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Topic: Naira redesign it's effects and consequences (Read 51 times)

hero member
Activity: 2408
Merit: 516
February 02, 2023, 09:47:12 AM
#4
My suggestion here is that as the both commercial bank and CBN no wan agree to release the new currency, the government should be able to try his best to make sure that everything is going on a normal ways, because ATM and pos no get cash for people to have it to buy their needs, seriously it's really affecting many people's business and lives of people, humans can't live without food and shelter and we all need money to get those things, but if the government can not do anything about it, then I don't think we have any leaders in Nigeria.
My mind doesn't understand how Nigerians suddenly changed their expectations of their president, you expect a show of pragmatism that hasn't been shown in the past seven years. He has demonstrated that he cannot control the system, not even security. This is why I do not want any soft leaders in government any more, but I do not want tyrants either. Bank heads can be summoned to the capital to explain the scarcity after so much has been released. If they cannot, they should be sanctioned and publicly punished.
sr. member
Activity: 504
Merit: 302
February 02, 2023, 03:57:31 AM
#3
My suggestion here is that as the both commercial bank and CBN no wan agree to release the new currency, the government should be able to try his best to make sure that everything is going on a normal ways, because ATM and pos no get cash for people to have it to buy their needs, seriously it's really affecting many people's business and lives of people, humans can't live without food and shelter and we all need money to get those things, but if the government can not do anything about it, then I don't think we have any leaders in Nigeria.
hero member
Activity: 2408
Merit: 516
February 01, 2023, 05:01:32 PM
#2
As we all dey see wetin dey happen for we country in regards to the scarcity of the redesigned naira notes.
CBN dey say na commercial banks they hoard the new notes while Commercial banks dey say na CBN dey hoard am.
The thing don make business transactions dey difficult for some people, we see as POS operators dey charge for withdrawals.
People don dey use money dey buy money, banks ATMs no dey dispence cash.
New notes no dey circulate, deadline dey approach to spend old notes.
My brothers and sisters na wetin una think say go be the way forward??
This design get any economic  or political effects on the country??

In my opinion, the commercial banks are the culprits, but politicians benefit from it by playing the blame game with the media to confuse the public. In today's situation, commercial banks are collecting 10% on counter against new notes. Could this be a result of the Central Bank as well? A further escalation of this scarcity occurred over the weekend as a result of a deadline shift. In preparation for elections, politicians are stockpiling funds with the help of bank managers. Even today, there are still old notes in some ATMs.
jr. member
Activity: 40
Merit: 2
February 01, 2023, 04:51:54 PM
#1
As we all dey see wetin dey happen for we country in regards to the scarcity of the redesigned naira notes.
CBN dey say na commercial banks they hoard the new notes while Commercial banks dey say na CBN dey hoard am.
The thing don make business transactions dey difficult for some people, we see as POS operators dey charge for withdrawals.
People don dey use money dey buy money, banks ATMs no dey dispence cash.
New notes no dey circulate, deadline dey approach to spend old notes.
My brothers and sisters na wetin una think say go be the way forward??
This design get any economic  or political effects on the country??
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