Nigerians have criticized the “redesigning” of the country’s local currency proposed by its central bank to rein in counterfeiting and hoarding of large sums outside the banking system. President Muhammadu Buhari unveiled the redesigned 200-, 500-, and 1,000-naira notes on Wednesday, saying “the new Naira banknotes have been fortified with security features that make them difficult to counterfeit.” The new notes look very similar to those currently in circulation.
The value of the Nigerian naira has been in a decline in recent years, falling to a record low on the black market where it traded at nearly 800 to the US dollar as of Friday. “It doesn’t change anything,” Rewane says of the redesigning of the naira. “It doesn’t increase the value,” he also says, adding: “There was no redesign. The color of the currency changed that’s all. The change is not significant enough to stop counterfeiting.
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buhari is a pure calamity to humanity.
Niger? Please …..
An uninformed, loud and unpatriotic minority
A clueless government, and the worst ever the nation had got. It boasted about the redesigned naira, only to come up with a re-coloured currency notes. In fact, many people would have to be careful so as not to mistake those notes for others.
Atleast the ‘locals’ don’t go around shooting people in schools and malls.
Were your 'many locals' impressed?
You should focus more on Gun Violence in America... you despicable set of human being
They just scammed us, using just one colour block of the four, like I no understand how I take pass tru Nigeria come... 🙄🙄🙄
How is that ur problem? Focus on the daily mass shootings in your schools.
How is this supposed to be a news
How does our currency redesign, design and colour affect you?
Focus on the gun violence in the US, don’t meddle into our affairs
Perhaps people are equally unimpressed with these Nigerians? Perhaps they too are too similar to their previous versions. Shouldn't we be discussing human rights and not how to remove the spittle of the drooling military fools. Let's hope it all goes away soon. It's pestilence.
The looters who have lots of cash hidden will disagree.
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