Topic: CBN: How about a N100,N200,N500 Coin plus a N10,000 Note?  (Read 2584 times)

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CBN: How about a N100,N200,N500 Coin plus a N10,000 Note?
« on: September 17, 2012, 11:52:06 am »
That was the Question that came to mind this morning, If CBN is bent on changing the Naira and introducing coins by all means "how about a N100,N200,N500 Coin plus a N10,000 Note?"

Coins has always seen its death because it doesn't have a true money value and seen as small changes and give away currency, If CBN wants coins to stay, then put the real money we spend on coins maybe then we can spend some coins..there is no point carrying 100 X N10 coins if i can have 2 N500 coin shebi?

And since we want higher currency to lower notes and carrying money around, then we can simply introduce N10,000 note with the N5,000 kukuma. We wont be the first to have N10,000 notes.

** Don't crucify me , I'm just trying to find another justification for what we don't want.








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« Last Edit: September 18, 2012, 04:07:37 pm by flukky01 »

 

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