November 23, 2024
New Naira notes

The Association of Bureaux De Change Operators of Nigeria (ABCON), says that the naira redesign policy of the CBN has fuelled the stability of the naira at the parallel market.

Alhaji Aminu Gwadabe, President ABCON, stated this in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos.

NAN reports that Gwadabe spoke against the backdrop of the outlook of the naira as the January 31 deadline for the swap of the old naira notes with the new ones approaches.

“The naira redesign and the security surveillance of the financial system have stemmed the volatile demand pressure in the parallel market.

“This explains the stability witnessed at the retail end of the  parallel market,” Gwadabe said.

The ABCON chief said that the naira had traded within a stable band of N750 to the dollar since the introduction of the policy till date.

He said that the exchange rate had remained stable in the face of the shortage of supply of the dollar in the market.

According to him, the lack of available new naira notes have continued to raise fears and concerns among average Nigerians.

He urged the CBN to continue its advocacy and stakeholders engagement to ensure a seamless transition of old notes to the new ones. (NAN)

911 thoughts on “Currency redesign policy fuels naira stability — BDCs”

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  42. Meanwhile, Musk had also endorsed Dogecoin, over Ethereum saying that DOGE can be used to make Decentralised Finance (DeFi) more accessible to everyone. DeFi systems, is a blockchain-based form of finance that does not rely on financial intermediaries such as brokerages, exchanges, or any banks to offer services. Such platforms allow users to keep custody of their Ethereum-based crypto assets. Now, Dogecoin has outlasted almost all the early derivative altcoins and has a thriving community of investors. In 2014, Dogecoin holders sponsored the Jamaican Bobsled Team. Soon after, they sponsored a NASCAR driver. At its core, Dogecoin is a Proof-of-Work cryptocurrency, which means that it relies on a network of cryptocurrency miners to verify transactions and ensure all network participants are in agreement on the state of the distributed ledger. In return for employing their computational power to secure the network and verify on-chain data, Dogecoin miners are compensated with DOGE tokens.
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  47. Ten en cuenta que es posible que quieras utilizar varios tipos de billeteras Bitcoin. Por ejemplo, puedes utilizar un monedero de hardware para grandes cantidades de Bitcoins, pero también tener un monedero móvil con un pequeño saldo para pagos del día a día. Como decíamos, una wallet es un monedero digital en el cuál almacenamos nuestras criptos. Esto facilita el poder disponer de ellas en cualquier plataforma dedicada a la tecnología Blockchain. Estas plataformas son compatibles con la oferta de las diferentes wallets del mercado permitiendo al usuario poder hacer uso de sus criptoactivos de una forma totalmente descentralizada. Una cadena de bloques o blockchain es un registro digital de transacciones. En el campo de las criptomonedas, es el historial de transacciones de cada unidad de criptodivisa que muestra cómo sus propietarios han ido cambiando a lo largo del tiempo. El blockchain funciona registrando transacciones en bloques, añadiendo los nuevos en la parte delantera de la cadena.
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    Quizás el mayor problema para la aplicación de la ley es la gran cantidad de intercambios no regulados, en los que los delincuentes pueden borrar las huellas de su robo mediante el blanqueo de la criptomoneda robada en otras formas de riqueza. Muchos intercambios desafían las leyes abiertamente: BTC-e y el servicio de conversión Shapeshift, por ejemplo, se venden con la promesa de no solicitar ninguna identificación a sus usuarios. El fundador de Shapeshift, Erik Voorhees, es especialmente franco sobre las implicaciones políticas de la regulación. “En consecuencia, Azamat no pudo devolver todos los aproximadamente 900.000 dólares en forma de bitcoin; alguna cantidad tendría que ser devuelta en efectivo o en forma de otras criptomonedas”, dice la queja.

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