J. Emmanuel Bowier has warned that the printing of new banknotes will create more problems in the country than fixing the economy, stressing that the government does not have a “secure reserve” to back the minting of new money. “Printing new money could help or it could harm the situation,” he said. He also urged “people in the system” to derive solutions to fix the system before things get out of hand. The people in power kept it as a top secret and credited money from the old people to pay its employees. “So, if this money problem is not solved in a timely manner the young people could get impatient and cause violence.

Source: Front Page Africa January 15, 2021 04:30 UTC