₦airaland Forum

Let's watch and see

The currency is weak yet we have so little money in circulation 1,700,000,000,000/180,000,000 =9,444
Which means that less than 10,000 per head. On this list we have multi-millionaires and the poor who feed on less than $1 a day

Nigeria is a bleeped up country

nony43:
Why the dropping? Them carry am go Switz?

Dangote got richer politicians got richer cos it's Ember period already armed robbers got richer too while the masses in general got poorer

More money in circulation means there is inflation

DID THEY INCLUDE THE BAGS BABA KUNLE STASHED UNDER HIS BED?

bsideboii:
In layman's terms is this a good thing for the economy ?? Na wetin we wan hear o.Not Quasi dis, liquid dat!

in summary, the economy has improved and the platform that might favour more improvement is being created

Millz404:
To be honest, i started reading, got bored after 3 lines, scrolled down, booked a space, and modified it into this. Bye

it's all about the amount of money in circulation, credit made available to the private sector by banks. Thus, it explains how monetized the economy his and the level of bank development.

Yea..that a good news..for those that don't understand fully...it doesn't mean inflation going down,neither does it mean increased economic growth...intstead... it helps to reduce the cost of management of monetary policies..monetary policies simply ia about how money is supplied into the system...cost reduced are for example..cost of printing, cost of transport to banks,cost of security of mony,cost of desk teller counters, etc...this means the attitude of ppl towards money usage is changing...the CBN should be applauded and encouraged to do more by advertising for online money transaction in places like facebook,instagram, nairaland, linda ikeji etc...that's where the youths are..not on the old fashion NTA where only mostly conservative old pple view...for example I had mur than 6 bank transaction from the 29 of august to yestdai...but didn't visit any bank...that is what they mean...so guyz..embrace the online system...

luvility:
it's all about the amount of money in circulation, credit made available to the private sector by banks. Thus, it explains how monetized the economy his and the level of bank development.

Booooorrrring

Oh

Quarter plot of land off the major road at pleasure b/stop on a tarred road, good for commercial purpose. Measuring 113,740square Meter. Asking: 4m

A mother who is a trader don't understand all these grammar
What she want is let there be food stuffs affordable for her to buy at the end of the day.
Simple.
But then again,prices are still skyrocketing.
It's not funny at all.

Samexdx:
Okay... Somebody should please explain in a layman's language

what this tells you is that the cbn has reduced the currency in circulation thus a decrease in supply of currency causes a forceful decrease in price of goods(deflation) and since 1.7trlln is d cash in circulation +3.3trilln quasi money=22trillion bank credit means 22/5 which equals 4.3(means the total debt in īcirculation is 4.3times the real money.)
they could increase it upto 15times thereby increasing the suffering of the masses who pays it inform of tax and interest and profits.Good day.

Few years ago, I couldn't understand the meaning of this write up.

You will be surprised 95% of bankers will not understand what was written here too. I laugh..

We are a bunch of financial illiterates..

No wonder many people will prefer to invest in MMM, ISUSU and other money losing schemes..

balarabe01:
what this tells you is that the cbn has reduced the currency in circulation thus a decrease in supply of currency causes a forceful decrease in price of goods(deflation) and since 1.7trlln is d cash in circulation +3.3trilln quasi money=22trillion bank credit means 22/5 which equals 4.3(means the total debt in īcirculation is 4.3times the real money.)
they could increase it upto 15times thereby increasing the suffering of the masses who pays it inform of tax and interest and profits.Good day.

Thanks sir

Okay.



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it is a step in the right direction, a drop(money in circulation) means there are fewer money in circulation thus making our naira gain more value a s against other currency, again that there is an increase in bank reserve is as good as the 1st. all this are meant to give our naira a value in world MKT.
my humble opinion

you are welcome

Investing in quasi or instruments that are near money (Instruments that can be converted easily to cash) has always been the best way to invest, but with the continuous rise in cost of living suggests otherwise...
https://www.nigeriabusinessplan.com.ng/quasi-money-money-supply-monetary-standard/