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Nairaland Forum / Nairaland / General / Business / Banks Blame CBN For Scarcity Of Naira Notes (23757 Views)
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Re: Banks Blame CBN For Scarcity Of Naira Notes by Doctee: 9:14pm On Jan 27, 2023 |
Mentioning politicians that can transfer monies to those they want to buy votes from is still baffling me |
Re: Banks Blame CBN For Scarcity Of Naira Notes by Tonytonex(m): 9:16pm On Jan 27, 2023 |
Mustiboy:why won't they take all the money? So you mean if I want to do deposit my money, they will refused to collect? |
Re: Banks Blame CBN For Scarcity Of Naira Notes by greatiyk4u(m): 9:19pm On Jan 27, 2023 |
millionboi2: Sensible things don't make sense to you If they have much of it, why the outburst from them? You think they care about the masses? This requires deep thinking and cognitive understanding of macroeconomic issues |
Re: Banks Blame CBN For Scarcity Of Naira Notes by TheNiceGuy(m): 9:24pm On Jan 27, 2023 |
Delusional grandeur mcfestgee: 1 Like |
Re: Banks Blame CBN For Scarcity Of Naira Notes by Irupetepete: 9:29pm On Jan 27, 2023 |
Madridstar:walahi kidnapping Don reduce 2 Likes |
Re: Banks Blame CBN For Scarcity Of Naira Notes by Komu1048(m): 9:35pm On Jan 27, 2023 |
Dshocker: Most commercial banks r nothing but instrument of oppression to the populace 1 Like |
Re: Banks Blame CBN For Scarcity Of Naira Notes by BreconHills(m): 9:38pm On Jan 27, 2023 |
malali: Currency change is gimmicks to hide currency printing and complete fiscal indiscipline by the CBN. It has no value at all on Nigeruas inflation. When money supply contracts it should lower inflation - this is not the case because most of our inflation is imported. If the CBN allows free and unrestricted transfer of dollars brought into the country, imported inflation will fall. |
Re: Banks Blame CBN For Scarcity Of Naira Notes by Lovenorth: 9:53pm On Jan 27, 2023 |
Bandits are very angry about the new naira notes |
Re: Banks Blame CBN For Scarcity Of Naira Notes by Zico777(m): 10:13pm On Jan 27, 2023 |
leisuretym: Truth is I'm so unshaken about the so-called 31st deadline as I still have the old notes at hand. |
Re: Banks Blame CBN For Scarcity Of Naira Notes by dchamp234(m): 10:15pm On Jan 27, 2023 |
malali:And a lot of goats are here saying shiit, they don't understand the headline, if you deposit 50k, you can't get 50k back in return, you will be given maybe 5 to 10k. That the only way to make the system work at the moment, do your rest transactions on transfer. Imagine if I deposit 50m naira old notes and get 50m new notes, these politicians and kidnappers will go with vans to exchange money. In my opinion I think we're in safe hands with meffy. 1 Like |
Re: Banks Blame CBN For Scarcity Of Naira Notes by tonyshine01: 10:22pm On Jan 27, 2023 |
Mustiboy: Says the CBN Governor. |
Re: Banks Blame CBN For Scarcity Of Naira Notes by Okpachala: 10:40pm On Jan 27, 2023 |
The motive behind the redesigning of our currency is to stop vote buying and is a good move that should be applauded by everyone of us |
Re: Banks Blame CBN For Scarcity Of Naira Notes by RichAbujaGuy: 10:44pm On Jan 27, 2023 |
Both may be guilty of hording and saving the new notes for the highest price tags. A month or two ago I recall a thread about a large stack the new money turning up at a party for sale or to show off. The person must have had insider connections. |
Re: Banks Blame CBN For Scarcity Of Naira Notes by ayanbadejo68166: 10:52pm On Jan 27, 2023 |
We like it like that.We like it like that.... |
Re: Banks Blame CBN For Scarcity Of Naira Notes by olaeffect(m): 11:50pm On Jan 27, 2023 |
Millz404: Simple. I wonder why CBN is not bold enough to state this. Instead of lying against innocent banks. I also strongly believe that CBN should cease this time and situation to encourage the use of E-naira for transactions without any charges at all. In fact they should even give users some incentives. |
Re: Banks Blame CBN For Scarcity Of Naira Notes by emmyN(m): 11:55pm On Jan 27, 2023 |
drololaaof: Honestly I think the DMBs are the chief culprit here. They tried to sabotage the CBN policy and expected an extension to the deadline. Suddenly when it's few days to go they now have new currency to disburse. |
Re: Banks Blame CBN For Scarcity Of Naira Notes by malali: 11:55pm On Jan 27, 2023 |
BreconHills: You make a lot of valid points: 1-Talking about releasing foreign reserve into the economy....That wouldn't crash the dollars trust me, there is a lot of unaccounted for naira in Nigeria system.I have attached a table showing remittances to Nigeria from abroad every year thats in billion of dollars. Thats enough to keep the naira boosted. The only way we can justify the low N.aira value is counterfeit or printing money straight from CBN and storing it in warehouses then changing them to dollars on the black market. Trust me, i dont know you....but money is being printed without fiscal accountability either by the government or counterfeiters. If the government cannot control and account for the cash in the system, no amount of salary increases or jobs will provide relief to the ordinary citizens .
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Re: Banks Blame CBN For Scarcity Of Naira Notes by Bebigiby: 12:47am On Jan 28, 2023 |
I've warned Nigerians severally on this forum that Emefiele's plan is to destroy Nigeria's economy and cash monetary system..... The last 8 years is a testament to the true motive of those running this evil government. It is indeed sad that Nigerians are left at the mercy of Buhari, Emefiele and the evil party called APC.... I still pity those jubilating and praising the evil CBN governor for the untold hardship unleashed on Nigerians over the naira redesign and cashless policy, it is only a matter of time you all will face the consequences when all is said and done.... In saner climes, public officials like Emefiele who was exposed to be funding terrorism (https://saharareporters.com/2023/01/18/exclusive-how-investigation-secret-police-dss-linked-nigerian-central-bank-governor), desecrated his office by meddling in politics (https://punchng.com/apc-chairman-confirms-emefieles-membership-says-cbn-gov-registered-feb-2021/) turning a sensitive institution like the CBN into a political theatre will be jailed and made to vomit the funds he embezzled (https://saharareporters.com/2022/12/14/how-nigerias-central-bank-governor-emefiele-diverted-n89trillion-stamp-duty-fund-private) Until Nigerians unit and take back this country from evil leaders, the situation we are facing today may not get better. |
Re: Banks Blame CBN For Scarcity Of Naira Notes by Illegal1(m): 12:54am On Jan 28, 2023 |
K |
Re: Banks Blame CBN For Scarcity Of Naira Notes by dominic17: 4:54am On Jan 28, 2023 |
Cashless economy does not need too much cash in circulation. Deposit your cash and make payments through electronics means you only need little cash for petty transactions. Millz404: |
Re: Banks Blame CBN For Scarcity Of Naira Notes by Nolevel666: 7:38am On Jan 28, 2023 |
greatiyk4u: Well said!! The problem now is if Nigerians will even care to stop using the old currency even if the bank no longer accepts it |
Re: Banks Blame CBN For Scarcity Of Naira Notes by rhames(m): 7:42am On Jan 28, 2023 |
nlfpmod: For a better understanding of what these gang of Armed robbers are hurting our economy, please read this book. https://www.amazon.com/New-Confessions-Economic-Hit-Man/dp/1626566747/ref=mp_s_a_1_1?crid=3GLTAO0HVNEP2&keywords=the+memoirs+of+an+economic+hitman&qid=1674887889&sprefix=the+memoirs+of+an+economic+gitman%2Caps%2C401&sr=8-1 |
Re: Banks Blame CBN For Scarcity Of Naira Notes by Solababa91(m): 9:03am On Jan 28, 2023 |
I support the CBN's steps to control.money in circulation. Intimating those crooks in the national assembly would frustrate the exercise as it would affect their sinister move to have enough cash to buy votes. Even though I have not been in support of CBN's hitherto policies but this one I'm in full support of it. Na two 50 naira note I get as for hand as I dey type so. CBN should print more of lower old currencies like 5,10,20,50 and 100 naira notes. How would most of the cash in circulation be in custody of few rich people in a population of over 200 million? Who don't even spend them to boost the economy rather they keep them in vaults, tanks, and bedroom, it's sheer wickedness. |
Re: Banks Blame CBN For Scarcity Of Naira Notes by Solababa91(m): 9:11am On Jan 28, 2023 |
Your head dey there, that they were not able to exchange their stashed loot is a reason why they've been on Emefiele's neck not because they have the love of masses at heart. If they truly love the masses which we all know they don't, they would have used same energy on petrol, diesel, kerosene, gas and all other prices of goods that have skyrocketed greatiyk4u: |
Re: Banks Blame CBN For Scarcity Of Naira Notes by Solababa91(m): 9:18am On Jan 28, 2023 |
No mind them petrol, diesel, kerosene, gas, and other commodities is on the high, them no care, na when these one bite them hard now then they take villagers take cover face, may all their looted cash rot in hell. OkodiDenzel: |
Re: Banks Blame CBN For Scarcity Of Naira Notes by Solababa91(m): 9:27am On Jan 28, 2023 |
When Diesel, gas, and other food stuffs price skyrocketed it was not targeted towards a particular candidate. In all of these the said Presidential candidate whose party is in power wasn't affected, now as the recent development is just some days to election suddenly it is targeted towards him, so whose interest is he fighting for? Self or citizens?. The fact that this development will handicap ANY politician whose aim is to buy people's conscience who they have weaponize with poverty gives me ecstasy. If the said candidate or you believe those you listed are the forces behind the recent development, they should have put their interest into consideration rather than present a muslim-muslim ticket, it shows the party or the actor(s) involved is not an all-inclusive entity. And for the tribal game you're playing, it has never and will never help Nigeria, What has the north gained from Buhari as a northerner rather than increase in slaughtering and kidnapping for killing and rasom, harsh economic policies taking its toll on all Nigerians (north inclusive), what did Yoruba gained specifically when Obasanjo was in power? Please quit all these tribal yo-yo, competence should override tribal or geographical nomenclature. olatuns2017: |
Re: Banks Blame CBN For Scarcity Of Naira Notes by Bfly: 4:25pm On Jan 28, 2023 |
All those guys our leaders lick their asses will be laffing at dem now. |
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