Why The N1000 Note Needs To Be Scrapped - Politics (2)

Why The N1000 Note Needs To Be Scrapped - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › Why The N1000 Note Needs To Be Scrapped (2202 Views)

Re: Why The N1000 Note Needs To Be Scrapped by Nobody: 4:23pm On Nov 16, 2020

juman:
Op might be secondary school student.

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:
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.

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:
Hyper inflation has also been around since 2006.....

If Nigeria introduces N2000 note or N5000 note hyper inflation will get worse

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:
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.

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:
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....

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

Re: Why The N1000 Note Needs To Be Scrapped by BigBashiru(op): 6:01pm On Nov 16, 2020

lincsnuel:
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.

Very well put! I couldn't have said or put it better! And thanks for the Zimbabwe example!

1 Like

1 2 Reply

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