Posts

RE: The CBN redesign Attempts: Tilting Towards The Wrong Monetary Policies

avatar of @joetunex
25
@joetunex
·
·
0 views
·
1 min read

I feel that spending billions of naira to redesign a new note and create demand for the Nigeria naira

I don't understand how demand for Naira is created just by redesigning, value isn't going to come from how fancy the currency looks or its domination.

I might not be the most clued up when it comes to the monetary system but creating a new note is just a waste of resources. There are other areas to focus on to give some strength to the Naira, through international business with other nations, maybe putting out the option to get paid in Naira, etc.

Posted Using LeoFinance Beta