We have been having these arguments ever since 50 Naira note came out. Over and over - some kids here just want to be seen to be talking.

Sealeddeal: This is the kind of person Nigeria need who doesnt care what fools will say.Sanusi is the man.

hahaha illitrate bad no b small, wat did u no abt policy? Mr sabi.learn 2 convice pple nt imposin.as far as sharia law no work dis one wil fail also

mbhs139:

Yeah! You have a point there. And I was about saying the same thing.

Let me just add that later in life, posterity will judge him.

Quiet frankly, I don't have issues with the N5000 thing but the redinomination of some currencies to coins. That's where I see some infractions. We all have the experience with N1 and K50. That's my fear.

. Thank u. Yoruba wl say won fi ete sile, won pa lapalapa(hlp interpret). What ppl shld b fighting for is d coins stuf nt #5k intro. What has happened to 5k,50k,#1 and d likes.

Frank-C:
I have my issues with Sanusi but if someone is nominated for a job and screened by our Senate and found worthy of such office, we should be gracious enough to let them DO THE JOB. The law has empowered this guy, by virtue of his office to take decisions .

wel wel wel if sanusi wake up n say we shud return 2 trade by batter u guys wil fellow him bcoz he is empowered,humm.am tired of pple wit l.ow I.Q

Billyonaire:

* Firstly, Your change will be 4,900 or 4,800 naira respectively: This is elementary arithmetics and a 3 years old kid can solve that, yet you didn't know. So you have an IQ of a kid less than 3 yrs old.
* You said inflation is caused by fluctuation in exchange rate, YET, you are IGNORANT of what causes "fluctuation" of exchange rate. It is called the LAW OF DEMAND AND SUPPLY, and in this context, the demand/supply of the foreign currencies. The demand of currencies are high when big earners demand more foreign currencies, mumu! Let me explain again. Nigerians buy billions of dollars/pounds/euros daily (1) With the cashless policy, there is a limit what how much your bank can pay/accept without charges and since our mindsets had been wired to cash economy, we still find ourselves searching for cash to make huge purchases like cars etc, so we keep looking for a way to carry this cash around by buying alternative valuable legal tender that has little or no cash limitation and thats where foreign currencies come in handy. For example, I needed to pay 8m for something last week and I could not get draft, what I did was buy $50,000 dollars in cash (which happened to be just a small bundle) compared to naira and I paid the seller. People also buy dollars/pounds/euro to save in their Dom Accounts cos its more stable storing funds in more stable currencies. This is what causes the high demand of hard currencies which leads to devaluation of Naira and the attendant inflation. Mumu, Central Bank is indeed doing the right thing by introducing higher denominations. It is like using 1 stone to kill 2 birds. Instead of increasing taxation to fight inflation which will hurt the economy, it genius to mint higher value notes.
* I think you are stvpid to bring up the issue of monetary/price inflation, cos I dont think you actually know what you are talking about, when CBN is mopping up excess notes and introducing a higher denomination, only a brain fellow like you will be asking that silly question. Nematode!
* The Idea of a parallel economy is as shallow as your knowledge of your village. Only God will save you from your ignorance. Stop smoking weeeeeeds....Get a job and stop thinking poverty.

u have just summarized ur foolishness in this post! when u r giving me a change of #4900, is that not giving me an avenue to still carry excess notes as opposed to the cashless policy? ur analysis of big spenders storing money in dollars is also very foolish, the main buyers of dollars/pounds/euros are importers who have to pay for goods with those foreign currencies because naira is not accepted and because Nigeria is an import dependent country, you can imagine the volume of containers that land in our ports and the dollar equivalent. the solution to exchange rate issues has never been to print more monies or higher denominations but to develop the local economy. the big spenders you mentioned in Nigeria are obviously the corrupt politicians who are looking for ways to hide their theft and with the introduction of #5000 note, Sanusi will be giving them more opportunities because they can store up large sums without the help of banks, they can transact and buy expensive mansions without the need for banks making their looting activities untraceable. they can also spend these monies freely as it is the countries local currency as opposed to dollars which they can't spend freely

Honestly speaking, Naira needs to be re denominated somehow, either by removing some zeros as attempted by Soludo or printing higher denomination as currently being proposed by Sanusi. Soludo style seems better. N1000 is equal to 6USD or 4PDS at that value, N100 is about 65cents. We all know that UK has 2PDS coins ~N500. If the higher denominations are created with N50 coins, as being proposed, it should not lead to inflation, provided Nigerians are ready to resist traders antics, since there income will remain same. Nigerians need to work on attitude of spending higher denominations too. 50PDS and 100USD are not freely spent in UK and US respectively. CBN should be careful not to flood the system with proposed N5k notes too.

Remii: Honestly speaking, Naira needs to be re denominated somehow, either by removing some zeros as attempted by Soludo or printing higher denomination as currently being proposed by Sanusi. Soludo style seems better. N1000 is equal to 6USD or 4PDS at that value, N100 is about 65cents. We all know that UK has 2PDS coins ~N500. If the higher denominations are created with N50 coins, as being proposed, it should not lead to inflation, provided Nigerians are ready to resist traders antics, since there income will remain same. Nigerians need to work on attitude of spending higher denominations too. 50PDS and 100USD are not freely spent in UK and US respectively. CBN should be careful not to flood the system with proposed N5k notes too.

God bless you.

But they will say - Nigerians dont like spending coins - so, phase coins out.

ifeci:

[size=16pt]u have just summarized ur foolishness in this post![/size] when u r giving me a change of #4900, is that not giving me an avenue to still carry excess notes as opposed to the cashless policy? ur analysis of big spenders storing money in dollars is also very foolish, the main buyers of dollars/pounds/euros are importers who have to pay for goods with those foreign currencies because naira is not accepted and because Nigeria is an import dependent country, you can imagine the volume of containers that land in our ports and the dollar equivalent. the solution to exchange rate issues has never been to print more monies or higher denominations but to develop the local economy. the big spenders you mentioned in Nigeria are obviously the corrupt politicians who are looking for ways to hide their theft and with the introduction of #5000 note, Sanusi will be giving them more opportunities because they can store up large sums without the help of banks, they can transact and buy expensive mansions without the need for banks making their looting activities untraceable. they can also spend these monies freely as it is the countries local currency as opposed to dollars which they can't spend freely

Remii: Honestly speaking, Naira needs to be re denominated somehow, either by removing some zeros as attempted by Soludo or printing higher denomination as currently being proposed by Sanusi. Soludo style seems better. N1000 is equal to 6USD or 4PDS at that value, N100 is about 65cents. We all know that UK has 2PDS coins ~N500. If the higher denominations are created with N50 coins, as being proposed, it should not lead to inflation, provided Nigerians are ready to resist traders antics, since there income will remain same. Nigerians need to work on attitude of spending higher denominations too. 50PDS and 100USD are not freely spent in UK and US respectively. CBN should be careful not to flood the system with proposed N5k notes too.

i like ur write up but comparing the economies of US and GB with Nigeria will a be faulty analogy because these guys have already existing facilities that will accept coins, u can buy drinks, gas etc and pay with coins, or go to the bank and deposit coins cos u hv machines installed to accept that form of payment but in Nigeria, where do u spend that, even Banks reject coins talk less of sellers on streets and in the market or transporters, how wld the carry it? how can they easily convert or store it without having to carry dt bulky stuff around?

ifeci:

i like ur write up but comparing the economies of US an GB with Nigeria will be faulty analogy because these guys have already existing facilities that will accept coins, u can buy drinks, gas etc and pay with coins, or go to the bank and deposit coins cos u hv machines installed to accept that form of payment but in Nigeria, where do u spend that, even Banks reject coins talk less of sellers on streets and in the market or transporters, how wld the carry it? how can they easily convert or store it without having to carry dt bulky stuff around?

EXACTLYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY MY POINT !!!!!!!!!!!!!

Frank-C:
I have my issues with Sanusi but if someone is nominated for a job and screened by our Senate and found worthy of such office, we should be gracious enough to let them DO THE JOB. The law has empowered this guy, by virtue of his office to take decisions that will advance the country economically and what he is doing is within the limit of his powers, so lets not do his job for him...let him do the job we put him there to do!!! This place is not a jungle.

By printing more valueless naira notes,you and your sanusi should know that other countries are reducing their zeros, while you are adding yours.Was this not the same currency the past Governor of the Central Bank, Prof Charles Soludo wanted to reduce the zeros? now your SLS is increasing it to make it more effective.Continue supporting him,we shall see later.

2 b frank, iam not happy with d manner my colleaques ar respondin 2 issues I consider serious 2 d survival of nigeria. A lot of people hia are intellectualy lazy, playing d ethnic card and at all times allowing dia emotions 2 control dia sense of reasonin. Its a shame. If we continue dis way, I wil pack my load an leave dis forum.I swear!

GARRI (x7):

Who is AUTONOMY

I beliv u mean, wat is AUTONOMY, didn't u go to school or don't u av a dictionary at home??

ifeci:

u have just summarized ur foolishness in this post! when u r giving me a change of #4900, is that not giving me an avenue to still carry excess notes as opposed to the cashless policy? ur analysis of big spenders storing money in dollars is also very foolish, the main buyers of dollars/pounds/euros are importers who have to pay for goods with those foreign currencies because naira is not accepted and because Nigeria is an import dependent country, you can imagine the volume of containers that land in our ports and the dollar equivalent. the solution to exchange rate issues has never been to print more monies or higher denominations but to develop the local economy. the big spenders you mentioned in Nigeria are obviously the corrupt politicians who are looking for ways to hide their theft and with the introduction of #5000 note, Sanusi will be giving them more opportunities because they can store up large sums without the help of banks, they can transact and buy expensive mansions without the need for banks making their looting activities untraceable. they can also spend these monies freely as it is the countries local currency as opposed to dollars which they can't spend freely

You are pro-poverty, pro-economic illiteracy. You will be left behind, because you lack basic knowledge of Economic Growth Monitoring Indices due to your m0r0nic sense of micro/macro economy strategic policies. The measure of a country's growth can best be ascertained by macro economics indices and not by how much pure water you bought, and how much change a market woman receive when she sold pepper. People like you need to move to Somalia and form a faction of pirates and get killed by stray bullet cos you are not worth being the target of a sniper. You sit down in a badly lit apartment typing your ignorance out there and not ready to learn from people who study economics and work in banks and other financial services sector for the greater part of their lives. Sanusi is a trained, tested and trusted banker. Neither your chauvinistic sense of economy nor your stagnant mentality will stop Nigeria and progressive Nigerians from moving forward, I think you have have a stagnant and dormant IQ , so backward and archaic mentality you inherited from your pedigree. You keep derailing threads, and talking about about how politicians steal cash as if corruption will start when 5k note is introduced. When Abacha, IBB etc looted the economy, was there even 1k Naira note? No, it was by the use of foreign currencies and thats what CBN is trying to stop by augmenting the status of the Naira. People like you make me feel that freedom of speech should be taken away, cos it gives an avenue for non-savvy forumites to even think that what you saying has iota of fact. I based all my postulates on facts and illustrations, yet, you dont tell me how 5k note will cause inflation, you also refuse to tell me how it will promote corruption in political offices. So when you say foreign currencies are bought by importers, are you saying importers carry foreign currencies in cash to abroad. I mean you are plain stvpid, I have done lots of foreign transfers to ship in goods but bro, you dont send cash abroad, its called Wire Transfer, it is a telex messaging platform. So actually, much of the cash, moves within the system and it is why the systems needs to be mopped of excess liquidity in form of foreign currencies, if not, you will see us buying chewing-gum with dollars in the next few years when our currency is dead and buried. Thumps up the CBN for this move. It is what is needed to keep naira above others.

This sanusi man should increase the interest rates, that is how central banks fight inflation and not by introducing 5000 naira note. Who benefits from low interest rates? Can the average Nigerian get a loan of any sort from a bank today? If he introduces this new bill the next cbn governor will introduce a 10000 naira bill and that's is how nigeria will become the next zimbabwe. I believe sanusi is an economist so he should know and understand what I am saying. The fg says our economy is growing at a rate of over 6%. The only negative an economy can have from raising interest rates is a reduced growth in GDP. The average nigerian has been in a perpetual recession for the last 5 years so raising interests rates will have no effect on us. Inflation is killing all of us as we can see from the ever growing price of g.arry. So sanusi needs to be the cbn governor for Nigeria and not the elite few.

Billyonaire: You are pro-poverty, pro-economic illiteracy. You will be left behind, because you lack basic knowledge of Economic Growth Monitoring Indices due to your m0r0nic sense of micro/macro economy strategic policies. The measure of a country's growth can best be ascertained by macro economics indices and not by how much pure water you bought, and how much change a market woman receive when she sold pepper. People like you need to move to Somalia and form a faction of pirates and get killed by stray bullet cos you are not worth being the target of a sniper. You sit down in a badly lit apartment typing your ignorance out there and not ready to learn from people who study economics and work in banks and other financial services sector for the greater part of their lives. Sanusi is a trained, tested and trusted banker. Neither your chauvinistic sense of economy nor your stagnant mentality will stop Nigeria and progressive Nigerians from moving forward, I think you have have a stagnant and dormant IQ , so backward and archaic mentality you inherited from your pedigree. You keep derailing threads, and talking about about how politicians steal cash as if corruption will start when 5k note is introduced. When Abacha, IBB etc looted the economy, was there even 1k Naira note? No, it was by the use of foreign currencies and thats what CBN is trying to stop by augmenting the status of the Naira. People like you make me feel that freedom of speech should be taken away, cos it gives an avenue for non-savvy forumites to even think that what you saying has iota of fact. I based all my postulates on facts and illustrations, yet, you dont tell me how 5k note will cause inflation, you also refuse to tell me how it will promote corruption in political offices. So when you say foreign currencies are bought by importers, are you saying importers carry foreign currencies in cash to abroad. I mean you are plain stvpid, I have done lots of foreign transfers to ship in goods but bro, you dont send cash abroad, its called Wire Transfer, it is a telext messaging platform. So actually, much of the cash, moves within the system and it is why the systems needs to be mopped of excess liquidity in form of foreign currencies, if not, you will see us buying chewing with dollars in the next few years when our currency is dead and buried. Thumps up the CBN for this move. It is what is needed to keep naira above others.

Good guy - I love the somalia part.

[color Hi dear Governor, I appreciate your effort but we are taken, and talking from Nigerian past experiences that we don't all that cherish the use of COINS but if only the N5000 to be introduced could be printed in COINS [/size][/color]

werepeLeri:

Good guy - I love the somalia part.

I cant believe those guys went to school bro. I do not even think they have done any business above 5m naira. I wonder why people with no financial acumen and experiences keep discussing issues they know little or nothing about. The m0r0n told me that importers buy foreign currencies but does not know that when importers buy foreign currencies, the funds are paid into our banks using domiciliary account and wired, meaning the cash money remains in our system. He used a blind fact, to challenge me. He is grand commando of the nematodes.

mymadam:

GEJ, are you listening? Is this really true? Mr. President, please quickly do 'something, anything' right away to put SLS in his place. Or better still, kindly put Nigeria 'back on track'. Yes, Nigerians feel for you... but YOU chose to be President. Sir, you will therefore need to solely 'carry your cross' as we truck on to the promised land. God bless Nigeria.

My point exactly, the highlighted portion above is what I think we should look at here because SLS was seriously dissing this administration (including his boss). Whether we think he is right or wrong is up to us, but that some whooping for the GEJ administration.

Billyonaire: I cant believe those guys went to school bro. I do not even think they have done any business above 5m naira. I wonder why people with no financial acumen and experiences keep discussing issues they know little or nothing about. The m0r0n told me that importers buy foreign currencies but does not know that when importers buy foreign currencies, the funds are paid into our banks using domiciliary account and wired, meaning the cash money remains in our system. He used a blind fact, to challenge me. He is grand commando of the nematodes.

LOL.

If this 5,000 note is released eh, sanusi will hear from me

Billyonaire: You are pro-poverty, pro-economic illiteracy. You will be left behind, because you lack basic knowledge of Economic Growth Monitoring Indices due to your m0r0nic sense of micro/macro economy strategic policies. The measure of a country's growth can best be ascertained by macro economics indices and not by how much pure water you bought, and how much change a market woman receive when she sold pepper. People like you need to move to Somalia and form a faction of pirates and get killed by stray bullet cos you are not worth being the target of a sniper. You sit down in a badly lit apartment typing your ignorance out there and not ready to learn from people who study economics and work in banks and other financial services sector for the greater part of their lives. Sanusi is a trained, tested and trusted banker. Neither your chauvinistic sense of economy nor your stagnant mentality will stop Nigeria and progressive Nigerians from moving forward, I think you have have a stagnant and dormant IQ , so backward and archaic mentality you inherited from your pedigree. You keep derailing threads, and talking about about how politicians steal cash as if corruption will start when 5k note is introduced. When Abacha, IBB etc looted the economy, was there even 1k Naira note? No, it was by the use of foreign currencies and thats what CBN is trying to stop by augmenting the status of the Naira. People like you make me feel that freedom of speech should be taken away, cos it gives an avenue for non-savvy forumites to even think that what you saying has iota of fact. I based all my postulates on facts and illustrations, yet, you dont tell me how 5k note will cause inflation, you also refuse to tell me how it will promote corruption in political offices. So when you say foreign currencies are bought by importers, are you saying importers carry foreign currencies in cash to abroad. I mean you are plain stvpid, I have done lots of foreign transfers to ship in goods but bro, you dont send cash abroad, its called Wire Transfer, it is a telex messaging platform. So actually, much of the cash, moves within the system and it is why the systems needs to be mopped of excess liquidity in form of foreign currencies, if not, you will see us buying chewing-gum with dollars in the next few years when our currency is dead and buried. Thumps up the CBN for this move. It is what is needed to keep naira above others.

watching too many movies is bad! it can take u away from reality! if by now u don't know wot parallel economy is, then i shldn't be having this discussion with an ingrate like you. weren't u in Nigeria or mayb u took a quick trip to the moon when it was discovered that some public officers hid monies in their houses to the tune of an alarming #2Billion! so if u introduce a high denomination like #5k, wldn't a room that contained #2b now contain #40billion? simple arithmetic! and because lump sums are easy to carry, they can carry #200million in a briefcase and buy the next available mansion at a glance of likeness. I tried to enlighten u on the part of importers because you thought that "ur big spenders" are the biggest patronizes of FX but it seems u r too daft to understand some simple clarifications and to bottle up ur mumuness, u tried to explain wire transfers from ur daft understanding. so, when u want to import goods from abroad, u send ur "wire transfer" and the exporter experiences some electronic "shock" or impression which tells him that u have paid and then he snds u the goods. clearly, u dnt even understand the dynamics of things before u dive into them.

ifeci:

watching too many movies is bad! it can take u away from reality! if by now u don't know wot parallel economy is, then i shldn't be having this discussion with an ingrate like you. weren't u in Nigeria or mayb u took a quick trip to the moon when it was discovered that some public officers hid monies in their houses to the tune of an alarming #2Billion! so if u introduce a high denomination like #5k, wldn't a room that contained #2b now contain #40billion? simple arithmetic! and because lump sums are easy to carry, they can carry #200million in a briefcase and buy the next available mansion at a glance of likeness. I tried to enlighten u on the part of importers because you thought that "ur big spenders" are the biggest patronizes of FX but it seems u r too daft to understand some simple clarifications and to bottle up ur mumuness, u tried to explain wire transfers from ur daft understanding. so, when u want to import goods from abroad, u send ur "wire transfer" and the exporter experiences some electronic "shock" or impression which tells him that u have paid and then he snds u the goods. clearly, u dnt even understand the dynamics of things before u dive into them.

Congratulations for graduating from Village High School to Kindergarten. You are not worth my time. You belong to the class of my house-boy! No, my house-girl. I have made my points, look at those threads for the answers to your endemic ignorance. Does it run in the blood ? When you start dealing on FX transactions, then you can start talking to me, for now, you are talking about people who import and I am educating you as an active player. Poor thing!

Billyonaire: Congratulations for graduating from Village High School to Kindergarten. You are not worth my time. You belong to the class of my house-boy! No, my house-girl. I have made my points, look at those threads for the answers to your endemic ignorance. Does it run in the blood ? When you start dealing on FX transactions, then you can start talking to me, for now, you are talking about people who import and I am educating you as an active player. Poor thing!

u r a fool! and in ur life time which is now nearer to the end than the beginning, u can never match up with the practical experience that I hv in that field. I am not boasting but jst dt I am better than u on that subject, Crystal!

See how he is talking with power..... Power corrupts

Sanusi can do whatever he likes with cbn AS LONG AS he is held accountable to his mistakes/shortcomings/wastes with a sizeable jail term because he cannot refund Nigeria. My point it, we have enough hungry people here for some economist to sit in his million dollar office and make laws that affects over 160million people. Office holders should be held accountable, if we don't agree and you insist, then your freedom should be at stake. He should spend the rest of his life in jail if he wastes these money, I'm sure he will

Sealeddeal: This is the kind of person Nigeria need who doesnt care what fools will say.Sanusi is the man.

guy are you drunk ? 75% of nigerians said no to the policy ,yet animal like you are sayn trash .

What does this plan has to do with the new cashless policy ?

IF REALLY CBN WANT THIS COUNTRY TO MOVE FORWARD ,THEN LETS THEM MAKE 1NAIRA , 5NAIRA ,10NAIRA ,20NAIRA ,50NAIRA AND 100NAIRA NOTES AND THEN MAKE 200 ,500 ,1000 AND THE USELESS 5000 COINS AND SEE IF NIGERIA WILL NOT CHANGE FOR BETTER WITHIN 6MONTH.

CRIMINALS

Themaingate:

guy are you drunk ? 75% of nigerians said no to the policy ,yet animal like you are sayn trash .

What does this plan has to do with the new cashless policy ?

IF REALLY CBN WANT THIS COUNTRY TO MOVE FORWARD ,THEN LETS THEM MAKE 1NAIRA , 5NAIRA ,10NAIRA ,20NAIRA ,50NAIRA AND 100NAIRA NOTES AND THEN MAKE 200 ,500 ,1000 AND THE USELESS 5000 COINS AND SEE IF NIGERIA WILL NOT CHANGE FOR BETTER WITHIN 6MONTH.

CRIMINALS

Oh, waoo, so Nigeria has her own Aristotle! Many will find this post funny or impracticable, but let's think deep about the overall effect. Home-grown democracy at work? Yes, it may be hypothetical, but it's something to digest. Food for thought indeed. I hereby propose a National Award for the poster. God bless Nigeria.

I am improving the efficiency of the banking system and currency operations.

**Is it popular? I don’t know and frankly don’t care.

**I have a job to do and will do it.

**If I am the target of criticism by Nigerians, they are wasting their time

This is the latest response from the Central bank of Nigeria (CBN) governor, Malam Sanusi Lamido Sanusi on his intended introduction of N5,000 notes and why he will not back down on the policy, irrespective of its unpopularity and rejection by Nigerians.

“My job is to do my best in whatever circumstanceI find myself. I did not choose this time to be CBN governor. If we have fiscal leakages and reserves are crashing and naira weakening I have to tighten naira supply. Interest rates go up everyone attacks SLS. But you can have low rates with high inflation, a weak naira and no reserve buffers. You can’t eat your cake and have it. I am improving the efficiency of the banking system and currency operations. Is it popular? I don’t know and frankly don’t care. I have a job to do and will do it.


The problem is that the CBN is the only institution doing anything. Roads are not being built. We have no new airports. No progess on new power plants. No rail lines. So every time we do something all hell breaks loose.


Governance is not about seeking popularity. The only thing that will stop this is a solid argument proving that the costs outweigh the benefits. But when people start fabricating falsehood such as those claiming a bill of N40b for new notes they obviously are not interested in the nation or policybut have other targets.
If I am the target I wish them luck. But they are wasting their time”. – Sanusi


GBAM U have said it all

Stupid animal...

Themaingate:

guy are you drunk ? 75% of nigerians said no to the policy ,yet animal like you are sayn trash .

What does this plan has to do with the new cashless policy ?

IF REALLY CBN WANT THIS COUNTRY TO MOVE FORWARD ,THEN LETS THEM MAKE 1NAIRA , 5NAIRA ,10NAIRA ,20NAIRA ,50NAIRA AND 100NAIRA NOTES AND THEN MAKE 200 ,500 ,1000 AND THE USELESS 5000 COINS AND SEE IF NIGERIA WILL NOT CHANGE FOR BETTER WITHIN 6MONTH.

CRIMINALS

Majority are not always correct all the time, especially when argument are not based totally on facts, at least Galileo Galli proved that with free fall bodies of diiffrent sizes and center of universe being the sun. We need to discuss with facts and figures. The only issue is that politicians do others things that do not make economic theories work in Nigeria. I suggest we respect opposing views, there is no issue that can be solved with only one solution.

Very interesting debate so far. One question though. If the higher denotes are for high value transactions, imports and BDC's of sorts, please can anyone tell me why these group isn't at the forefront of cashless. Surely their turnover and sophistication should afford them a host of media and exotic payment toys. But pity the vendor in traffic after munching his gala and sticking that evil note in his face. Maybe SLS expects them to invest in PoS terminals while the big boys do cash. Funny. Oya debate.