Printing Poverty: Why Bigger Naira Notes Will Only Shrink Nigeria’s Economy

When Quartus Economics recently advised the Central Bank of Nigeria (CBN) to introduce ₦10,000 and ₦20,000 notes to “restore the naira’s portability” and reduce the cost of cash transactions, it sounded, at first blush, like a harmless economic suggestion. But beneath that veneer of convenience lies a deeply flawed logic that could push Nigeria further

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