Onipede Ayodeji The crux of the matter is the implication that this will have on our individual lives and
national economy. One of the indices of a GROWING INFLATION, is the creation of Higher
Local Currency Bill, NO matter what CBN or the Managers of our economy say, they know too
well in their minds.
Ask them in Zimbabwe!
We will soon be buying things now sold for about N3,000 - N4,500; for N5,000.00!
It is terrible! Why are we not emulating Ghana where they
just redenominated their currency? Why can't
we do same to manage our economy? The answer is clear; if we redenominate THEY
will lose the money already stolen and kept abroad. For instance if we redenominate by
cutting down two zeros, N1,000 becomes N10 while N100 becomes N1. In a similar way
one dollar will exchange for N1.55k. Therefore $100m will be N1.5m. Naira will become stronger against many currencies
and stealing money abroad will become unattractive.
Why are we going for higher denomination when CBN is spending billions to promote a
cashless economy?
Join to say no to introduction of higher denomination of naira . Let's save our economy and the generation to come. Pls rebroadcast untill it gets to their
attention!!!
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