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Nairaland Forum / Nairaland / General / Politics / The Era Of No Currency Draw Nearer In Nigeria? (1115 Views)
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The Era Of No Currency Draw Nearer In Nigeria? by oyinkinola: 2:53pm On Aug 28, 2016 |
The total eradication of currency have begun in Nigeria, very recently we carry-out the study and investigation throughout the federation, the result will socked you: The currency left in the pocket of the majority of Nigerian 70% are; ₦5,₦10,₦20,₦50 with scarce ₦100! The ₦200,₦500,₦1000 are in the pocket of civil servant, business men, business women mixed with Dollars, euro, pound and other foreign currency! the politician mainly loaded their pocket with dollars($). when the team asked one woman why the scarcity of currency in the market? she said, there is no money o! she said ₦5,₦10,₦20,₦50 left on our purse o, ask what about ₦200,₦500 and ₦1000? she said, that big money is for the big boss o! Some blame government while the elite blame inflation! but the question that many can't answer is when inflation kill currency it take the body away? inflation kill the Ghanaian cedi, but left the papers and coins there; when Zimbabwe money is killed by inflation the papers and coins is left, why inflation killed ₦aira and coins and take away the body? Is Nigeria heading towards a No local currency nation or back to the primitive trade by barter era? |
Re: The Era Of No Currency Draw Nearer In Nigeria? by Greenback: 2:59pm On Aug 28, 2016 |
Theres a nepa bill holder in charge so what do u expect? You are on gear 1 if you dont know u are in the woods already. Enjoy your chanjige o |
Re: The Era Of No Currency Draw Nearer In Nigeria? by oyinkinola: 3:15pm On Aug 28, 2016 |
Greenback:...be honest, the eradication of currency started far back before this administration do you know the causes? 1 Like |
Re: The Era Of No Currency Draw Nearer In Nigeria? by psucc(m): 3:19pm On Aug 28, 2016 |
In fact if you have a wicked neighborhood, and he reports you that you have a cash of N50k at home, then expect arrest and search without warrant. No money for fees |
Re: The Era Of No Currency Draw Nearer In Nigeria? by Greenback: 3:39pm On Aug 28, 2016 |
oyinkinola:kindly brief us.. |
Re: The Era Of No Currency Draw Nearer In Nigeria? by GMBuhari: 3:41pm On Aug 28, 2016 |
For an expert whose result will socked people ? I think your survey was conducted in the Village or on IDP camps Where i live , we are looking for 5-100 naira change and we can't find |
Re: The Era Of No Currency Draw Nearer In Nigeria? by Waspy(m): 4:00pm On Aug 28, 2016 |
Understandable message but poor write-up |
Re: The Era Of No Currency Draw Nearer In Nigeria? by oyinkinola: 4:07pm On Aug 28, 2016 |
GMBuhari:...exactly, because our monetary policy had collapse! the 1-100kobo, ₦1,₦2,₦3,₦4 that meant for change were not in circulation,they were not killed by inflation that's why you want it for change, but why it is that they are not in circulation? |
Re: The Era Of No Currency Draw Nearer In Nigeria? by GMBuhari: 4:14pm On Aug 28, 2016 |
Please smoke less weed I just realized you are the guy who talked about introducing new currency and new value as if that will automatically change the production cost of goods and commodities Bye , have a great day oyinkinola: |
Re: The Era Of No Currency Draw Nearer In Nigeria? by oyinkinola: 4:15pm On Aug 28, 2016 |
Greenback:in case of Zimbabwe and Ghana, when inflation swallow their currency the coins and the papers left in their pocket it worth nothing but in Nigeria where were the money that we said inflation killed, that's not how monetary system function and that's why we suffer! |
Re: The Era Of No Currency Draw Nearer In Nigeria? by oyinkinola: 4:18pm On Aug 28, 2016 |
GMBuhari:..a lost dog can hardly be rescue! are you one of the traders who benefited from the poor money with excuse of 'no change'? 1 Like |
Re: The Era Of No Currency Draw Nearer In Nigeria? by oyinkinola: 4:39pm On Aug 28, 2016 |
psucc:we manage our currency the same way we mange fuel, during fuel scarcity, you can't have fuel at official price you have it in black market but in double via triple price, like wise the currency, CBN peg the value of Naira at 197 to $ but you buy it at 400 to $ in black market! |
Re: The Era Of No Currency Draw Nearer In Nigeria? by oyinkinola: 4:44pm On Aug 28, 2016 |
No economics reform will work without the monetary reform in Nigeria because you can't talk of economics without sound monetary system in policy... currency in the market! |
Re: The Era Of No Currency Draw Nearer In Nigeria? by Greenback: 4:47pm On Aug 28, 2016 |
GMBuhari:see,always bitter. God help naija. |
Re: The Era Of No Currency Draw Nearer In Nigeria? by oyinkinola: 4:52pm On Aug 28, 2016 |
Greenback:leave him wit it's bitterness, the true is that no nation manage their own currency poorer like our's! 1 Like |
Re: The Era Of No Currency Draw Nearer In Nigeria? by tit(f): 5:03pm On Aug 28, 2016 |
instead of no currency, i will use Biafra pound. i dont want trade by barter again |
Re: The Era Of No Currency Draw Nearer In Nigeria? by oyinkinola: 5:11pm On Aug 28, 2016 |
tit:..until you have biafra that you will use it's pound! and if 1bfiafra pound is not ₦00.000001! |
Re: The Era Of No Currency Draw Nearer In Nigeria? by oyinkinola: 6:45pm On Aug 28, 2016 |
Waspy:you need not to be economics expert to know something wrong to Nigerian monetary system! |
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