@OoTheNigerian might make counterfeiting more attractive and also fuel corruption (easier movement of bribe money)
Una wey go school(@Bayobabalola),what's the macro/micro economic implication of high currency denominations.Twitter economists, pass the mic
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@Bayobabalola okaaaay no wonder Dollar is not available in Nigeria ;)
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@OoTheNigerian Real issue shd be d value of d naira. To increase that, we need to import less/export more + get more foreign investment -
@Bayobabalola why don't you write a blog post? - 1 more reply
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@OoTheNigerian Lol. In my view, the economic impact is exaggerated. Won't affect inflation/purchasing power.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@OoTheNigerian but the 150k withdrawal limit should mitigate that. It will save d banking system some of d estimated 190bn spent on cash mgtThanks. Twitter will use this to make your timeline better. UndoUndo
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@OoTheNigerian i think they feel that bankers can lend at better rates if operating cost is reduced (not sure that'll happen)Thanks. Twitter will use this to make your timeline better. UndoUndo
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@OoTheNigerian@Bayobabalola the major issue is 'we' are not ready yet.Denomination change cost so much money. ... http://m.tmi.me/vUTnaThanks. Twitter will use this to make your timeline better. UndoUndo
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