The Idea Of Redesigning #200, #500, #100 Note By CBN Governor

What will be the positive impact if our currency is been redesigning?

Below are Nigerians reactions

NEFERTITI
As Share By A Twitter User, @firstladyship
Godwin Emefiele destroyed the Naira. However, redesigning the N200, N500 & N1,000 notes will force politicians to either spend their Naira hidden in houses & septic tanks, or bank them by force. CBN Governor got the policy right. But the Naira is N752, so he is still a saboteur.

That Demon of Ngor Okpala
@ucvic
Replying to
As Share By Twitter User, @firstladyship
Anyway… They should reduce the size of that naira note… Damn thing is so big… They should make it the size of the dollar perhaps (😁😅) it may ginger the naira to ratio the dollar ( 1 naira = 1 dollar)… For real

Dr Great Oracle
@AbdulMahmud01
As Share By A Twitter User, Obaseki blew the whistle on dubious QE – Quantitative Easing- printing money. Emefiele denied. But, we today we know that over N3tr is in circulation and over N2tr hoarded…
The unconscionable monetary expansion brought the unruly horse no one can control: hyperinflation

Conversation
Dr Great Oracle
@AbdulMahmud01
·
17h
Obaseki blew the whistle on dubious QE – Quantitative Easing- printing money. Emefiele denied. But, we today we know that over N3tr is in circulation and over N2tr hoarded…
The unconscionable monetary expansion brought the unruly horse no one can control: hyperinflation
Ibiang Livinus
As Share By A Twitter User, @ilivinus
Replying to
@AbdulMahmud01
Then I heard him say we cannot allow such excess money in circulation. What manner of man. His mop-up strategy is to redesign the naira. The question is,’ will the banks be able to control how much will go into individual holding spaces considering the electioneering process?

Reno Omokri
As Share By A Twitter User, @renoomokri
The redesign of the Naira is a good idea. Kidnappers, bandits and corrupt elements have stockpiles of Naira that they can’t bank. This change will render their billions useless. The pound and dollar have been redesigned multiple times. On this, Emefiele did well!

Peoples Gazette
As Share By A Twitter User, @GazetteNGR
CBN has lost track of N2.7 trillion out of N3.2 trillion banknotes in circulation: Emefiele

SirAnderson Omoba☆📸 ♤♡♧
@omobaanderson
Replying to
As Share By A Twitter User, @GazetteNGR
UK did it a couple of times. If 2.7t can’t be traced it simple means corrupt folks has hid this money in there house politicians especially. Bcos of the volume of d money dey can’t take it to the bank. It will raise eye brows. I tink CBN want to render it useless.

Omoyele Sowore
As Share By A Twitter User, @YeleSowore
As it is customary with criminal policy making, the Central Bank of Nigeria Governor, Godwin Emefiele had already put in place those to defend his latest fraud: The redesign of Naira notes. The most ridiculous defence of all is that it will affect kidnappers!

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