This is how we sell fake things in Nigeria? Special advertisement.

Lumig:

Some Nigerians will not like this kind of thing, it will deny them the leverage they've been having over the FG and their fellow citizens.
I pray this comes to reality other than a wish or prediction

Why not 1$ to 1 naira they promised you in 2015?
Where will temporary artificial mean of currency stability will take us to, the same way they were busy pumping dollar just to keep naira below 450 to dollars temporary and after the can't continue we see naira jump to 800+
The only way forward is not day dreaming but good economy building and policies, no nation can achieve that when the don't take Security and Power sector serious.

Can dey tell us how much dey spend or will spend on the redesign of nigerian money

Weirdcamila:
Nigeria will frustrate you
Wahala for those that bought dollars

wahala for you that still believes anything a public Nigerian figure says, you better wise up

ppogba:
The value of any currency is not determined by wishful thinking.

Somebody should wake Aboki up from his slumber.

If you say a Dollar can't equal a Naira. I can relate to that. Stop being rigid and sentimental in your response, this isn't your normal household affairs. Redesigning currency is a salient medium for the financial system to have control of liquidity (money SS). In so doing, this liquidity control will help to strengthen the financial system which would thereby have a sound multiplier effects in the economy at large.

Alexbio:


If you say a Dollar can't equal a Naira. I can relate to that. Stop being rigid and sentimental in your response, this isn't your normal household affairs. Redesigning currency is a salient medium for the financial system to have control of liquidity (money SS). In so doing, this liquidity control will help to strengthen the financial system which would thereby have a sound multiplier effects in the economy at large.

My argument remains that the value of a country's currency is not determined by wishful thinking. What is rigid and sentimental in that? Someone opened his mouth just that he too will be heard and said Naira/ Dollar rate with come down to N200 ( from at least N450 official rate not to talk of the black market rate of about N700) simply because the Naira was re- designed and you want me to swallow that hook,line and sinker? Wonderful.

To the Money supply and liquidity theory you are bringing into the argument, I will like you to show with concrete evidence the contribution of the excess money in supply and the present woe of the Naira.
Oga, even if the authority have to control of liquidity, without a deliberate synergy between the monetary and fiscal authorities, without enough earnings in USD, with the mad rush for forex in pursuance of all what not by Nigerians, telling us the liquidity nonsense is begging the question.

Finally sir, I may be on Nairaland. I am a bit above the " lay man" without being immodest.

ppogba:


My argument remains that the value of a country's currency is not determined by wishful thinking. What is rigid and sentimental in that? Someone opened his mouth just that he too will be heard and said Naira/ Dollar rate with come down to N200 ( from at least N450 official rate not to talk of the black market rate of about N700) simply because the Naira was re- designed and you want me to swallow that hook,line and sinker? Wonderful.

To the Money supply and liquidity theory you are bringing into the argument, I will like you to show with concrete evidence the contribution of the excess money in supply and the present woe of the Naira.
Oga, even if the authority have to control of liquidity, without a deliberate synergy between the monetary and fiscal authorities, without enough earnings in USD, with the mad rush for forex in pursuance of all what not by Nigerians, telling us the liquidity nonsense is begging the question.

Finally sir, I may be on Nairaland. I am a bit above the " lay man" without being immodest.

I actually do understand your perception without prejudice. I'm an authority in this area without pomposity. However, I don't want you to write-off the stance of the EFCC Boss because he is also one of the ingredients of the economy components (say Nigeria), this is very important. Every organ of the government plays a very vital role in the economy not just the Treasury or Reserve Bank as you posited, the households industries etc are also part and parcel and of economic anatomy (macro). Here is my point, That I don't refute squarely the view of the EFCC Boss as to his prediction for the exchange rate. That the Naira Redesigning is beyond change of colour based on lay man views out there but a hybrid monetary policy aimed at addressing inflation esp., corruption, insecurity etc. Liquidity control is relatively what the Reserve Bank (In Nigeria) needs to regulate money supply in the economy (credit control). Financial syestems and institutions become robust when there is sound credit control. This's why advance world has adopted cashless policy which as consequently ensured them strong financial systems and made them to contain multifaceted economic problems even beyond. In Nigeria, you have cash economy in place infact, less than 40 percentage of our population are integrated in to the banking system, even the aforesaid percentage some of them hoard money in cash, so how do you expect the Treasury and Reserve Bank to be doing miracles!? Nigeria has good economic policies and advices but lack appraisal and implementation. I enjoin the country to get it right someday.