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Inflation Is Rising, Sanusi Do Something!!! by 4reigningqueen: 10:13am On Jul 08, 2013 |
Just last week,a bus from Iyana ipaja to Iyana Iba was one hundred and fifty naira but now,its two hundred naira. The last time i checked, fuel price per litre is still N97. So what caused the increase? The problem of fifty naira change. How did it start? The banks refused to give out smaller denominations but just N1000 notes. Before now, after collecting money from the banks, you must buy recharge cards to get change but now,they are also complaining of not having change. As a result of this, goods are becoming more and more expensive. Please ! Please !! And please!!! Do something. |
Re: Inflation Is Rising, Sanusi Do Something!!! by idumuose(m): 10:42am On Jul 08, 2013 |
The last time I checked CBN said they have stopped printing Polymer notes of #5,#10,20 and #50 notes and that new paper notes of the same denominations will be available in June. That was the reason they advanced for the scarcity of those notes.CBN said they have proscribed the printing of polymer Currency notes.Polymer notes fades easily and due to the way We mutilate currency notes in Nigeria,polymer notes cannot Withstand the stress with which Nigerians especially market Women,conductors,policemen(they collect bribe and squeeze the Notes into their pockects)and meat sellers handle the currency. The CBN said in it stead paper notes of the various denominations I mentioned above will be printed and circulated by june.We are In july and we have not heard from CBN. Who knows if Sanusi is doing this deliberately to punish us for our refusal to allow him print #5000 denomination. |
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