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Nairaland Forum / Nairaland / General / Business / Cbn To Release #5,000 Note By March 2014 (453 Views)
The Proposed 5000 Naira Note By The CBN Has Been Stopped By The Fed. Govt. / Ican Statement On The Introduction Of The Proposed N5000 Currency Note By Cbn / CBN To Introduce N5,000 Note (2) (3) (4)
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Cbn To Release #5,000 Note By March 2014 by aaron6190: 11:26am On Nov 27, 2013 |
The Central Bank of Nigeria, CBN, has said that Nigerians should expect a new generation of naira notes before the second quarter of 2014. Deputy Governor, Operations, Mr Tunde Lemo, said the apex bank had earlier announced its decision to move the local currency from polymer back to paper, but disclosed that all the notes in circulation would not be withdrawn at the same time. What do you guys think about it,drop your comments |
Re: Cbn To Release #5,000 Note By March 2014 by mekuilis(m): 11:42am On Nov 27, 2013 |
I just hope that retard and his clonies know what they are doing.... I mean that has never helped anything,look at Zimbabwe. |
Re: Cbn To Release #5,000 Note By March 2014 by olorunthobby(f): 11:47am On Nov 27, 2013 |
[b]This is practically bad economics. Nigeria does not need this at the interim. What the economy needs now is proper stabilization of the growth factors- reduction of inflation, reduction on unemployment rate, upward improvement in average household income through increase in minimum wage, reduction in bank rate, strong balance of payment account and trade surplus. Printing higher denomination of currency does not solve any economic problem. Countries that did it ended up in a massive economic catastrophe. Zimbabwe is a good case in point. NIGERIA DOES NEED THIS DISRUPTIVE CLIQUE SPONSORED AGENDA. What Nigeria needs badly is to revalue Naira and peg it to the US Dollar. This is the only miracle that will attract the attention of investors the world over. This will not be only a sign of progressive economic reform but a positive signal that Nigeria has become a fairly reliable destination for foreign direct investment. Why is Mallam Sanusi and his cohorts taking us on this deadly rollercoaster ride? If they do not have a clear vision of what to do to make Nigerian economy work like every other 21st century economy they should not be ashamed to let Nigerians know. I believe the major reason behind this is to facilitate political horse trading and make it easier for those that loot the public treasury to carry as much as they could with relative ease. It will be a smooth transition from “Ghana must go bags” to brief cases. I now see where they are coming from. Nigerians should not keep silent we are not in military dictatorship we are in democracy, more than that we have a listening president. Nigerians should occupy CBN till they do the right thing for the economy and Nigerians. Stop this stupid economic experiment before it hurts our economy badly.[/b] |
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