Restarting Nigeria’s Economy: Can a Currency Swap Curb Inflation?

I suggest the Nigerian government consider a currency swap similar to Ghana’s recent reform. All existing naira notes would be withdrawn and replaced with new lower-denomination bills. Introducing a top denomination of ₦250 could better match today’s price levels and help check runaway inflation. This measure might restore confidence and stabilize costs in everyday transactions. I recognize this idea may raise questions, but I believe it deserves serious government review if we want to truly reset the economy.

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