This is the same CBN talking about Cashless economy; which more or less means less cash should be circulating in the economy. And then a N5000 bill is introduced.
They don't add up Is this move not antithetical to the cashless policy? I am not an economist, but I am not so idiotic. Is the lack of N5000 bill our problem? The argument that Singapore, Japan and Germany have high denominations which has not prompted inflation does not sound convincing. The character of our economies are fundamentally different.
So is SLS driven by altruistic problem-solving desire or for the official ego of being the one who introduced the highest Naira Bill? Or is it for his love for Nigerian women, three of whose image will grace the Face of the proposed note? Isn't there a better way to honour our mothers? Or is SLS interested in the aftermath of the N40 billion contract for the printing and minting of the new currencies? I am confused.
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