The name of the national currency will still be the Naira.
BEAUTIFUL AND Cyat PEOPLE ARE HERE:). How are things tonight? Currency redenomination is the process where a new unit of money replaces the old unit with a certain ratio.
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How will the Naira be redenominated? It is achieved by removing zeros from a currency or moving some decimal points to the left, with randon chat aim of correcting perceived misalignment in mi currency and pricing structure, and enhancing the credibility of the local currency.
TY [sooner patriot] I think we are in a timing issue and just waiting like all of you!
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I believe there is a date and time they are going to do this even though everything is done. There are still people telling us they are at the bank still.
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It is by dropping two zeros from the currency or moving two decimal places to the left. I'm not going to the bank yet until this is over. We still don't understand what the holdup is.