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Nairaland Forum / Nairaland / General / Business / CBN Redesigns 200, 500 & 1000 Naira Notes (92498 Views)
It’s Been Approved By CBN’ — Banks Begin Dispensing Old ₦500, ₦1000 / We Did Not Authorise Commercial Banks To Collect Old ₦500, ₦1000 Notes - CBN / Emefiele: No Papers To Print ₦200, ₦500, ₦1000 New Notes (2) (3) (4)
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Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Dioceseofoyo: 3:04pm On Oct 26, 2022 |
Emefiele is the most confused Cbn governor. 1 Like |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by FaithBrain1994(m): 3:04pm On Oct 26, 2022 |
And about 500 billion naira will be spent therewith.. I ask, what will be the fate of those with savings at home? 1 Like |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by lamstands(m): 3:04pm On Oct 26, 2022 |
Wahala for bandit money 1 Like |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by floridam(m): 3:05pm On Oct 26, 2022 |
This is a good development! If the deadline for scrapping the old notes falls in the time of election, politicians who have stashed cash in different warehouses to bribe voters may not easily get cash. I believe a policy will be in place for whoever is changing so much notes to be refused or profiled. This also happened in Kenya just before the last election. This could be an attempt to discourage vote buying during election period. I see it as another attempt to discourage ransom payment with the digitization policy. 1 Like |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Nawttiboi007(m): 3:05pm On Oct 26, 2022 |
If you should hear the amount they use in doing this rubbish another looting in disguise 2 Likes 1 Share |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Zico777(m): 3:05pm On Oct 26, 2022 |
Wapgod:Abi o my brother! The governor is just too clueless. 1 Like |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Cmeo(m): 3:06pm On Oct 26, 2022 |
Redesigning Naira cannot help the problem at hand because they are many way to safe or hoard money now (even cryptocurrency). What will benefit everyone and help the value of naira now is to shrink it. |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Munzy14(m): 3:06pm On Oct 26, 2022 |
Romanoff:We still have to commend them for this.. You won't know some people pile up cash at home or else where except bank. This is a chess game targeted at them majorly politicians and BDC guys as election is coming closer. My issue is when they don't put sanctions or deadline on time. |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by BreconHills(m): 3:06pm On Oct 26, 2022 |
Kasssandra: I hope you are not suggesting that anyone asked CBN to change the currency. Because everything related to currency is the CBN and its printing affiliate the Nigeria Security Printing and Minting. |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by occfx: 3:07pm On Oct 26, 2022 |
Wapgod: Billions have passed away by now... The new president will suffer. Nigerians will hate the incoming president after one year in office. They will think he has collapsed Nigeria. 1 Like 2 Shares |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by PoliteActivist: 3:07pm On Oct 26, 2022 |
NaughtyBrainiac: That's because compared to the thief and drug dealer you are supporting he's actually more than a Saint! Understand now? |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by philiancoop(m): 3:08pm On Oct 26, 2022 |
It's to return the Arabic writings on N100 notes that Jonathan removed during the centenary anniversary. Buhari wants to do his moslem Fulani One last favour |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by PUMPIN11(m): 3:08pm On Oct 26, 2022 |
chisomkachy:Another money wasting venture....or should I say another money stealing concept.... To think that those three denominations affected are our best currency notes as far as texture and designs are concerned is the annoying part for me..... Hmmmm....It is well with Nigeria! 1 Like |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by ufuosman(m): 3:09pm On Oct 26, 2022 |
Wapgod:Another major cash out |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by nonix22(m): 3:09pm On Oct 26, 2022 |
Misplaced priority. Smh |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by budusky05(m): 3:09pm On Oct 26, 2022 |
I have a strong feeling this CBN guy is a very corrupt man, at a time like this when the economy is nose diving this what he has to offer Nigerians 1 Like 1 Share |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Nobody: 3:10pm On Oct 26, 2022 |
BreconHills: Well, if they want to change currency, they are free to do so...it does not bother me one bit.(I have lived through several changes...) But if we want a better value for the naira, we have to do things that are way beyond the remit of the CBN governor. 1 Like |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by OgaDeyVex: 3:10pm On Oct 26, 2022 |
Nawa o |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by ufuosman(m): 3:10pm On Oct 26, 2022 |
No vision |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by brainhgeek(m): 3:11pm On Oct 26, 2022 |
Good move if I must say. Those houses at kubwa, galadima et al., With no one living in them but built to store cash. It is time for their 'thief' owners to count their losses. |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Benchilwell: 3:11pm On Oct 26, 2022 |
Antoeni:Mr or Mrs are u sure wat u are saying,if it true that mean diz government and CBN governors must be crazy. 2 Likes |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by kingmsookwagh(m): 3:11pm On Oct 26, 2022 |
These people like activities o!! Which kind CORNTREE be this nah 1 Like |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by TripleAkutigi: 3:12pm On Oct 26, 2022 |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Stonerobaba(m): 3:12pm On Oct 26, 2022 |
chisomkachy: Blockhead...... Another avenue to mop the remaining treasury. 1 Like |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Igboslayer: 3:13pm On Oct 26, 2022 |
Romanoff:But una go school na…Redesigning the note will help recall all old notes, curb counterfeits and re-established the amount in circulation apart from the aesthetic values and other added security features… no be everything una go just open una mouth waaaa. 1 Like |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Igboslayer: 3:13pm On Oct 26, 2022 |
PUMPIN11:They will actually save money because not all the currency in circulation will be exchanged and they can have a tighter control of the Naira In circulation to help stem inflation . 1 Like |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Emmacy001: 3:13pm On Oct 26, 2022 |
chisomkachy: They better print this new one with one colour. So that money for colors in the old one will be used to solve other problems. |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Bigchristo: 3:14pm On Oct 26, 2022 |
Mynd44:So who wants to stash cash will be using Naira? That’s a very dull move, stash your money in Dollars even if they bring new notes the old one will be circulated for period of time before they finally scrap it |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Snitch24(m): 3:14pm On Oct 26, 2022 |
elimsun:you get the point bro it cost alot of money printing on those papers making it even more worthless with this news 800/1$ is inevitable |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Rilwayne001: 3:15pm On Oct 26, 2022 |
johnydon22: According to him, bulk of the currencies are outside the bank. i.e people are keeping billions of money at home rather than in the bank, which in turn is making it hard to financial flows in the country and hence affecting economic activities. Also when money isn't circulating because some people are keeping billions of cash in their apartments, it makes it hard for the CBN to know precisely how much of the currencies is in supply. And this makes it hard to them to make economic decisions. 1 Like |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Artzdanielsz(m): 3:15pm On Oct 26, 2022 |
They want put Buhari pic inside naira note make it fall very well. |
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Heffalump(m): 3:16pm On Oct 26, 2022 |
Romanoff: It is a means to loot Nigeria. Do you know how much they will later claim to have invested in this exercise? APC know something that we don't know. But then, nobody has the monopoly of knowledge. |
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