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CBN Redesigns 200, 500 & 1000 Naira Notes - Business (8) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Redesigns 200, 500 & 1000 Naira Notes (92872 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 Nostradamu(m): 4:14pm On Oct 26, 2022
Romanoff:
With the inflation and high cost of living, is this what we need now?

Them dey redesign cloth wey done weak?

Asin ehn!

Naira dey hemorrhage, but let's redesign him face.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by TriitNG: 4:15pm On Oct 26, 2022
Ukrainian defense chief admits counter-offensive operation slowing down

Alexey Reznikov was hopeful that the Ukrainian Armed Forces would be able to achieve success before the winter set in and the mobility of troops would decline
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by TriitNG: 4:16pm On Oct 26, 2022
grin grin
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by TriitNG: 4:16pm On Oct 26, 2022
TriitNG:
Ukrainian defense chief admits counter-offensive operation slowing down

Alexey Reznikov was hopeful that the Ukrainian Armed Forces would be able to achieve success before the winter set in and the mobility of troops would decline


The Ukrainian Armed Forces’ counter-offensive operation in the country’s south has slowed down, Defence Minister Alexey Reznikov admitted.

The first stage was to deter the advance of Russian troops, the second stage was to stabilize the frontline and currently, Ukraine is in the third stage of its counter-offensive, he said in an interview with Japan’s NHK broadcaster.


Re: CBN Redesigns 200, 500 & 1000 Naira Notes by aestake: 4:16pm 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.
What about the cashless transition they harpes on and spent money on?
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Maski87: 4:17pm On Oct 26, 2022
Please when are we going to have 20000 naira notes,I am tired of collecting bribe with Ghana must go.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by TriitNG: 4:18pm On Oct 26, 2022
TriitNG:

The Ukrainian Armed Forces’ counter-offensive operation in the country’s south has slowed down, Defence Minister Alexey Reznikov admitted.

The first stage was to deter the advance of Russian troops, the second stage was to stabilize the frontline and currently, Ukraine is in the third stage of its counter-offensive, he said in an interview with Japan’s NHK broadcaster.


Reznikov admitted that the counter-offensive operation had slowed down in the south. However, he was hopeful that the Ukrainian Armed Forces would be able to achieve success before the winter set in and the mobility of troops would decline. He also claimed that Kiev had a realistic plan "to liberate all territories," first and foremost, the Kherson Region.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by TriitNG: 4:19pm On Oct 26, 2022
TriitNG:

Reznikov admitted that the counter-offensive operation had slowed down in the south. However, he was hopeful that the Ukrainian Armed Forces would be able to achieve success before the winter set in and the mobility of troops would decline. He also claimed that Kiev had a realistic plan "to liberate all territories," first and foremost, the Kherson Region.
How many months or years does Ukraine need? grin
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by casualobserver: 4:20pm On Oct 26, 2022
chisomkachy:


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

Oga why are you showing us pictures of the old notes, you think we don’t know what they look like? New note you wont show?

1 Like

Re: CBN Redesigns 200, 500 & 1000 Naira Notes by TriitNG: 4:20pm On Oct 26, 2022
TriitNG:

Reznikov admitted that the counter-offensive operation had slowed down in the south. However, he was hopeful that the Ukrainian Armed Forces would be able to achieve success before the winter set in and the mobility of troops would decline. He also claimed that Kiev had a realistic plan "to liberate all territories," first and foremost, the Kherson Region.
On February 24, Russian President Vladimir Putin announced a special military operation based on a request for assistance from the heads of the Donbass republics. In response, the West imposed major sanctions on Russia. In addition, Western countries started to provide weapons and military equipment to Kiev, whose total value is currently estimated at billions of dollars.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by TriitNG: 4:21pm On Oct 26, 2022
TriitNG:

On February 24, Russian President Vladimir Putin announced a special military operation based on a request for assistance from the heads of the Donbass republics. In response, the West imposed major sanctions on Russia. In addition, Western countries started to provide weapons and military equipment to Kiev, whose total value is currently estimated at billions of dollars.
In late September, the Donetsk People’s Republic (DPR) and the Lugansk People’s Republic (LPR), as well as the Kherson Region and the Zaporozhye Region, held referendums on joining Russia with the majority of voters supporting the idea. Russian President Vladimir Putin and the heads of the DPR and the LPR, the Zaporozhye and Kherson Regions later signed treaties on their accession to Russia. On October 4, Putin signed laws ratifying the treaties.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by RepoMan007: 4:23pm On Oct 26, 2022
What is the point wasting money printing money all over again and discarding that which has gulped a lot of funds to print?
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by jamace(m): 4:26pm On Oct 26, 2022
Opportunity for CBN to introduce e-Naira.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Tonymario58: 4:31pm On Oct 26, 2022
The same big scripts.
APC money printer
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by moshino(m): 4:33pm On Oct 26, 2022
Mynd44 post=117evecie892661:

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.


...Including polithievecians and their associates, bandits, kidnappers etc.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Nobody: 4:38pm On Oct 26, 2022
These guys are just cashing out. Wallahi
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by nurudeen181(m): 4:40pm On Oct 26, 2022
Rossonero:
Are these old notes one of the reasons for the economy's under-performance? I was never taught this back in school.
you cant be thought everything in school and not all that was thought were 100% correct as some needs adjustments or renewal. Our currency isnt durrable and durrability is one of the qualities of a good currency right. then when you mix durability and scarcity of the said currency, you may need to device a means to bring those hidden currencies out though most of it will still go back into hidden.. How many people dey do with cash now...

1 Like

Re: CBN Redesigns 200, 500 & 1000 Naira Notes by nurudeen181(m): 4:42pm On Oct 26, 2022
Romanoff:
With the inflation and high cost of living, is this what we need now?

Them dey redesign cloth wey done weak?
yes.. cut the usable part out and find something new to do with the pieces left..
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by EMPEROROFDONBAS(m): 4:45pm 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


Yōu get point..

Na still dem dem
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by kayzkayz(m): 4:45pm On Oct 26, 2022
It’s a pity that the #100 notes in circulation that are looking like Tilimbu’s face couldn’t make it to the list.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Tfx1: 4:49pm On Oct 26, 2022
Cluelessness
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by judedwriter(m): 4:53pm On Oct 26, 2022
Wapgod:
Is this what Nigeria needs right now?

Honestly speaking... NO!
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Cjrane2: 4:53pm On Oct 26, 2022
Emeskhalifa:
Those wey read Economics, aside the fact that it will give those who starch Naira in their apartments and underground basement, of what economical value is the redesign of Naira

Why would anyone stash Naira of all currencies? A currency that depreciates daily? I mean N100k can buy you a TV set in the morning and by the next morning, you will need N150k for the same TV! So why should you save your money in such unstable currency?

1 Like

Re: CBN Redesigns 200, 500 & 1000 Naira Notes by lukency(m): 4:54pm On Oct 26, 2022
Emiefele is a disgrace.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by onyxo76(m): 4:54pm On Oct 26, 2022
no be money they go take print the new notes? another way to chop money..
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by tunde1200(m): 4:55pm On Oct 26, 2022
God bless you

NaughtyBrainiac:
Reason for New notes should be stated in this kind of News so that we will know whether to challenge the CBN and its Leadership or not.

I admire Tinubu but I condemn him and his party if they do anything wrong.

I am not like some people that parade a presidential aspirant as Saint, foolishly and preposterously defend his wrong doings, attack anyone that points out the errors their personal Lord and Saviour makes. This is the most infuriating thing about him and his supporters.

You begin to wonder if his supporters have any iota of intelligence.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Munzy14(m): 4:55pm On Oct 26, 2022
Romanoff:


I doubt this one o.
Let's wait for the outcome.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by WealthyChidi(m): 4:56pm On Oct 26, 2022
NaughtyBrainiac:
Reason for New notes should be stated in this kind of News so that we will know whether to challenge the CBN and its Leadership or not.

I admire Tinubu but I condemn him and his party if they do anything wrong.

I am not like some people that parade a presidential aspirant as Saint, foolishly and preposterously defend his wrong doings, attack anyone that points out the errors their personal Lord and Saviour makes. This is the most infuriating thing about him and his supporters.

You begin to wonder if his supporters have any iota of intelligence.
.
If this is not dementia, then tell me what it is. Goat
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by scholes23(m): 4:56pm On Oct 26, 2022
Misplaced priorities
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by twilliamx(m): 4:58pm On Oct 26, 2022
gonkin:


So true. Unfortunately we all know the Nigerian way. They spend the highest amount on low quality.

News from November 2021 stated that CBN spent N58.6bn to print 2.5bn Naira notes. so i wonder whats gonna happen to those notes printed last years


Ahhhhh...

Re: CBN Redesigns 200, 500 & 1000 Naira Notes by Ellasure: 4:58pm 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


Good thinking, the Naira value will pick up as many people that have loaded various locations and houses with stolen Naira notes will be forced to seek ways to change them.
Re: CBN Redesigns 200, 500 & 1000 Naira Notes by alizma: 5:03pm On Oct 26, 2022
Wapgod:
Is this what Nigeria needs right now?
You won't understand. A critical election is coming up and people have been stockpiling cash in their private volt, this step can change things between now and the election period. 1984 comes to mind. Please who was the president in 1984?

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