ifeci:

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?

Echidime: We are talking about Economy and 5000 Notes some useless people are here talking about the wringkles in SLS forehead,how silly some people can be.

This man will have my Vote any day he comes out for President of Nigeria. This is the kind of leaders we need in this country,a leader who careless of public opinion but does what is right for the benefit of the nation. Most politicians are against this 5000 notes because it will go against their evil plans

Remii:

I think coins are rejected because of their very low values as of now, in Cote D'Ivoire a drop of taxi is 200cfa, their money up to 500cfa are in coins and they happily spend them. Nigerians need to make policies work.

Echidime: We are talking about Economy and 5000 Notes some useless people are here talking about the wringkles in SLS forehead,how silly some people can be.

This man will have my Vote any day he comes out for President of Nigeria. This is the kind of leaders we need in this country,a leader who careless of public opinion but does what is right for the benefit of the nation. Most politicians are against this 5000 notes because it will go against their evil plans

Echidime: We are talking about Economy and 5000 Notes some useless people are here talking about the wringkles in SLS forehead,how silly some people can be.

This man will have my Vote any day he comes out for President of Nigeria. This is the kind of leaders we need in this country,a leader who careless of public opinion but does what is right for the benefit of the nation. Most politicians are against this 5000 notes because it will go against their evil plans

Echidime: We are talking about Economy and 5000 Notes some useless people are here talking about the wringkles in SLS forehead,how silly some people can be.

This man will have my Vote any day he comes out for President of Nigeria. This is the kind of leaders we need in this country,a leader who careless of public opinion but does what is right for the benefit of the nation. Most politicians are against this 5000 notes because it will go against their evil plans

PhysicsQED: [img]https://www.nairaland.com/attachments/821750_Sanusi-Lamido-Sanusi_jpgd7f4b1946fe00e56d3dcc41ebe7744dd[/img]

Why is this man's forehead so wrinkly? He's only 51.
U wönt blame him jare! Naija's problem is overburdened on him.Him sef no dey hear word!
Every time I come across a picture of his overly wrinkled forehead I cringe a little.

usbcable: does any one have records of what Soludo gave as reasons for changing 1 naira and fifty kobo to coins?

we all know hat happened after but if you have links as to what he said before the change as per the usual economic jargos: monetary policy, inflation, currency dynamics bla bla bla bla.

lets have it and see if they are any different from what General Sanusi is saying now.

Singalex:
Im sorry you sound educated but at the same time you seem like an idi0t..comparing nigeria(a developing country)with countries like japan and usa(developed countries).pls mr "know it all" how many times have you ever used coins 2 purchase somthing b4?redominate the naira to low currencies and people will be forced to use the coins but when its high nobody cares abt the coins anymore thereby leading to the extinction of those money which in return will cause inflation,something we afraid of..pls dnt say more mr educated idi0t.thanks

mathskill: My guy, e be like say dis guy vex you well well no be small.

ujchief:
inasmuch as sls claims no one has made a valid arguement against the N5k note, we're waiting on him to clarify the issue raised above. 'how does the new N5k note fit into his new cashles policy?' how could he make two divergent policies that contridict each other so much that its easy to see? I aint an economics, but i know economical bul.lsh!t when i see one.

werepeLeri:

So, the price of pure water is what you based your argument on? How much was pure water sold before? 1Naira?

So because there is coin in a nation's currency, price will jump up? Or I dont geddit. Why is there 1p coin in GB and 1 cent in USA? Enlighten me but not with pure water - abeg.

Is it by force you carry the 5000 Naira note?

billante:

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.

Reference: 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.