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Nairaland Forum / Nairaland / General / Politics / When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) (6302 Views)
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Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by BRIMBRAM: 11:37pm On Jan 28, 2023 |
BeardGangJnr1: How has the electoral reforms failed in Osun? 1 Like 1 Share |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by Foolishbuhari: 11:50pm On Jan 28, 2023 |
Agbado Cretins don turn economists overnight. When borders where shut down; an action which effectively made the economy nose-dive, they were mute because "there was rice in Kano". Today they're emergency economists over a currency Change that puts their electoral fraud at risk. Mad people! |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by BeardGangJnr1(m): 11:55pm On Jan 28, 2023 |
BRIMBRAM:Concerning the Bimodal Verification Accreditation system...and other inec stuff involved.... leading to Adeleke's dethronement |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by BRIMBRAM: 11:58pm On Jan 28, 2023 |
BeardGangJnr1: Okay I see. It's up to Adeleke to prove otherwise. 1 Like 1 Share |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by Lionize: 12:17am On Jan 29, 2023 |
Parachoko:@ the bolded. Anything is possible bro. CBN and The President has told you no going back. |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by OfficialAPCNig: 12:38am On Jan 29, 2023 |
Patriotic Nigeria stands with President Buhari and Emefiele |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by CodeTemplar: 1:31am On Jan 29, 2023 |
EKONGKING:Who wants to trust a govt that wants to give amnesty to killers and cannot name sponsors of terror? A govt of wastage that permits huge leakages but suddenly wants to remove subsidy the masses are enjoying. A govt that pardons the few prominent corrupt public officers. Is that how Modi's govt rolls? 1 Like |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by CodeTemplar: 1:34am On Jan 29, 2023 |
jamace:People are in banks and POS units with old cash but no new notes in sight? How is that a success? 2 Likes |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by Telegram234(m): 5:06am On Jan 29, 2023 |
Blackdeewhy:We have abundance oil, why then we suffer from fuel scarcity.. |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by FarahAideed: 5:11am On Jan 29, 2023 |
juman: How is currency swap cashless policy ? 1 Like 1 Share |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by Felabrity: 5:55am On Jan 29, 2023 |
PrinceOfLagos:jungle don mature |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by Felabrity: 5:56am On Jan 29, 2023 |
PresidentAtiku:Buhari can't stop him on election day He can only do it now |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by bdon123(m): 5:58am On Jan 29, 2023 |
jamace:Nigerians are very stubborn.U giv dem 3 months notice n they wait to d last day to queue up at banks.anybody that losses plenty money becos he cldnt return is an idiot n deserves it |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by PresidentAtiku(m): 6:35am On Jan 29, 2023 |
Felabrity:The thief has lost out already. No heavy either of cash across the counter. How will he get cash on Election Day? |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by Parachoko: 6:47am On Jan 29, 2023 |
Lionize:A lot of people will be affected by this policy and it won't still stop vote buying |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by Obaaderemi2: 6:54am On Jan 29, 2023 |
bdon123:I'm not sure you are in Nigeria, probably you are in far away Somalia, you and the specimen you quoted. Are you not aware that there has been short supply of the new notes since last year when the announcement was made. It's a failed policy that will achieve nothing tangible just like all the other policies of the dullard in aso Rock. |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by Obaaderemi2: 6:55am On Jan 29, 2023 |
Parachoko:How can it stop vote buying when the big politicians already have access to the new notes. Las Las na ordinary nigerians go still suffer am. |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by juman(m): 7:25am On Jan 29, 2023 |
FarahAideed: That is the government targeted. |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by kevoh(m): 7:47am On Jan 29, 2023 |
CodeTemplar:What do you need new notes for? I deposited all my old notes in 1st bank and I've been cashless since shops in my area started rejecting old notes. Paid #500 for 3 bags of pure water through mobile transfer just now. Been doing #500 and #1000 transfers since Friday! World did not end! If shop A doesn't collect transfers. I move to shop B! The people in the pictures below are your normal day-to-day vendors!
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Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by Inayachem: 7:58am On Jan 29, 2023 |
Tokskob2008:See the way a black man thinks, you want to use the destiny of 200m people to do try and luck. This is why dullard Buhari is your president |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by sidney22: 8:23am On Jan 29, 2023 |
Mr Modi's "shock and awe" declaration meant that 1,000 and 500 rupee notes would no longer be valid. These may be the largest denomination Indian notes but they are not high value by international standards - 1,000 rupees is only £12. But together the two notes represent 86% of the currency in circulation Higher denominations are simply useless. Promotes and encourages hoarding. A very wonderful tool for corruption practices. I continue to wish for the Nigeria of old when N20 was the highest denomination and in note form. N10 , N5 , N1 and 50 Kobo were all in note form while 10 Kobo, 5 Kobo , 1 Kobo and half Kobo were all in coins. Even if you are not an economist , you will always agree that having higher denominations is always a format for corruption and destruction of the economy . Nigeria was great when the rich and the poor had Kobo in their pockets because it was in note form. Discarding the Kobo and introducing large denominations ruined the country. We can only get it right when we revert to pre IBB regime when N50 note ( better life) was introduced. At worst let N200 note be the highest denomination in circulation. How many $1000 is in circulation or have you ever seen a £1000 note. Nigeria has been programmed and is being programmed to fail. A particular generation that benefited greatly from all the good and solid foundation laid before now failed this country and it shall never be well with them no matter the wealth they amass. Nigeria we hail thee. 1 Like
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Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by CodeTemplar: 10:51am On Jan 29, 2023 |
kevoh:what about the tomato seller in market who doesn't have electronic banking? Our literacy and tech adoption level are so low, lots of people will suffer. People are rejecting old notes from their customers and cannot by from their merchant. It is crazy and needless. |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by hayoholla(m): 10:53am On Jan 29, 2023 |
This is similar to what buhari is doing, tbh, to move to a digitised based economy will ensure accurate and more tailored tax economy, its now up to the government to be accountable for tax paid by the citizens. |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by Phoen1X: 11:00am On Jan 29, 2023 |
FreeStuffsNG:Are you now asking us not to believe "your" buhari anymore ?...truly ,enemies of naija will loose ,las las. |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by kevoh(m): 11:05am On Jan 29, 2023 |
CodeTemplar:When the tomato seller starts losing customers to other sellers that have switched to the different forms of cashless payment that have been existing for more than a decade now, they will adapt or allow their produce rot away! illiteracy is not an excuse! People will adapt when both buyer and seller can not do business. Hunger does not respect anyone! |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by yemex04(m): 11:39am On Jan 29, 2023 |
PrinceOfLagos: Good morning from this side. Some of you have been getting a lot wrong on the Naira redesign affecting Tinubu & indeed the politicians & vote buying.. You failed to realize that the new notes have gradually been introduced since December long before cash withdrawal limit becomes enforced.You also forget that these politicians have the connection to call Banks CEOs & Bank managers to ship more than enough new naira Notes to their homes before the deadline? I am sure most of them have the cash they need in new Notes already before now. |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by BATified2023: 11:47am On Jan 29, 2023 |
jamace:y then did bank still pay out old notes till Friday? Y was it that atm started dispensing new notes just few weeks ago? These are salient question we should ask ourselves Y didn’t counter n atm start dispensing d new notes since d day they declared it? |
Re: When India Wiped Out 86% Of Its Cash Overnight .See Why & What Happened (Photo) by bdon123(m): 3:12pm On Jan 29, 2023 |
Obaaderemi2:My point is why are u not going cashless since last year.Why are u still collecting bulk old notes frm bank till last minute. Yes there has been short supply of new notes due to sabotage frm bank managers |
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