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Nairaland Forum / Nairaland / General / Business / Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation (16430 Views)
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Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by Gloria00: 11:02am On Oct 28, 2022 |
THE change in the design of the Naira (currency notes) as recently announced by the Central Bank of Nigeria will have no impact on the level of prices in the economy, but could lead to a fall in Gross Domestic Product (GDP) and output.https://tribuneonlineng.com/naira-redesign-will-not-cause-inflation-could-lead-to-fall-in-gdp-rewane/ 9 Likes 2 Shares
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Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by Michelle70(m): 11:04am On Oct 28, 2022 |
If u have dollar, this is ur best chance to buy naira. Naira will be difficult to see as the politicians are in a panic mode and will rush every note out there. Politicians will change their dollars to naira. CBN will produce much naira's but it may not match demand cos there will be naira rush as u have only 45 days to get enough Naira. U will go to the bank and hear that there is no money. 9 Likes 1 Share |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by Light78: 11:18am On Oct 28, 2022 |
A fall in GDP spells doom!!! 4 Likes 1 Share |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by BloomingDale(f): 11:38am On Oct 28, 2022 |
Michelle70: Why? 4 Likes 1 Share |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by Michelle70(m): 11:46am On Oct 28, 2022 |
Hehehe. |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by ecolime(m): 11:49am On Oct 28, 2022 |
I just dey pity Bank branch workers. Dem go count money tire. This coming election go sweet ehn... E go hard to bribe the electorates abi na transfer urchins, Mikano boys, MC, Kabaka, etc. go do now? Emefiele na bastard I swear. Congrats in advance to Peter Obi. 33 Likes 4 Shares
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Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by Weedhustler: 11:50am On Oct 28, 2022 |
By 16th of December 2022, we fit dey pick bundles of #1000 for road side ooo...get ready! 28 Likes 2 Shares |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by Emman08: 11:50am On Oct 28, 2022 |
I have not read anywhere where anyone explains why this naira redesign is even necessary 26 Likes 2 Shares |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by Boogyman557: 11:50am On Oct 28, 2022 |
Holly Gram chai, dis CUNTREE! That is y I de SMOKE WEED sotey my EYES go be like PESIN wey SLEEP de catch! LITE UP my WEED in peace WTF MAN! 1 Like
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Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by playapayaski: 11:51am On Oct 28, 2022 |
Is this our problem or any solution? |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by bigdammyj: 11:51am On Oct 28, 2022 |
Noted. |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by Bantino(m): 11:51am On Oct 28, 2022 |
A lot of speculations behind this Naira redesign 1 Like 1 Share |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by Akinsete19(m): 11:51am On Oct 28, 2022 |
If you bury money in the underground layers, pits, tunnels, cemetery, or water tank. Please tell me the location. I need money urgently. 7 Likes 2 Shares |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by money121(m): 11:52am On Oct 28, 2022 |
Ok |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by 5iine: 11:52am On Oct 28, 2022 |
. |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by baralatie(m): 11:53am On Oct 28, 2022 |
Meaning a sharp fall in naira dollar value 1 Like 1 Share |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by Ancecoker(m): 11:53am On Oct 28, 2022 |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by Moh247: 11:53am On Oct 28, 2022 |
nicely clearified ... no inflation, 1 Like |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by Realists(m): 11:53am On Oct 28, 2022 |
Okoro CBN governor wants to cash out on our little resources. 3 Likes |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by Moferere: 11:53am On Oct 28, 2022 |
Okay o I believe Riwane |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by SmartPolician: 11:53am On Oct 28, 2022 |
If we have 3 trillion naira outside the reach of our commercial banks, Nigeria has a cause to worry. So, anyone critizing this redesign of naira may have an ulterior motive. This could be the best policy that Emefiele will be remembered for because I am yet to think of any. PS: Naira should have an expiry date of 15 - 20 years. It will reduce high-level financial embezzlement and hoarding 13 Likes 4 Shares |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by YourHerbalOrgan(f): 11:54am On Oct 28, 2022 |
while the value keep deteriorating every seconds. 2 Likes 1 Share |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by baralatie(m): 11:54am On Oct 28, 2022 |
Bantino:Because the past naira redesign,withdrawal and resupply in the past did little 3 Likes 1 Share |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by SmartyPants(m): 11:54am On Oct 28, 2022 |
I'm surprised such a renowned economist could present such views. It is a trite principle of economics that GDP and inflation share a directly proportional relationship. Of course, a fall in GDP will lead to a fall in inflation. 14 Likes 2 Shares |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by MrCGPA(m): 11:54am On Oct 28, 2022 |
R |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by Truth234(m): 11:54am On Oct 28, 2022 |
no |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by Goodnigga: 11:54am On Oct 28, 2022 |
Michelle70:after buying the naira, what is the value of it? 2 Likes |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by lexrichy(m): 11:55am On Oct 28, 2022 |
Typical apc government,Doing the wrong thing at the wrong time. 2 Likes |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by jeeqaa7(m): 11:55am On Oct 28, 2022 |
right |
Re: Bismarck Rewane: Naira Redesign May Cause GDP Fall But Not Increased Inflation by Michelle70(m): 11:56am On Oct 28, 2022 |
Goodnigga:u wait till after election then u sell it and get dollar back. cos everything will go back to normal 1 Like 1 Share |
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