Digital currency’s role in the future of central banks
20 November 2018 | 9:19 am
Eswar Prasad, senior fellow at Brookings Institute, discusses how central banks may incorporate digital currencies in the future.
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Before coins were re-introduced, goods or services were priced in multiples of fives because but since the death of coins and the near extinction of some Naira notes, price levels have been affected greatly, which means no goods could be bought for 1 Naira because no such denomination is available, so lowest-priced goods stayed at 5 Naira and Naira 10 Naira. Is there any possibility that coins or the denominations fast going out of circulation will return stronger in the nearest future?
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