Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,184,300 members, 7,923,367 topics. Date: Saturday, 17 August 2024 at 02:10 AM

CBN Redesigns 200, 500 & 1000 Naira Notes - Business (6) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Redesigns 200, 500 & 1000 Naira Notes (92045 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)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (11) (Reply) (Go Down)

Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Revolva(m): 3:17pm On Oct 26, 2022
useless country make dem de redesign money de go de waste more money
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by AngelicBeing: 3:17pm On Oct 26, 2022
VeryWickedMan:



Anybody wey stash up naira notes suppose wear chain for Yaba left.
Gbamsulotely, you are indeed a very wicked man, hahaha cheesy
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Holamic: 3:17pm On Oct 26, 2022
It time for you to visit your KOLO so that your old note will not be a story for grand kid. Add sense
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Manson1(m): 3:18pm On Oct 26, 2022
About starting your building project? See our live thread for our ongoing building construction project of a 3-bedroom bungalow in Oron, Akwa Ibom... Link in my signature
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Nobody: 3:18pm On Oct 26, 2022
Mynd44:

This is distressing to those who have stashed up large amounts in cash as they will be faced with the trouble of replacing the cash.

CBN and thieves playing chess

How??

This is just a redesign, not currency change bros. It changes nothing. Old notes will remain valid for years to come.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by adioolayi(m): 3:18pm On Oct 26, 2022
Last minutes cash-out on printing new mints contracts

Asiwere gbogbo
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Occurstaem(m): 3:19pm On Oct 26, 2022
Wapgod:
Is this what Nigeria needs right now?
May God bless you so much.
The economy is in comatose and here they are thinking of a cosmetic dressing to a non performing currency.
I don't understand. Should that be our priority right now? And they will waste money on nonsense.
Are those responsible for this in CBN mad or something?
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by dannykares: 3:19pm On Oct 26, 2022
chisomkachy:


https://www.thecable.ng/breakingcbn-redesigns-new-naira-notes/amp
Redesigning naira notes so u nd ur so called party will still steal de money due to election as de corner, be wise no sensible government will print money few months to election
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by TriitNG: 3:19pm On Oct 26, 2022
President Putin warns of danger coming from Ukraine’s black market weapons sales

"Risks remain that more powerful weapons may fall into the hands of criminals, including portable anti-aircraft missile systems and high-precision weapons," the Russian leader specified

Russian President Vladimir Putin on Wednesday warned of the dangers posed by the black market sale of weapons in Ukraine, including powerful weapons.

"Serious challenges are created by the black market of arms operating in Ukraine, cross-border criminal groups are actively involved in smuggling them into other regions," the Russian president said at a meeting with the heads of delegations at the 51st meeting of the CIS council of chiefs of security agencies and special services.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by kingmsookwagh(m): 3:20pm On Oct 26, 2022
Kasssandra:


CBN is not in charge of economic policy.

Monetary policy, yes, but only as a reaction to what Buhari and his finance and planning folk do....and what the oyel price says.

Plus, we don't change our currency that frequently. The last change we had was in 2013, and even then for the N100 note.
how will it help our seemingly hopeless economic and impoverished situation. How would the change in the designs remedy the aforementioned issues? Or is the impoverished state of the country not the concern of the central bank?

Baba defense counsel, make ya head dey ya neck o!!!!
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Bigchristo: 3:20pm On Oct 26, 2022
chisomkachy:


https://www.thecable.ng/breakingcbn-redesigns-new-naira-notes/amp
Designing new notes for a currency that’s being devaluated on commercial market and foreign exchange rates, such a stupid CBN governor, what they should be thinking now is how to stabilize the value of the currency not designing news notes misplaced priority
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by ufotunang: 3:20pm On Oct 26, 2022
Is this the problem of nigerians...to redesign naira.. money. Instead of making the economy to be good and better... create jobs for the youths and nigerians, reduce poverty hunger hardship unemployment, provide constant electricity light, make environment condusive for bussinesses to strive, construct roads and provide good goverance..this is what nigerians needs not to redesign naira... that the politcians are looting and stealing and the poor man has no access to the money... clueless government
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by LyfeJennings(m): 3:21pm On Oct 26, 2022
VeryWickedMan:



Anybody wey stash up naira notes suppose wear chain for Yaba left.

is that what U think
hmmmm
U know nothing bruh
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Reyhzor(m): 3:21pm On Oct 26, 2022
Igboslayer:
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.

Redesigning of note is the last problem we've in Nigeria
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Atarakpa: 3:22pm On Oct 26, 2022
Kidnappers and bandits how market
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by BreconHills(m): 3:22pm On Oct 26, 2022
Kasssandra:


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.

Bros anywhere in the world, the CBN takes tactical moves to shore up the economy. This CBN Governor is completely useless. Even if Government policy is rubbish, you can still feel the effect of CBN monetary policies as we saw when the BoE acted to shore up sterling against the misguided efforts of the UK PM and Chancellor.

Bank MD's are having to kiss his feet to get allocations. An allocation of $1m at 435 sold on the black market for 730 is a prince's ransom.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by eeetuk(m): 3:24pm On Oct 26, 2022
Wapgod:
Is this what Nigeria needs right now?


Good question. Ibo man is the governor of Central Bank of Nigeria. Don't you ever forget that.
When I say Ibo man has no sense, I get accused of being hateful. Now that the fact is in, I don't want anyone to be accused of being hateful.

Now, Nigeria doesn't need redesign of currency. What Nigeria needs Now is mandate to every government run agency to use policy for operation of government functions. By policy I mean what people working for government should do and should not do.

For an example, governors in Nigeria take money out of state treasury and spend any way they want. Governor wike of rivers state had been boasting about how he funded PDP with government money. That is why governments is failing in Nigeria.

CBN has a governor from south east and that means failure . Southeast is a disaster. People in southeast have left that region because nothing has succeeded there. So, having a CBN governor from southeast really called into questions the kind of leadership running government in Nigeria
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by afbstrategies: 3:24pm On Oct 26, 2022
Confused and compromised Nigeria Central Bank.

That's all most Nigerians and the world see daily since the Dullard became President shocked
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Timekeeper452: 3:24pm On Oct 26, 2022
JohnieWalker12:
What's the essence of the new design when our currency no get value embarassed
essence to the bank only, as this will force those that stash cash or keep their cash to bring it to the bank and go into banking to receive new notes.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by YeyeGbami: 3:26pm On Oct 26, 2022
VeryWickedMan:



Anybody wey stash up naira notes suppose wear chain for Yaba left.

Walahi. When i fit hold other stable currencies
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by MondayOsunbor(m): 3:26pm On Oct 26, 2022
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Jemex003: 3:26pm On Oct 26, 2022
chisomkachy:


https://www.thecable.ng/breakingcbn-redesigns-new-naira-notes/amp


That’s good all the billions keeping inside corner corner will be pumping out now.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Sleekfingers: 3:26pm On Oct 26, 2022
Mynd44:

This is distressing to those who have stashed up large amounts in cash as they will be faced with the trouble of replacing the cash.

CBN and thieves playing chess


Especially those politicians. They got no choice, than to share the money.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by TriitNG: 3:26pm On Oct 26, 2022
TriitNG:
President Putin warns of danger coming from Ukraine’s black market weapons sales

"Risks remain that more powerful weapons may fall into the hands of criminals, including portable anti-aircraft missile systems and high-precision weapons," the Russian leader specified

Russian President Vladimir Putin on Wednesday warned of the dangers posed by the black market sale of weapons in Ukraine, including powerful weapons.

"Serious challenges are created by the black market of arms operating in Ukraine, cross-border criminal groups are actively involved in smuggling them into other regions," the Russian president said at a meeting with the heads of delegations at the 51st meeting of the CIS council of chiefs of security agencies and special services.

"We are not only talking about small arms," the president stressed. "Risks remain that more powerful weapons may fall into the hands of criminals, including portable anti-aircraft missile systems and high-precision weapons," Putin specified.


Buhari Blames Libyan Conflict For Insecurity In Nigeria.

Arms trafficking from Libya to Niger is back; Nigeria, others should be concerned

"After the fall of Libyan president Muammar Gaddafi in 2011, southward arms flows from Libya rose significantly. In 2012, this enabled Mali’s Tuareg rebels and armed groups operating in the Sahel and Lake Chad Basin to acquire weapons and ammunition in a period of widespread regional turmoil."

https://www.premiumtimesng.com/news/headlines/545433-arms-trafficking-from-libya-to-niger-is-back-nigeria-others-should-be-concerned.html



The West armed the rebels and instigated a conflict in Libya.
Libya is now a retrogressed failed state.
The influx of arms into Nigeria as a result of the West arming rebels has lead to more insecurity and insurgency in Nigeria.
Those lethal weapons are now being used to terrorize innocent Nigerians.
The West was defeated in Afghanistan by rebels last year.
The weapons they were forced to leave behind (as a result of their defeat) has found it's way to the black market.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by deltateam: 3:27pm On Oct 26, 2022
Wapgod:
Is this what Nigeria needs right now?

Naira is devalued. Instead of making policies to increase it's worth by exporting goods. They are beautifying the already devalued Naira as if this act will make it valuable wasting money in the process.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by MondayOsunbor(m): 3:27pm On Oct 26, 2022
eeetuk:
Wapgod:
Is this what Nigeria needs right now?


Good question. Ibo man is the governor of Central Bank of Nigeria. Don't you ever forget that.
When I say Ibo man has no sense, I get accused of being hateful. Now that the fact is in, I don't want anyone accused of being hateful.

Now, Nigeria doesn't need redesign of currency. What Nigeria needs Now is mandate to every government run agency to use policy for operation of government functions. By policy I mean what people working for government should do and should not do.

Governors in Nigeria take money out of state treasury and spend any way they want. Governor wike of rivers state had been boasting about how he funded PDP with government money. That is why governments is failing in Nigeria.

CBN has a governor from south east and that means failure . Southeast is a disaster. People in southeast have left that region because nothing has succeeded there. So, having a CBN governor from southeast really called into questions the kind of leadership running government in Nigeria

he is from south south

olodo
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by richeeyo(m): 3:30pm On Oct 26, 2022
VeryWickedMan:



Anybody wey stash up naira notes suppose wear chain for Yaba left.
not all loot can be converted to ds bro
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Nobody: 3:30pm On Oct 26, 2022
kingmsookwagh:
how will it help how seemingly hopeless economic and impoverished situation. How would the change in the designs remedy the aforementioned issues? Or is the impoverished state of the country not the concern of the central bank?

Baba defense counsel, make ya head dey ya neck o!!!!

And with that, I bid thee adieu.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Nobody: 3:32pm On Oct 26, 2022
BreconHills:


Bros anywhere in the world, the CBN takes tactical moves to shore up the economy. This CBN Governor is completely useless. Even if Government policy is rubbish, you can still feel the effect of CBN monetary policies as we saw when the BoE acted to shore up sterling against the misguided efforts of the UK PM and Chancellor.

Bank MD's are having to kiss his feet to get allocations. An allocation of $1m at 435 sold on the black market for 730 is a prince's ransom.

Well, we have a bad naira because we are not earning enough dollars in the first place...which happens because APC , despite promising a diversified economy, has not done it.

So, since the CBN has a limited toolset and resources as a result of the above, there is nothing much they can do.

Anyone who gets elected in 2023, has to make Nigeria a producer nation, then we can have a strong currency.

1 Like

Re: CBN Redesigns 200, 500 & 1000 Naira Notes by cardoctor(m): 3:32pm On Oct 26, 2022
They were all smiling before. These new pics are like wtf is going on?
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Lush100(m): 3:34pm On Oct 26, 2022
Totally unnecessary.
If it causes people who n
stach monies in hidden places to bring out money.
It would increase the money in circulation.
What we need to do right now is not currently design but expansionary fiscal policy aimed at reducing our import bill against other currencies by production thru local human and capital development.
When we are stable then we can visit this redesign.

This redesign coming on the heels of regime change is suspicious.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Lion21(m): 3:35pm On Oct 26, 2022
How did even get here as a nation. How does this reduce the price of food items in the market ...

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (11) (Reply)

Apart From Yahoo, What Are You Doing To Make Money Online? / How To Make Money Online Legitimately Here In Nigeria / Shipping From China To Nigeria

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 61
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.