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Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing / Peter Obi Backs New Naira Policy, Urges Nigerians To Bear With CBN / Nigeria's Economic Problems Not Created By Present Government - Peter Obi (2) (3) (4)

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. by waice6571: 9:36am On Sep 27, 2023
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Re: . by waice6571: 9:57am On Sep 27, 2023
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Re: . by seborrhic: 10:01am On Sep 27, 2023
It should be made a crime for someone not to know how to use his/her commonsense.
If such law existed,people like this op would be in jail by now and no one would be reading such nonsensical threads again.
Re: . by baralatie(m): 10:02am On Sep 27, 2023
Redomination is not your solution at all.
Ask ghanst
They are now bankrupt
Wether they like it or not .the solution for Ghana is to borrow and devalue the cedi which was the solution from the onset
Re: . by baralatie(m): 10:03am On Sep 27, 2023
seborrhic:
It should be made a crime for someone not to know how to use his/her commonsense.
If such law existed,people like this op would be in jail by now and no one would be reading such nonsensical threads again.
😂😂😂
Re: . by waice6571: 10:07am On Sep 27, 2023
seborrhic:
It should be made a crime for someone not to know how to use his/her commonsense.
If such law existed,people like this op would be in jail by now and no one would be reading such nonsensical threads again.

Answer not a foolish boy according to his fooly least you become like him..... There's no way you'll not end this year in jail.
As a man thinketh in his heart so he is...!
Re: . by NotMagicBishop: 10:08am On Sep 27, 2023
It's stupid and only serves to mop up the excess liquidity printed from thin air by Emefile and Sons Printing Press.

I say it's stupid if inflation is not curtailed or else we start seeing further debasement of our currency.

Ghana tried it and they are back to square 1.

Argentina has rolled out several redomination policies since the late 70s but that has not stopped Argentine banks from ordering special pocket calculators that have provisions to do calculation in trillions.


The only solution is to ditch the dollar as a reserve currency and switch to commodity based economy.

But this is near impossible as the money changers have a strong grip on our polity and economy that any leader who tries this will be quickly disposed off if not killed.

See Qaddafi.

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