Originally Posted by tonsoyo 
Why did Soludo unilaterally announced proposed Naira decimalization without carrying the Presidency at least the Minister of Finance along?
What is going to be the outcome of this proposal by Soludo, taken into consideration the political implications?
Over to you villagers.
tonsoyo,
I can tell you. Yar'dua is a liar and a coward! It is all a political game for the president.
No Central bank governor, no matter what law they operate under, can revalue the nation’s currency without discussing it with the president.
The president and the minister of finance are afraid of public reaction and the possible outcome of the policy. What is the usefulness of an economic management team that is being set up that has no control over what the CBN does?
Lastly, I can assure you that what Soludo has planned is a sensible approach that carries three obvious advantages:
1. It reduces printing cost of the currency, as the number of denominations would have reduced by half.
2. It will reduce the quantity of the currency that people have to carry on them.
3. May increase the value of the Naira against the Dollar.