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Author Topic: My last purchase with old Naira.  (Read 176 times)
Adbitco
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February 01, 2023, 05:20:12 PM
 #21

Currently right now Nigeria is in a confused state, why sudden hurry to change currency. I could remembered then when they were changing of 5 Naira, 10 Naira, 20 Naira and 50 Naira Notes, there was no pressure and we were using both together with the old and new notes untill it was totally removed from circulation. No speedy change no urgent deposit and there where no deadline, it was very convenient for people to spend it and used them before sending to bank, even when they changed our 100 Naira Notes there were no pressure why is it that getting to 200, 500 and 1000 Naira Notes the entire country fell into pressure and scarcity of money and from there everything became scars including fuel, food stuff and transportation.

Just as I have been saying earlier about this change of currencies, it will still continue till the end of this year if time not taking it will gets to next year being 2024 so I don't see any reason why you and I should be in a pressure of anything unnecessary changing of notes.

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martyns
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February 01, 2023, 07:41:13 PM
 #22

Currently right now Nigeria is in a confused state, why sudden hurry to change currency. I could remembered then when they were changing of 5 Naira, 10 Naira, 20 Naira and 50 Naira Notes, there was no pressure and we were using both together with the old and new notes untill it was totally removed from circulation. No speedy change no urgent deposit and there where no deadline, it was very convenient for people to spend it and used them before sending to bank, even when they changed our 100 Naira Notes there were no pressure why is it that getting to 200, 500 and 1000 Naira Notes the entire country fell into pressure and scarcity of money and from there everything became scars including fuel, food stuff and transportation.

Just as I have been saying earlier about this change of currencies, it will still continue till the end of this year if time not taking it will gets to next year being 2024 so I don't see any reason why you and I should be in a pressure of anything unnecessary changing of notes.
They decided to change it,so all we have to do is to embrace the change  and use the new one.But what is happening recently especially today really baffled me,that POS point are charging high rate for every widraw they do
at my place,500 naira is 100  naira charge,1000 is 150,100,000 is 20,000,as in,the whole thing is so annoying.You have money in your account but you can't use it,even the charge rate alone will just discourage you.
They better do something about it,because people are really complaining bitterly,and one might just die of hunger,because you have money,but you can't buy.
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February 01, 2023, 10:29:15 PM
 #23

The situation right now is quite stressful. I had to cover an abnormal distance to find a POS to withdraw from. I didn't mind the charge after the second place I entered stated their percentage. Funny enough I was given same old notes every one is in a fuss about.
I had to spend the big notes and kept the lower denominations not affected by the change.
According to the news I heard over the radio, the briefings given to Emefiele by the house of Reps when he was summoned, the old notes can still be returned to the banks even after the deadline. It cannot however be spent on purchases or trade or during any form of commerce that requires  fiat money exchange, once the deadline is due.

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February 01, 2023, 11:59:33 PM
 #24

I just dey imagine wetin for happen if we nor get all these POS operators. Would it have made the withdrawal and circulation of the new notes easier or harder? Na only me or anybody done notice say the 200 notes dey very scarce? Well, for me if okada riders give me old notes I dey collect as long as e nor dey plenty for my hand I nor dey fear. Anyways, one thing wey I know be say the queues and the rubissh wey people dey do because of the scarcity new notes go end this week.
I suffer for bank today, first bank nor dey gree make person enter inside to withdraw only deposit so everybody come dey use atm machine. Them still regulate the atm to dey dispense maximum of 5k in 100 naira notes. I agree say POS na part of the problem, the banks no dey try. For delta state, some banks dey sell naira notes to POS people early hours of the day when this POS people don withdraw all the money finish them go come increase their surcharge to meet up their gain. If you go POS now for my area to withdraw 5k, them go ask you weda you want old note or new notes. The two get different charges.

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February 05, 2023, 05:17:58 PM
 #25

Omo like this the old naira ehnn full for my hand, market for my area no wan collect am, and the new money we no dey see am, na so so transfer I dey do all this while,  even for POS see queue Nigeria like dealing things shaa, but like this I dey hear say even after the deadline banks go stil dey collect the old naira notes so make we dey look the next thing wey go happen to like this my area na new money and transfer dem dey accept no more old money .
Even transportation now them done increase am, and with new money too,
  I swear the thing tire every body

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