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Nairaland Forum / Nairaland / General / Business / Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo (20423 Views)
Torn And Dirty New Naira Notes Just 24 Hours After Release ( Photos) / 15-Year-Old ₦500 Note Currently In Circulation (Pictured) / 100 Naira Denomination In Circulation Are Worn Out. Who Else Has Noticed This? (2) (3) (4)
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by OhiOfIhima: 8:55am On Mar 09, 2018 |
Walahi, The tin has being on 4 long. I do complain b4 but now as you give me I pass it on. |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by ipobarecriminals: 8:55am On Mar 09, 2018 |
compare the 50k,one naira of those days to d nonsense nowadays. Nor. be d same Niagra we dey b4 |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by CharlieMaria(m): 8:56am On Mar 09, 2018 |
CBN should do something ASAP |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by adebayo201: 8:57am On Mar 09, 2018 |
Omo see paralyzed money! If you cant give me two-#50 or 5-#20, return my money. It's a shame on CBN and other banks. The masses are the ones suffering from this. |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Otamayomi1(f): 8:57am On Mar 09, 2018 |
The thing tire me. Lagos state even worse. Those conductors and petty traders come become rude for #100 matter. |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Keywordconcept(m): 8:58am On Mar 09, 2018 |
Lol Check my signature to earn passively. |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by OnyiloG: 9:00am On Mar 09, 2018 |
I'm tired of the embarrassment associated with 100 note of a thing. I thought it's only in circulation within my region. I hope it's not an attempt to worsen the economy the more. God will help us in Jesus name 1 Like |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Lomprico2: 9:00am On Mar 09, 2018 |
cremedelacreme: Check very well u hardly see the centenary notes, its d old one that is haggard that is everywhere. |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by RZArecta2(m): 9:00am On Mar 09, 2018 |
Dirty 100 naira notes all over Ph 1 Like |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by yousouph07(m): 9:02am On Mar 09, 2018 |
Its pathetic |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Nobody: 9:04am On Mar 09, 2018 |
100 naira notes are scarce in my area, now I see Why |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Activeman391(m): 9:04am On Mar 09, 2018 |
Was in Abuja recently..torn 100 notes seem is now the widely accepted fresh dollar bill |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by HarryDuce(m): 9:09am On Mar 09, 2018 |
I think sey na only me dey notice am sef. I even got curious and started checking the year any #100 note I come across was printed. and I didn't see any one from 2015 upwards. Is it that CBN have stopped printing new notes or what 1 Like |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by ORIGENAL(m): 9:10am On Mar 09, 2018 |
ipobarecriminals:u don talk finish? 3 Likes 1 Share |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by gdonmylife(m): 9:10am On Mar 09, 2018 |
ipobarecriminals:Your head dey there. No mind Nigerians 1 Like 1 Share |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by iamolatunay(m): 9:11am On Mar 09, 2018 |
Honestly for a while now I Neva see beta #100...and e dy vex me die...even #50 now done start to join small small 1 Like |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by KanuJEWSarePIGS: 9:14am On Mar 09, 2018 |
Lomprico2: Akiikah! Lies! An Imaginary taxi driver. Most taxi drivers are way sensible to have dished out such a petty lie. Anyway, IPOB ANIMALS have always appeared elementary in thoughts. |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Handsomecole(m): 9:16am On Mar 09, 2018 |
It's worse here in Abuja. |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by maasoap(m): 9:20am On Mar 09, 2018 |
ipobarecriminals:You have a point there but currency notes are supposed to be removed in circulation after certain period of time and new ones released. When was the last time you saw new ones or are we supposed to continue pass old naira notes around indefinitely and still expecting them not to wear out and tear? 1 Like |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by bluegrass07: 9:21am On Mar 09, 2018 |
tivta: I doubt that. . . |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by maasoap(m): 9:26am On Mar 09, 2018 |
kimjongJezebel:Good question there. I learned that for every box of dirty, worn out and torn money sent to the CBN by the banks, there is certain amount of fee to be paid to CBN by commercial banks that sent it. And as you know with capitalists, everyone would naturally want to run away from extra costs. It is always about more profits. They are declaring increased profits every year, yet they kept sacking more and more workers. 2 Likes |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by mvem(m): 9:28am On Mar 09, 2018 |
TourismMan:...na our fault...why select money...if d market woman is ready to take the money and someone is ready to take it from the market woman then there is no issue...why selecting money based on which one dey old or new...money is money even cellotaped |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by maasoap(m): 9:30am On Mar 09, 2018 |
bluegrass07:Nigeria banks do reject money that are not counterfeit bro. The reason is that they know that other customers will not collect it from them and they themselves are not ready to send it to CBN for the reason I posted earlier. 1 Like |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by mvem(m): 9:31am On Mar 09, 2018 |
Lomprico2:...there is nothing u wont hear in this country...Oh! |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by ipobarecriminals: 9:31am On Mar 09, 2018 |
maasoap:That won't change anything. We knw our lifestyle here.The same pipu will use their teeth to bite/cut it in d name of disappear.Compare the 50k and 1 naira of those days to nowadays currency. Nothing work here jare |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by maasoap(m): 9:32am On Mar 09, 2018 |
mvem:These money can't be in circulation for ever. Some naira notes are so dirty that you will be afraid of contracting diseases by handling them because they have been in circulation far more than they are supposed to be. 1 Like |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by maxwell767(m): 9:33am On Mar 09, 2018 |
Lomprico2:I see a reason in what u said.... Hummmm... 1 Like |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by maasoap(m): 9:34am On Mar 09, 2018 |
ipobarecriminals:Nothing work here and that's why paper money printed over five years ago won't leave circulation for new ones. And most especially, lower denominations are supposed to be changed frequently because they are passed around more frequently and are expected to wear and tear more frequently. 1 Like |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Coldfeets: 9:43am On Mar 09, 2018 |
Wetin kwansign me? eBanking till the end! |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Neurotika: 9:45am On Mar 09, 2018 |
maasoap: CBN wants these dirty currencies sorted before receiving them from banks. Banks incur fees for not sorting them when returning them to CBN. The process of sorting these dirty and mutilated cash is manual and Labour intensive. And banks aren't ready to employ more staffs for an unproductive activity. So they prefer putting the dirty cash back into circulation. 1 Like |
Re: Torn And Worn Out N100 In Circulation, A Deliberate Act By The Banks? Photo by Hemjayy: 9:46am On Mar 09, 2018 |
three: Destroy of Worlds Someone has been watching too much of Agents of Shield 1 Like |
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