDNA:
It will do nothing positive but make Nigerian take advantage of buyers with new pricing and also make tinubu and his supporters claim tinubu is God for making 1 Dollar =160naira..
Na two Zeros 1 dollar = 16 Naira

And we have any plans to have unified currency in west Africa by removing 2 zeros from d current exchange rate d exchange rate of Nigeria and Ghana would almost tally. If the government does not do it, it means they still want to be printing money. Printing money by buhari was d reason why d Naira fell flat on its face.
Re: Time To Redominate The Naira??? by advanceDNA: 1:14pm On Apr 14, 2025
KnowAll:
Na two Zeros 1 dollar = 16 Naira
Thank you jare
Re: Time To Redominate The Naira??? by KnowAll(op): 7:41am On Apr 23, 2025
Ghana did it why can’t we do it.
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