₦airaland Forum

ballabriggs: Mr man please stop disgracing yourself with this you groundnut and garri analysis. Go to bed and stop wasting your time.

None of you point to any macroeconomic indicator, no assessment of the current position of the economy but you just jump ignorantly with a garri and groundnut "it will cause inflation" argument. What do you even know is inflation?

In your attempt to deride the man because "he is an aboki who knows nothing", you show how ignorant you are.

getting worked up already? go ahead, burst an artery and suffer a stroke, it will add or remove nothing from nowhere

[quote author=ekt_bear]Dead or alive, warrior or not, there is nothing he can do to avoid being pissed on. Moreover, said prick has kept several of his ethnic sisters quite satisfied...it is a probably a mistake to underestimate its power [/quote] you must be a child, to be boasting of laying girls of a particular tribe, I have lost count of the number of babes I have laid, white babes, blue, black and yellow, slim ones, albino, orobo, fulani, housa, yoruba, edo, ibo, ijaw, twins, village virgin, ashewo, student, hawker, even the ones with red color bear bear for their v-junction, and you think you have seen anything go to bed child

[quote author=ekt_bear]Anyway, I don't know the habits of rich people in Nigeria very much.

But the ones I know in the US use banking pretty heavily...it is (for the most part) only poor people who avoid banks.

Storing your money under your mattress is a helluva lot more risky than storing it at a bank.[/quote]guy, i tell you, many rich men have strong safes in their houses, corrupt officials with police protection keeps many millions under their bed and sleep on it. Do you know that I once had a friend that the most dreaded punishment his father gives him is to keep him in the warehouse counting cash from sales proceeds, most times this cash are not picked up by banks for weeks.

ballabriggs: What percentage of funds from those people who would keep money under their bed make up the total credit in the system and what percentage of credit in the system is accessed by SMEs at the moment?

Sorry Sir, this your analysis is in the most elementary form.

no matter how small the percentage is, right now banks hardly lend, how much more when there is an incentive to hoard since you can easily hide it. Even 10 percent hoarding will wreck havoc in the system.

[quote author=ekt_bear]Regarding Ojukwu, someday I will visit his grave and urinate on it

So don't hold your breath waiting for me to be a fan[/quote]Ojukwu is a warrior, dead or alive, he will just wake up and give you a sound slap that will crack your skull, and kick that your small prick into your tummy

[quote author=ekt_bear]So larger note = people keep all their cash under their bed? Rather than just storing the large amounts of cash more conveniently and with less risk (armed robber, fire, inflation, etc) at the bank?

OK, so let's pretend that is true.

But, won't all that money effectively taken out of the system, INCREASE the value of what is remaining rather than decrease it? So if your assumptions are correct, then there will be a small amount of deflation rather than inflation from this move.[/quote]I did not go to school but i can pick holes in your points, the man who hoards money will trigger the inflation since he cannot have the discipline to hoard the cash forever, he will be spending uneccessarily and that is where the inflation will come from, not the banks.

[quote author=ekt_bear]I personally don't see how redenominating the naira is any different from shifting to larger notes.

I am also not convinced that shifting to larger notes causes more inflation.

Perhaps an economist in the house can link to some published research suggesting that this causation exists.


With that said, I dislike Sanusi, a lot. So anything that makes him look bad or even more hated, I enjoy [/quote]finally, this tribalist is going to be forced to love soludo
next you will be singing the praise of ojukwu, these guys were right all along, but the bigot in you will keep denying till you die in denial, we are stuck in this, lets endure it together, one naijiriya!!!

violent: So let's think about this ill conceived idea for a second from the perspective of the guy with little idea of economics.

The immediate effect of introduction of higher denominated currencies will be a massive dry up of liquidity from the financial system since people can easily keep their millions at home without hassles. Not only will this mean that capital can no longer flow easily from individuals with surplus (i.e those guys now keeping their billions in a brief case under their beds) to SMEs that require funding through banks, it will also mean that banks will in effect become squeezed to hold off lending and maintain their level of capital ratio.

The effects multiplies easily through the system along with the recent consistent increase in prices due to oil subsidy removal.

and kaboooom, fast forward to 2025.....we are now Zimbabwe!

finally someone with good points, balladuncebriggs thinks he can confuse us here because he got a useless certificate from a commercial secondary school. the briefcase money option is very enticing, who needs to be frequenting ATM and signing rubbish cheques. the man will still go back and sack bank managers for failing to meet capitalization levels.

lehsi: Finally they want to turn naira to cedies abi? Total de-valuation of the naira....1k note Don turn 100 naira value since na..absolutely dead economy.

i think we need a 1 million naira note

ballabriggs: When it's time you get a proper education, he would introduce 100,000 naira notes for you to pay your fees. I laugh because I see a dolt like you running your mouth over what you know nothing about and in the process exposing your ignorance.

"and you support inflation" you say? How ignorant.

did you understand yourself? are you losing your mind?

born2fuck: Imagine wetin go happen for club and ashewo house with this 5k note.if this is true, all those behind it will not know peace in Jesus and Mohammed name,I no fit price toto to 3k500 again, ashewo go dey say average price bi 5k single note!!God of thunder fire entire people behind this 5k note if is true,god of iron no dey go collect bribe-all of dem go crash in plane in the name of god of iron

you dey find cheap article, that type smells, better pay better moni for quality ashewo wey get tight kitten

texazzpete: 'Cashless economy' doesn't mean ZERO CASH.
Larger denominations means fewer notes and that means less money for minting and printing.


It's the coins that I do not understand or support!

wrong on the first paragraph, smaller bills will make carrying cash easier and more enticing, who needs the cashless cards when I can hide 2 million in my jean pockets and pass without attracting attention?

crackhouse: This will cause increase in commodities and reduction in the value of naira because everybody will start targeting the 5000naira note. Nobody will want to be dealing with the lower denominations and the sure way to get it easily is to increase the price of commodities.

did you get the points mr duncebriggs

ballabriggs: Don't you have a life? Get your gayness out of my way and stop stalking me.

There is no point explaining a thing to a dullard who runs his mouth over a policy without any valid analysis of the plan.

Get a life you scum.

may i ask, why did he not introduce 20,000 note mr economist dunce

ballabriggs: What the hell are you saying? You better go to bed and stop exposing your ignorance.

have you removed the insect

excondido: guy wait, am trying to connect the dot......!
CPC and ACN merger...potential threat to pdp dominance!
north cum-cpc ......boko haram and insecurity!
southwest cum-acn.....bombs discovered in metal bins!

pdp cum nigeria.....benefiting from dismal state!

IMO o!

is something scratching you on your skull, this is a symptom of mental disorder, stop typing and visit yaba left

HQ: Introducing N5,000 naira note, Cashless policy still romping. Are we going Backwards or what?

1 step foward 2 steps backwards

ballabriggs: The 5000 naira youhave today when you deflate and put it in real economic prices may be equal to the 1000 naira of 2005.

So what is the whole hullabaloo for. I'm yet to see any sound economic argument against the plan.

What I see is road side argument.

and you support the inflation? may some insect fly into your nose

sbeezy8: I dont know what both north and south people want.

but what we southerners should want is the best for the north whats bad for the north is bad for the south -

you are lying through your dirty teeth, the north hates the south with all its power

[quote author=jamil!]Jonathon should be first to answer why cbn introduce the stuff in question because without FG concept I don't believe this innitiative will work but to my suprise most of the comments that have been posted centred to the cbn governor as if he could do on his own without consulting the officials ahead of him. However all I can say goodluck to the looters for having the second chance of parking the masses wealth.[/quote]i prefer the mallam to explain, why should goat teeth decay when its the dog that eats feaces?

femliany: Misplaced priority she na the next thing be this?

and in 2 years time the mad man will be introducing 1oooo note, we are surely getting to zimbabwe my people

aryzgreat: I dont know wot GEJ is waiting for to sack dis mad mallam At CBN headquarter, imagine buying pure water for N50? dont expect any trader to collect N10 coins from u, this will sky rocket the price of goods in d market by thousands of %, Sanusi should pack his load and go, Ghana have re-denominated their currency since after soludo suggested it to OBj but naija tribal/religious politics would not allow us do d ryt thing. Can't wait for this fake con3 to balkanize, let progressives do their thing and let laggers keep lagging

trouble is, your input in this country will be weighed with your ethnic origin befre acceptance. sanusi crashed 5 banks just to level the playing field and stop some people from getting too rich

souldust: the three women are ok in my opinion instead of the eze wuruwuru that the igbo ethnocentric schuvinists are suggesting.

ojukwu head should be on the note, brave dude

maninmood: Chief Spider, well done my broda! You're sure a luminary. Can you give me a rough estimate of the amount that will be incurred on a 5 bedroom duplex slab! Don't ask me how many square meters my broda, my builder handles all these and I'm not interested in asking for nonsensical square-meters Just give me a rough estimate. 3 bedrooms with living room upstairs; 2 bedrooms with living room downstairs. The slab, my oga, how much hin go cost? Location: Ajah/Lekki axis- here a bag of cement is 2000naira, and materials r a bit steep, with this in consideration, please do give me a rough estimate Thanks in advance

My best wild guess will be N2.1m, but me be proper novice in building.

[quote author=Opus-deii]If john's father is peter's father only son, who is john to peter Right answer wins a recharge card.....[/quote]His grandmother, send the rechard card and your contact and details to 090419419419

Ngodigha1: Since when has Alams become Igbo. It's a pity that this stinking pig called Madawaki01 cannot differentiate between an Igbo and non Igbo. Your education is a waste, get it right piggy.

Can you imagine the fuul? Just because someone can type on a keyboard does not give the fuul a right to claim to be sane or literate. Even dunces like madawakiaboki can claim to be sane, wonderfulllll!

Madawaki01: u talk as if u are beta in infastructure,didn't u live in igboland where u can find up to 24 knee deep potholes on a 5 kilometer road,a place where able bodied youth set up road blocks to collect money from motorists,in fact,u are d worst in infastructure,u hav d highest no of illiterates in igboland.aren't ur pple(igbos) d ones who came out in drove to welcome a corrupt leader(alamyesigha or what do u 2 call him)dis is a very concrete evidence showing how u lack education in ur region,

Igbos welcome alamesigha? Whoever said this is a murutum paffun!

The person who started this topic is just a bizaga, not just a common bizaga, he is a babizuan bizaga! idiotta

dayokanu: Can you mention one group that likes Igbos?

All the guardian angels, the holy ghost, virgin mary, Jesus Christ

Nemesis will continue to torture danjuma and gowon, the nemesis is called hausafulani. Good morning this evening Jos

[quote author=deal_ordea]What is wrong with this stupid igbos... Awo did what has to be done!!! Your warlord did what he think could favour his people but he never think deeply before limping into hot molten because he lack wisdom to think!! So don't blame AWO, put the blame on your warlord... You lost and will continue to be a minority in Nigeria as long as Nigeria exist... God bless Nigeria, God bless AWO...[/quote]Who opened the thread - yoruba
Who made the silly comment - yoruba
Who is complaining - yoruba

You are the ones whinning and wimping, the igbos dey their market jare.