tag:blogger.com,1999:blog-8366709606525212900.post302617814784139622..comments2024-01-24T19:13:57.923-06:00Comments on Tyra Mike: Revaluing the Nigerian Naira.Unknownnoreply@blogger.comBlogger9125tag:blogger.com,1999:blog-8366709606525212900.post-39878100043960220892010-08-18T20:33:08.937-05:002010-08-18T20:33:08.937-05:00Nice brief and this mail helped me alot in my coll...Nice brief and this mail helped me alot in my college assignement. Say thank you you for your information.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8366709606525212900.post-60797680487292080162007-08-28T23:25:00.000-05:002007-08-28T23:25:00.000-05:00This was a welcomed change, and almost all the peo...This was a welcomed change, and almost all the people I have talked to really were looking forward to this change. Whenever I visit Nigeria (once, every two years) I am at a loss with currency, and usually have my local friends and family handle the money. N350 for a bottle of beer (N600 at Sheraton, Ikeja.) <BR/><BR/>I remember paying N2.50 for a bottle when I lived there. Having said that, as an economist there is no real change in a re-denomination, and it can be done successfully if the government takes time and effort to educate the people.<BR/><BR/>what's the point of being a millionaire with no real buying power? This was one of the best news to come out of nigeria in agesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8366709606525212900.post-18248528037283795212007-08-28T23:18:00.000-05:002007-08-28T23:18:00.000-05:00This comment has been removed by the author.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8366709606525212900.post-59761743640295569652007-08-27T04:06:00.000-05:002007-08-27T04:06:00.000-05:00Thanks Marin.Thanks Marin.Tyra!!!https://www.blogger.com/profile/10665926436252387087noreply@blogger.comtag:blogger.com,1999:blog-8366709606525212900.post-29042575486616265002007-08-20T15:11:00.000-05:002007-08-20T15:11:00.000-05:00Vera, I'm with ekwi on this one, redenomination is...Vera, I'm with ekwi on this one, redenomination is totally different from revaluation. I was in russia when the same thing was done there in 1998. If properly managed, it won't make any difference to the poor. But, with Nigerian mentality, where everyone wants to become a millionaire, even if it is just in naira, I don't know o....<BR/><BR/>Nice blog by the way.Marinhttps://www.blogger.com/profile/16923518079515531310noreply@blogger.comtag:blogger.com,1999:blog-8366709606525212900.post-90265525045722675592007-08-20T05:14:00.000-05:002007-08-20T05:14:00.000-05:00Well said. This is a short term solution to a long...Well said. This is a short term solution to a long term problem. They are selling people a dream that the Naira will stand shoulder to shoulder with the dollar. It is a LIE!<BR/><BR/>In the long run, only the strength of the economy can sustain the strength of the Naira. How can this happen when we have a manufacturing industry on it's knees? I tire o!Atutupoyoyohttps://www.blogger.com/profile/00568377395401525211noreply@blogger.comtag:blogger.com,1999:blog-8366709606525212900.post-25902984875328761542007-08-20T04:50:00.000-05:002007-08-20T04:50:00.000-05:00I'll hollaI'll holladiary of a Ghttps://www.blogger.com/profile/06065336956844638205noreply@blogger.comtag:blogger.com,1999:blog-8366709606525212900.post-72384624048578801522007-08-20T01:22:00.000-05:002007-08-20T01:22:00.000-05:00Ekwi, i suggest u do three things before u can com...Ekwi, i suggest u do three things before u can come back to this blog. <BR/>1. Pick up any dictionary and check the meaning of re-valuation<BR/>2.Check the meaning of re-denomination.<BR/>3.Check ur facts before u return.Tyra!!!https://www.blogger.com/profile/10665926436252387087noreply@blogger.comtag:blogger.com,1999:blog-8366709606525212900.post-5013809643781527072007-08-20T00:20:00.000-05:002007-08-20T00:20:00.000-05:00Vera, the CBN is redenominating the naira, not rev...Vera, the CBN is redenominating the naira, not revaluing it as you have written. Those are 2 different things. I suggest you check your facts again.Anonymousnoreply@blogger.com