The major thought of every powerless Nigerian is how to survive without cash in the next minutes or next second because of government ad hoc monetary policy on currency redesign. According to the Act that sets up the Central Bank of Nigeria, the only institution that can print the domestic currency is the CBN. Those who designed the Act were conscious of the danger of allowing multiple issuers but never envisaged that such an important task can be carried out without…
Read the full article here