DYEING A DYING CURRENCY

The news of the change of the Nigerian currency came to us and we were filled with expectations of probably something much better. But we received a rebranded dyed form of our former naira notes. This led to an uproar and high controversy amongst the citizens as they showed their displeasure to the dyed notes, thus leaving them with the question of why it is so. Maybe because our currency has suffered devaluation over the years, and rebranding the currency seems pretty much like the best way to correct it. We have a rebranded currency, but will it solve our problem? Therefore, this article is set to intimate you about all that is there to know about this devaluation that has hit Nigerian currency, why it has happened, and if the rebranding of the naira is the best method to correct it. THE DEVALUATION OF THE NAIRA Currency devaluation is a well-knotted noose that Nigeria is successfully winding a...