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Nigeria, High Anxiety As New Naira Notes Hit Circulation - Politics - Nairaland

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Nigeria, High Anxiety As New Naira Notes Hit Circulation by naijainfoguide: 7:10am On Dec 16, 2022
On November 23rd 2022, President Muhammadu Buhari unveiled the newly redesigned N200, N500, and N1,000 banknotes at the State House in Abuja, Nigeria.

The higher denominations of the local currency were redesigned by the Central Bank of Nigeria (CBN) after obtaining approval from Mr Buhari.

The action, according to the Governor of the central bank, Mr Godwin Emefiele, was taken to have control over the currency in circulation and also to tackle counterfeiting.

The apex bank said it observed that of the N3.2 trillion in circulation, about N2.7 trillion was not in the banking system, indicating over 80 per cent. To address this issue, the Naira was redesigned.

More details... https://matchrisaff.systeme.io/masterpoint/nigeria-high-anxiety-as-new-naira-notes-hit-circulation
Re: Nigeria, High Anxiety As New Naira Notes Hit Circulation by worldTina(f): 7:12am On Dec 16, 2022
Waiting to see it
Re: Nigeria, High Anxiety As New Naira Notes Hit Circulation by Dreal1247: 7:29am On Dec 16, 2022
Hope the banks have started giving out the new currencies?
Re: Nigeria, High Anxiety As New Naira Notes Hit Circulation by Culioh: 7:34am On Dec 16, 2022
Nothing to be anxious of

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