Alprazolam With Mylan On It

The Nigerian Central Bank Governor, Professor Soludo, really meant it Alprazolam With Mylan On It when he said he wanted the Nigerian naira to become the Alprazolam With Mylan On It legal tender in West Africa. I recently blogged about Nigeria as a Alprazolam With Mylan On It black superpower; I think Soludo too believes that. He has outlined plans to Alprazolam With Mylan On It revalue the naira by cutting off two zeros from it, or Alprazolam With Mylan On It as he calls, by shifting the decimal two places to the Alprazolam With Mylan On It left. This would mean that the note currently called 1,000 naira – the highest naira note – would become 10 naira, while a Alprazolam With Mylan On It new 20 naira, which would be the highest naira note, would be Alprazolam With Mylan On It introduced. There is nothing bad at all in that, as he rightly pointed out, so many other countries have Alprazolam With Mylan On It done the same, although his list did not include Zimbabwe. What one wonders about are Alprazolam With Mylan On It the reasons he gives for the restructuring. I am not an Alprazolam With Mylan On It economist but I will try a discussion of some of the Alprazolam With Mylan On It points he gave.

To prepare the way for making the naira internationally convertible. I have Alprazolam With Mylan On It no idea how cutting off two zeros from the currency would make it Alprazolam With Mylan On It internationally convertible. What underlines international convertibility is normally the performance of the Alprazolam With Mylan On It economy, not the amount – how large or how small it sounds – at which it Alprazolam With Mylan On It stands against another currency. For instance, the Yen trades at over a Alprazolam With Mylan On It hundred dollars, but it doesn’t change its status as an Alprazolam With Mylan On It internationally convertible currency. The same goes for the West African CFA, although for Alprazolam With Mylan On It a different reason (the Alprazolam With Mylan On It CFA is tied to the Euro, and so directly convertible to Alprazolam With Mylan On It it, through the assurance of the French treasury).

To strengthen public confidence in the naira. If what Alprazolam With Mylan On It the people need is false confidence then this might be nice. But one should remember that Alprazolam With Mylan On It false confidence is soon eroded if inflation is not stemmed. It is Alprazolam With Mylan On It not about the absolute value of the money you hold, but how much it Alprazolam With Mylan On It can buy in the market.

To make naira the reference point in Africa. Well, I really wonder how restructuring the Alprazolam With Mylan On It currency would do this. The economy, the economy… one needs to scream that a number of times.

To promote the usage of coins. This is Alprazolam With Mylan On It ok, although I wonder if this is the only way to Alprazolam With Mylan On It promote the use of coins.

One thing that Alprazolam With Mylan On It nobody has mentioned is that it might make it easier for Alprazolam With Mylan On It those lugging Ghana-must-gos around to carry much more money in smaller numbers of bags. I am Alprazolam With Mylan On It talking about alleged bribery of National Assembly members.

This is Alprazolam With Mylan On It my two-penny; I leave the debate to the economists around here.