This man Wana kill city boy

Who understand the write up please explain

is now that you people are going out that you woke up from sleep

kokoA:
Let me not pretend to understand anything here..

Still reading other people comment for better understanding.
Because the topic made more sense than the post itself.

I got more confused when I read the post sef.

Cherish233:


I just thought as much but i now decided to understand and when i came to realise that I can't just understand i now knew i understood all about nothing 😫😩

When you use you cards in nigeria there are charges paid to the card issuers and exchange networks like visa and Mastercard. Even if your account or card charges are in naira, the banks settle them in dollars. CBN is saying your cards will now be Afrigo for local transactions and still keep the visa etc for your domicilliary dollar account for international transactions. Also there will be no more charges on your newly issued Afrigo cards on your naira accounts.

What the hell is going on nah?

This people spent eight years

DOING NOTHING,

Now want to use eight weeks

FINISH EVERY THINGS.

BigDawsNet:
I Pray all this law fix the Inflation and bring back $100=N150

You wan all the japarians heart attack?

Ikea81:


You wan all the japarians heart attack?

How? Is it not for dia benefits

Traveling that cost 6m will now cost 1.5m

somebody please explain the turenci.
does this mean visacards and Mastercards will be discarded for domestic transactions?
Rightfully so, those cards are useless for foreign transactions anyway. you can't use any Naira domesticated Visa or Mastercard to pay for any foreign transactions neither can you use them to withdraw from any ATM outside naija, so why are we using them?

God1000:
Nice one from CBN, but the deadline for discarding the old currencies and getting new naira notes should be extended by one week

if I were the CBN governor, the deadLine would be 2-weeks after the new naira note's introduction. Anybody wey no fit change him money, make e loose am. I would equally introduce strict rules that would either get you arrested for money laundering or make you loose your money.
Issue is, the system is still corrupt hence person wey loose 2-trailer load of Old Naira Notes could earn another 4-trailer Load of New Naira Notes.

mtcheeeew

princeade86:
no because they gave us enough time to do that, but we always do I don't care attitude in this country until it get to die minutes, we will now be rushing.

Enough time to do what?

So if we all had deposited our old Naira notes into our bank accounts since December 16th 2022, what will we all have been transacting with since then?

People should start seeing not just looking nah!!!

And please don't start telling me rubbish of cashless society ooo, because even in the cashless more developed countries we are trying to copy, they still use cash.

I still withdrew 900 Canadian dollars cash from an ATM at once (one single withdrawal) to pay late rent because it will take some days for my cheque to clear if I had paid with cheque.

Now calculate 900 Canadian dollars in cash to Naira and compare it to what you can collect on Nigerian ATM.

Our government will just always use every excuse to mask their incompetence.

Cashless economy is by choice and for convenience, not because a country's CBN is unable to print and circulate quality notes.

If I understand this policy very well it means that local dollar transactions will not attract charges.

Yankee101:


When you use you cards in nigeria there are charges paid to the card issuers and exchange networks like visa and Mastercard. Even if your account or card charges are in naira, the banks settle them in dollars. CBN is saying your cards will now be Afrigo for local transactions and still keep the visa etc for your domicilliary dollar account for international transactions. Also there will be no more charges on your newly issued Afrigo cards on your naira accounts.

they keep saying No More charges but Nigerian banks are good are generating means of charging CHARGEs. Maybe dem go call am Data Charge - if you no pay, ATM go off when your card enter am

Ceenachi:
So this guy knows all this good policy but why now?🤔🤔

1) To whip up sentiments
2) To win points against his fellow corrupt people who have messed up FCY/CCY in the country

Great now
Bring back international transaction biko

BigDawsNet:
I Pray all this law fix the Inflation and bring back $100=N150

😳😳 $100 = N150 ?

Or it's $1 = N150 you wanted to say?

This may appear to be okay on the surface, but reading between the lines, the Central Bank is trying to implement financial dictatorship.

God1000:
Nice one from CBN, but the deadline for discarding the old currencies and getting new naira notes should be extended by one week

Why?

are u emilokan?

Happy Queuing day.
Which queue are you joining?🤷🤷
Queue for New naira notes🤷
Queue for PVC, 🤷Queue for Fuel🤷

It is obvious that with each new policy, CBN governor Emefiele is an enemy of this country. Nigerians should be vigilant and question every new monetary policy introduced by this evil government. There is a deliberate effort by CBN to destroy cash based monetary system in favour of digital payment to further their tyrannical agenda. It is sad that we have no one left in government or the national assembly to reign in on the executive arm and forestall the gradual destruction of our country.

Emefiele has gone rogue, intoxicated with power as he dish out policies with out any form of accountability or oversight. I just read that the house of reps is threatening to arrest him and other bank officials over their refusal to honor screening invitation see https://www.channelstv.com/2023/01/26/naira-notes-reps-threaten-to-issue-arrest-warrant-on-emefiele/

Until Nigerians unit and take back this country from evil leaders, it appears nothing will change for the better.

See my recent post on why CBN cashless policy is evil here https://www.nairaland.com/7513315/why-cbn-enaira-cashless-policy

What he simply mean is that no more MasterCard or Visa naira cards. All cards for naira transaction will be with the CBN card.

If you need Master or Visa card, Go and get the USD denominated one.

Lol,.... Ghana currency is better than Naria quote author=CoronaVirusRelo post=120390928]Way to go!

Before we become Ghana[/quote]

Means in other for the likes of Aliexpress to conduct Business with Nigeria they have to charge in Naira which will reduced Dollar dependency for international transactions i guess the like of iTunes and Spotify already started charging in Naira

Sorry for the bad use of English i stand corrected

Ambber:
somebody please explain the turenci.
does this mean visacards and Mastercards will be discarded for domestic transactions?
Rightfully so, those cards are useless for foreign transactions anyway. you can't use any Naira domesticated Visa or Mastercard to pay for any foreign transactions neither can you use them to withdraw from any ATM outside naija, so why are we using them?

Those who transact internationally will have both Afrigo and either of Mastercard or Verve.
But for those transacting locally, within Nigeria only, there's no need for them to have Mastercard or Verve.
They will need only Afrigo card.

Psalmistproject:
Emefiele would have been a brilliant agent for our economic growth but with Buhari and his cabals that cares about nothing but retrogression the young man is just wallowing in confusion.

OBI is here.... Everything will be okay!

'Emefiele' and 'brilliant' in the same sentence. Hmm.

A leopard can not change it's skin, Emefiele is not on your side. He is actually destroying our economy and monetary system with each new policy. What good can come out of this evil government? Election is in few weeks time and you think Emefiele who with his bad policies took the naira from N200 to N800 to $1 will magically boost the value of the naira.

ehissi:
If only I know what emiefele is thinking......but in my opinion, the reason why most people want the CBN govenor to extend the deadline is the reason why he really shouldn't!

For the first time, the CBN govenor is in a position of power, February is supposed to be that time year when an unusual amount of money will be in circulation, dollar and Naira....

He is trying to boost the value of the naira by restricting the actual use of the naira and triggering a hyper demand......

Also if he is thinking, what I think he is thinking, use the excess old notes in the system as leverage especially in the rural areas to pull the unbanked into the banking system!!

So this I think will work, refuse to extend the deadline, allow the elections and the protest following invalidated currency to increase, then let people change the money on the grounds that it must be deposited in a bank account!!

Place restriction and charges accordingly on certain volumes of cash accordingly, that way people don't use it as a business, where one person is helping 20,000 change old notes.....

It can work

This can not be in the interest of Nigeria.
The globalist are trying to cage Nigeria and also to defeat the merit of competition.

Don't let the big grammar fool you.
Is simply saying we are all to be using one card.
Ina nutshell CBN card.
What they couldn't achieve thru e-naira and closure of crypto, the want to achieve thru atm card.
@bebigiby

MITCHELL96:



😳😳 $100 = N150 ?

Or it's $1 = N150 you wanted to say?

$100=N150 nothing is impossible bro🙂

Nice move!

Ceenachi:
So this guy knows all this good policy but why now?🤔🤔

Now, because he's no more afraid or care about the Cabal he used to be scared of.

Afterall, na payback time from him to them that sabotaged his political ambition too

datola:
Why not also ban holding of more than $1,000, and other hard currencies for individuals (in hand or bank) illegal

Why not just ban everything?