Is rationale behind changing of currencies genuine?.

hastral45 · Jan 19, 2023

Presently in Nigeria, there are palpable anxiety over the determination of central bank to change some of high denomination naira notes. January month end was given as the deadline.
The rationale behind this as we are told was that this is necessary as there more funds in stock by the politicians which are stored for the purpose of buying votes during 2023 general elections. Hoe trust this is, no one knows.

Chibson · Jan 19, 2023

It is always important to take necessary steps in order to curb illegal activities by politicians. I actually see that as a welcome development.

flower · Feb 16, 2023

I'm so disappointed in the federal government of Nigeria for taking such a bad step at this moment when election is approaching but I know that it is geared towards a foul Play.

Chibson · Feb 17, 2023

There are many reasons the government try to change currencies from time to time, nobody can actually tell if the reason is genuine or not. Let's hope it is not geared towards foul play.

Niyi Briggs · Feb 17, 2023

The approach to changing of currency over the years has always been very smooth. This fire brigade approach that has brought untold hardship on the populace has ulterior motives. I just hope it is all for the best.

Heatman · Feb 17, 2023

hastral45 said:
Presently in Nigeria, there are palpable anxiety over the determination of central bank to change some of high denomination naira notes. January month end was given as the deadline.
The rationale behind this as we are told was that this is necessary as there more funds in stock by the politicians which are stored for the purpose of buying votes during 2023 general elections. Hoe trust this is, no one knows.

The Nigerian government is the most useless and confused government that I have ever seen in my life.

They are just suffering the poor people

Reedex · Feb 18, 2023

It is very correct that the politicians have stocked enough money in their houses to jeopardize the election.

uptrendfinancialsignal · Feb 18, 2023

Nigerians are waiting for the general election and we are still looking for what will come out of it.

Bisolami · Feb 18, 2023

hastral45 said:
Presently in Nigeria, there are palpable anxiety over the determination of central bank to change some of high denomination naira notes. January month end was given as the deadline.
The rationale behind this as we are told was that this is necessary as there more funds in stock by the politicians which are stored for the purpose of buying votes during 2023 general elections. Hoe trust this is, no one knows.

We don't even know when this chaos will end coupled with the fact that election is coming up in the coming week.

eldavis · Feb 27, 2023

In the end, all the efforts was still wasted. The politicians still had enough money to do what they wanted. This election made me realize that the problem we have is not the government or politicians but rather it the citizens who let themselves be used.

Reedex · Feb 28, 2023

eldavis said:
In the end, all the efforts was still wasted. The politicians still had enough money to do what they wanted. This election made me realize that the problem we have is not the government or politicians but rather it the citizens who let themselves be used.

The politicians do not have enough money to spray around during the election because there was no money at all in circulation.

Is rationale behind changing of currencies genuine?.

hastral45

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Chibson

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flower

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Chibson

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Niyi Briggs

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Heatman

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Reedex

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uptrendfinancialsignal

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Bisolami

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eldavis

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Reedex

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