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Naira, CBN, PDP, FAAC, assets

The inevitable choice between N10,000 note and redenomination

NIGERIA’s Currency   profile has, notably failed to serve the needs of our people and our economy. Arguably, lower denominations of primary kobo coins and low value notes have been largely rejected because of their extremely negligible purchasing power. Overtime, the Naira Currency has lost significant value, as the highest existing compact denomination of N20 (the popular Muri) in 1977 was equivalent to over $20.

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