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Nairaland Forum / Nairaland / General / Business / FG Mulls Redenomination Option To Stabilise Naira (43098 Views)
Central Bank Interventions Will Stabilise Naira – Pwc / FG Mulls Unified Naira Exchange Rate Regime / $48b Forex Inflows, $45b Reserves Stabilise Naira (2) (3) (4)
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Re: FG Mulls Redenomination Option To Stabilise Naira by tachia406: 2:01pm On Aug 20, 2023 |
SpatialKing: You will soon heal from your pains of loosing 2023 elections. Wetin bring Tinubu come here? No be economic team de suggest am again? English hard sha! 2 Likes |
Re: FG Mulls Redenomination Option To Stabilise Naira by Kukutente23: 2:06pm On Aug 20, 2023 |
okeysoninv:And you think that's the end of the story abi 1 Like |
Re: FG Mulls Redenomination Option To Stabilise Naira by Lanretoye(m): 2:12pm On Aug 20, 2023 |
Racoon:90%of the populace are living below a dollar daily?shay make ogun kii you if this is false?.see your life...you never see anything,when you type out of your stupidity is when you begin foolish mistakes.you are simply implying that your household is wallowing in such abject poverty if 90% of the members of your household live on less than a dollar perday. |
Re: FG Mulls Redenomination Option To Stabilise Naira by okeysoninv: 2:13pm On Aug 20, 2023 |
Kukutente23:do you wish naira to continue degradig till it reach 3000 when salaries are not increasing 2 Likes |
Re: FG Mulls Redenomination Option To Stabilise Naira by Kukutente23: 2:23pm On Aug 20, 2023 |
FreeStuffsNG:It could have been done then because our fundamentals were quite strong. Single digit inflation almost zero debt, GDP growth rate of over 7%(higher than population growth rate) and forex reserve of over 60bn with favorable balance of trade. The fear then as it is now is the loss in stored value but that could have been savaged by importation which is a normal thing. How can the policy on ground be better implemented exactly in your estimation? Tinubu is being pro-West so I don't see him doing anything to hurt the dollar in Nigeria. 3 Likes 1 Share |
Re: FG Mulls Redenomination Option To Stabilise Naira by SpatialKing(m): 2:24pm On Aug 20, 2023 |
tachia406: I only want Nigerians like you to stop suffering... That's all 4 Likes 2 Shares |
Re: FG Mulls Redenomination Option To Stabilise Naira by Kukutente23: 2:26pm On Aug 20, 2023 |
okeysoninv:Redominating will not stop that. You forget money is essentially a store of value. What redominating simply does is to turn 1000 in your pocket to 100. Are you better off that way or worse off? It's deflation pro max. What needs to be done is simple. From Buhari to Tinubu simply lack the balls to take it head on. Without that, any other thing is cosmetic and will always backfire 1 Like 1 Share |
Re: FG Mulls Redenomination Option To Stabilise Naira by okeysoninv: 2:39pm On Aug 20, 2023 |
Kukutente23:atleast Ghana cedis is now stable. So ur jargons don't hold water, many nations has redominated there currency including Zimbabwe and Venezuela. And it worked for them. Not everything u guys will be criticizing. Many Nigeria workers are earning less than 20k since 2014 without correspondent increase in salary. 3 Likes 1 Share |
Re: FG Mulls Redenomination Option To Stabilise Naira by Mossadd: 3:01pm On Aug 20, 2023 |
okeysoninv:you are too dull fake pastor 1 Like |
Re: FG Mulls Redenomination Option To Stabilise Naira by Kukutente23: 3:11pm On Aug 20, 2023 |
okeysoninv:Ghana currency is stable ?? How did it work for Zimbabwe and Venezuela? It's obvious you don't know what you're talking about. 8 Likes 1 Share
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Re: FG Mulls Redenomination Option To Stabilise Naira by yetunsbay(m): 3:18pm On Aug 20, 2023 |
SpatialKing:at least not up to that of ur root 1 Like |
Re: FG Mulls Redenomination Option To Stabilise Naira by alphabbey1(m): 3:27pm On Aug 20, 2023 |
okeysoninv:You just put one of the 3 worst performing currencies in the world into one post and called them stable... 9 Likes
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Re: FG Mulls Redenomination Option To Stabilise Naira by Oakenshield: 3:30pm On Aug 20, 2023 |
Country without coins 😂🤣 and looking for ways to stabilize naira are dreaming. Due to our useless politicians and greedy lifestyle the removed coins in order to steal well. Because with coins in the economy larger denomination will be phase out and coins will check inflation instead of rounding up figures ,it will be increased by 1 or 2 naira,thereby if there is any increments it will be in kobo. Soludo wanted doing this all our useless NASS shouted the policy was dropped 4 Likes |
Re: FG Mulls Redenomination Option To Stabilise Naira by ChronicGp(m): 3:35pm On Aug 20, 2023 |
So my cheke li 8 million go become 80k?😳😃😊 |
Re: FG Mulls Redenomination Option To Stabilise Naira by BoldBrainz(m): 3:58pm On Aug 20, 2023 |
starstaz: What do you mean by "five words economic model"? |
Re: FG Mulls Redenomination Option To Stabilise Naira by BoldBrainz(m): 3:59pm On Aug 20, 2023 |
okeysoninv: Somebody should please tell this man that the three countries he just listed have economies that are gloomier than Greece even. 6 Likes |
Re: FG Mulls Redenomination Option To Stabilise Naira by BigIyanga: 4:03pm On Aug 20, 2023 |
Sol Emiefele is right after all.. these folks have nothing new to offer |
Re: FG Mulls Redenomination Option To Stabilise Naira by Godfullsam(m): 4:18pm On Aug 20, 2023 |
This naira redenomination policy will favor me and my family. ![]() ![]() 2 Likes 1 Share |
Re: FG Mulls Redenomination Option To Stabilise Naira by okechuks22: 4:20pm On Aug 20, 2023 |
Toothless bull dogs |
Re: FG Mulls Redenomination Option To Stabilise Naira by Yampotatocarrot(m): 4:21pm On Aug 20, 2023 |
budaatum: ...putting a plaster on blood poisoning... Damn, I just tried to imagine this... Still wondering how you came up with that analogy... Loooooooooooooooooooooooool 3 Likes 1 Share |
Re: FG Mulls Redenomination Option To Stabilise Naira by KanwuliaExtra: 4:22pm On Aug 20, 2023 |
CORN-fused ijjjiots! JAGABANOMICS of BU;LSHTE! ![]() |
Re: FG Mulls Redenomination Option To Stabilise Naira by Memphitz357: 4:22pm On Aug 20, 2023 |
Fools!!! Fools!! This current government is the largest conglomerate of Fools anywhere in the world!!! 1 Like |
Re: FG Mulls Redenomination Option To Stabilise Naira by Obierika(m): 4:24pm On Aug 20, 2023 |
Redenomination is not yest necessary at this point |
Re: FG Mulls Redenomination Option To Stabilise Naira by nwakibie3(m): 4:24pm On Aug 20, 2023 |
Trial and error government ![]() |
Re: FG Mulls Redenomination Option To Stabilise Naira by ivolt: 4:24pm On Aug 20, 2023 |
Tunubu will be the most foolish Nigeria president ever if he considers this. 2 Likes |
Re: FG Mulls Redenomination Option To Stabilise Naira by HeroicMeastro: 4:24pm On Aug 20, 2023 |
successmatters:Are you an illiterate or you are just naturally dumb? |
Re: FG Mulls Redenomination Option To Stabilise Naira by UnknownT: 4:25pm On Aug 20, 2023 |
I just want to dance, now what he and his team are doing is economics by trial and error. Elections have consequence 4 Likes 1 Share |
Re: FG Mulls Redenomination Option To Stabilise Naira by Jsucre(m): 4:29pm On Aug 20, 2023 |
jackcanfield:gbam |
Re: FG Mulls Redenomination Option To Stabilise Naira by OLOKOESHIN: 4:29pm On Aug 20, 2023 |
successmatters:Eran |
Re: FG Mulls Redenomination Option To Stabilise Naira by BenedictAbajue(m): 4:30pm On Aug 20, 2023 |
okeysoninv:Is this really possible? So if naira becomes #1000 per a dollar and 1paint of garri is #1000. After removing a zero from the currency, I will carry #100 note and give the garri seller for one paint and he will collect!. Its really weird. This would mean that inflation is not really a threat. Since we can easily redenominate our currency when it loses too much of its value. 3 Likes |
Re: FG Mulls Redenomination Option To Stabilise Naira by shevon: 4:30pm On Aug 20, 2023 |
So, they learnt nothing from when Ghana did it? |
Re: FG Mulls Redenomination Option To Stabilise Naira by lexy2014: 4:32pm On Aug 20, 2023 |
jmoore: 1 Like 1 Share
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