hoo! my God, for how many times i will say that am not calling for re-denomination of Naira or re-decimal nor touch the real value of Naira, it's only the market can do that; and the case of Nigeria is far more different btw what the European countries including Germany did after the world war II and the case of Ghana and Zimbabwe recently!
what the differents:
google CBN check how many denomination in ciculation today, check your pocket how many denomination rest in circulation? where are the rest? also, Nigeria (₦1) least denomination know to world and exchange market is ₦1, where is that ₦1 in your pocket(circulation)? how can Nigerian take ₦1 that is not in our pocket to the market for exchange to $1 (other world active currency) and expect ₦1 to have eqaul value with $1 in your pocket and in american wallet(circulation), just imaging!
in Nigerian today the smallest denomination in the market(pocket) is ₦5! is this realistic? if will take our least currency to the exchange market today american will not accept because we will cheat them they only know ₦1 as our least denomination not ₦5, now we are killing ₦5 by force if dead, the next smallest currency is ₦10! is this how monetary work in america, Europe and Asia?
our currency is powerful, i maintain, ₦1 has what is worth in the market today, eg if you can take ₦5 to market and have 3 articles, when you divided ₦5 / 3 = ₦1.66k...eg poly bag, tom tom etc ₦1 fair in the market it was killed, CBN must return it!
also coins must be introduced and finely design for the adoration and acceptable to the nation, by so doing, the hard adoration of $ by Nigerian will fade-out, and the real face of $ to ₦ will emerge!
it just a 'retourche' of ₦ not devaluation!

Retourche abi?

Illiterate

CACAWA:
Retourche abi?

Illiterate

...are you O'level, A'level, F'level or N'level holder?
so as to know how to draw your pic.
I use the world 'retourche' to let people understand what i try to say,
ok what is money? money is anything acceptable to all in transactions, if our ₦ is finely design, adore and acceptable to all it will influence it's value against any currency, ₦ depreciate because you want $ at all cost and since demand controlled price market you cannot expect ₦ you didn't want, or demand for over value $ you love.
are you ok now?

oyinkinola:

...are you O'level, A'level, F'level or N'level holder?
so as to know how to draw your pic.
I use the world 'retourche' to let people understand what i try to say,
ok what is money? money is anything acceptable to all in transactions, if our ₦ is finely design, adore and acceptable to all it will influence it's value against any currency, ₦ depreciate because you want $ at all cost and since demand controlled price market you cannot expect ₦ you didn't want, or demand for over value $ you love.
are you ok now?

The problem is that you don't even know the meaning of RE-DENOMINATION

A fool is not a fool until he says he is not a fool.

Stop displaying crass ignorance, it is very obvious you are not learned.

I referred you to a useful link to help your illiteracy, yet you remain very adamant in your dumb argument.

Here is the link again, so please stop spamming Nairaland. Lalasticlala, pls do the needful.

http://www.cbn.gov.ng/redenomination/newpolicy.asp

....let me explain further, you have two children, you love one, you hate the other, were they have the same value?
....you take a sick animal to market for sale, do you expect to have it's real value price?

CACAWA:


The problem is that you don't even know the meaning of RE-DENOMINATION

A fool is not a fool until he says he is not a fool.

Stop displaying crass ignorance, it is very obvious you are not learned.

I referred you to a useful link to help your illiteracy, yet you remain very adamant in your dumb argument.

Here is the link again, so please stop spamming Nairaland. Lalasticlala, pls do the needful.


http://www.cbn.gov.ng/redenomination/newpolicy.asp

o k what is denomination?
why all the reforms by many Nigerian governments on ₦ failed to yield the desire result ....₦=$?
and pls don't forget to tell us your level!
as an economist, can you proof that ₦5, the smallest denomination is what we deserve to have in market?

[s]

CACAWA:


The problem is that you don't even know the meaning of RE-DENOMINATION

A fool is not a fool until he says he is not a fool.

Stop displaying crass ignorance, it is very obvious you are not learned.

I referred you to a useful link to help your illiteracy, yet you remain very adamant in your dumb argument.

Here is the link again, so please stop spamming Nairaland. Lalasticlala, pls do the needful.

http://www.cbn.gov.ng/redenomination/newpolicy.asp

[/s]
pic.1 look at the ₦1 that is not in market!
pic.2 look at $1 that is in the market.
pic.3 the smallest denomination ₦ in the market today!

oyinkinola:

o k what is denomination?
why all the reforms by many Nigerian governments on ₦ failed to yield the desire result ....₦=$?
and pls don't forget to tell us your level!
as an economist, can you proof that ₦5, the smallest denomination is what we deserve to have in market?

did you check the website i sent to you?

CACAWA:
did you check the website i sent to you?

how many questions I ask you? answer first! otherwise i don't have time for nonsense!