Re: USA Africa Dialogue Series - Re: Currency Swap

Here is how King Charles treats his subjects after replacing his mom on the bank notes with no deadline and no gragra swaps: https://www.bankofengland.co.uk/.../king-charles...

On Thursday, 23 February 2023 at 17:40:41 GMT-5, <bikozino@yahoo.com> wrote:

Ken,

Na lie o. Anyway, who knows where you have been.

Here is how King Charles treats his subjects

https://www.bankofengland.co.uk/banknotes/king-charles-banknotes#:~:text=We%20unveiled%20the%20design%20of,banknotes%20will%20remain%20the%20same.

Biko

On Feb 23, 2023 3:51 PM, "Harrow, Kenneth" <harrow@msu.edu> wrote:

i've twice beenin countries where they ended the old currencies. one was the u.k., the other france. in both cases—nd i'd add for the euro at its inception—the old currencies had a deadline date, after which the currency was worthless (except as souvenirs)

ken

kenneth harrow

professor emeritus

dept of english

michigan state university

517 803-8839

harrow@msu.edu

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From: usaafricadialogue@googlegroups.com <usaafricadialogue@googlegroups.com> on behalf of Cornelius Hamelberg <corneliushamelberg@gmail.com>
Sent: Thursday, February 23, 2023 3:23 PM
To: USA Africa Dialogue Series <usaafricadialogue@googlegroups.com>
Subject: USA Africa Dialogue Series - Re: Currency Swap

 

Many thanks for misleading the general public that "in countries where authoritarians do not enjoy humiliating their own people", what they do instead is let the old currencies "circulate as legal tenders along with the new designs until they circulate out into the banks for retirement." Not totally true. Perhaps true of some but not entirely true of really progressive countries like Sweden ( Subject to ratification by Baba Kadiri, of course).

Perhaps the author or Editorial board of that Nigerian newspaper article would like to write a special epistemic proposal paper/ a pious trailblazing academic paper either on how to decolonize the art and science of changing a postcolonial nation's way of thinking about setting up reasonable timeframes and deadlines for the complete change over from the old currency to the new currency to be completed successfully, inflicting as little pain as possible on the hapless citizens and the business community,, preferably, inflicting no pain at all on poor citizens.(The rich citizens don't feel any pain, perhaps because they usually guard their  enormous amounts of money more fiercely, sometimes with tanks, and machine guns, weapons of mass destruction, and even nuclear bombs if need be) 

Did you hear what Ms Amina J Mohammed said about developing countries' access to finance ( loans) and the problem of debt-servicing when she delivered The Dag Hammarskjold Lecture 2022 , whereas the already rich counties can borrow at 1% interest rates ( sounds a bit low) the struggling nations are charged between 8 to 9 % riba? 

The state of Nigeria's economy is one of the issues that could have been covered in a  presidential debate which we are to assume that e.g. Alhaji Atiku would not have been looking forward to without great trepidation since the other two ( Tinubu and Obi and of course Rabiu Kwankwaso would have hammered him mercilessly on some of the economic issues and above all, how would he ( Alhaji Ariku)  have defended himself for saying that the date for exchanging the old naira should not be extended beyond 10th of February - thus making it abundantly clear that he is not the poor man's friend, but on the contrary a bona fide enemy of the long-suffering people...

https://www.youtube.com/user/flamencoguitarsale

On Thursday, 23 February 2023 at 13:31:36 UTC+1 Biko Agozino wrote:

End deadlines for old currencies and let them circulate as legal tenders along with the new designs until they circulate out into the banks for retirement. That is how it is done in countries where authoritarians do not enjoy humiliating their own people.
Currency swap: How not to run a country - Part 2

Currency swap: How not to run a country - Part 2 Overall, Emefiele has proven more of an awful manager of the monetary policy and the entire affairs of the apex ...

Biko

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