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E-Naira
The e-Naira is far cheaper than transfers between different banks and it's supposed to be pretty much instantaneous. If you've ever had to wait for 30minutes for your bank transfer to go through, eNaira is going to be really attractive. In any case, they're not forcing anyone to use it. It's just anRead more
The e-Naira is far cheaper than transfers between different banks and it’s supposed to be pretty much instantaneous. If you’ve ever had to wait for 30minutes for your bank transfer to go through, eNaira is going to be really attractive. In any case, they’re not forcing anyone to use it. It’s just another option that happens to cost far less than its rivals. I really hope it catches on especially among poor people that don’t have ATM cards.
See lessWhy can’t the government print more money?
If government prints more money,then people will gain more money and buy more products and services. It will increase the demand of products and services which will lead to increase in price of goods and services. As a result of which monetary inflation will increase and the value of that country’sRead more
If government prints more money,then people will gain more money and buy more products and services. It will increase the demand of products and services which will lead to increase in price of goods and services. As a result of which monetary inflation will increase and the value of that country’s currency will depreciate.
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