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June 17, 2024

Experts yarn say di decision to change naira design dey positive for economy

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Naira

Some financial experts don yarn say Central Bank of Nigeria (CBN) decision to redesign naira go make sense wella. Dem yarn say e go get positive effect for di economy.

Di experts yarn dia point for separate interviews with di News Agency of Nigeria (NAN) for Abuja on Thursday.

Dem talk against di backdrop announcement by CBN. Dem yarn say di new designs of di N200, N500 and N1,000 denominations go dey produced and dem go make sure say e reach everywhere on Dec. 15.

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According to Prof. Umhe Uwaleke, one financial economist and professor of capital market for Nasarawa State University, Keffi, di decision go dey positive for di economy for di medium to long term.

Uwaleke yarn say di standard go help wella to make sure say di naira wey dey in circulation outside di banking system go enter di banking system again.

He yarn say di measure go bring enough liquidity for banks, and more money for di banks to borrow pipo.

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