Why The N1000 Note Needs To Be Scrapped - Politics (2) - Nairaland
Nairaland Forum › Nairaland General › Politics › Why The N1000 Note Needs To Be Scrapped (2201 Views)
| Re: Why The N1000 Note Needs To Be Scrapped by Nobody: 4:23pm On Nov 16, 2020 |
juman:He's probably in primary school because even a junior secondary school 1 student cannot say this. 1000 is around $20 while $100 is 40,000 or thereabout, and yet he's talking in the nonsense. The 1000 naira note has been around since 2006. |
| Re: Why The N1000 Note Needs To Be Scrapped by BigBashiru(op): 4:45pm On Nov 16, 2020 |
Shoodboi:Hyper inflation has also been around since 2006..... If Nigeria introduces N2000 note or N5000 note hyper inflation will get worse 2 Likes |
| Re: Why The N1000 Note Needs To Be Scrapped by James4358(m): 5:03pm On Nov 16, 2020 |
It Makes sense a little! |
| Re: Why The N1000 Note Needs To Be Scrapped by Nobody: 5:06pm On Nov 16, 2020 |
BigBashiru:You don't know the cause of inflation and I'm not interested in debating it with you. But your theory is very wrong and off. |
| Re: Why The N1000 Note Needs To Be Scrapped by valentineuwakwe(m): 5:06pm On Nov 16, 2020 |
simply make lower naira denominations available and bring back the coins....that way change can be available and market prices will swings to denomination bases. |
| Re: Why The N1000 Note Needs To Be Scrapped by BigBashiru(op): 5:10pm On Nov 16, 2020 |
Shoodboi:Im not interested in debating with you as well as it constitutes a waste of my precious time. Your iq does not meet the minimum I require for an intellectual engagement.... 1 Like |
| Re: Why The N1000 Note Needs To Be Scrapped by lincsnuel: 5:38pm On Nov 16, 2020 |
BigBashiru:No mind that guy. Even Zimbabwe had a single note of 1 Trillion Zimbabwean Dollar, and their economy was the worst in the world then. Higher denominations don't directly cause inflation, but a country suffering from combination of recession and inflation shouldn't be printing high denominations. 1 Like
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| Re: Why The N1000 Note Needs To Be Scrapped by BigBashiru(op): 6:01pm On Nov 16, 2020 |
lincsnuel:Very well put! I couldn't have said or put it better! And thanks for the Zimbabwe example! 1 Like |
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