Cbn To Spend About N4 Billion To Print New N5,000 Naira Notes, Others!!! - Business - Nairaland
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| Cbn To Spend About N4 Billion To Print New N5,000 Naira Notes, Others!!! by bamasite(m): 8:16pm On Aug 29, 2012 |
It has been alleged that the Central Bank of Nigeria (CBN) will spend about N40.3billion to produce its new coins and Naira notes. Out of the amount, N11.8billion will be spent on the new N20, N10 and N5 coins. “The bank is spending over N40billion on the production of new coins and notes.” a member of the board of the CBN disclosed to Punch Newspaper. “The N40billion is the total sum for the production of the coins and the new notes” stated the CBN Board member, who does not want to identified. According to the source, the CBN, at its board meeting two months ago decided that most of the new notes and coins would be printed by the Nigerian Security Printing and Minting Company. more details here:http://successsecrets01..com/2012/08/cbn-to-print-new-n5000-notes-others.html |
| Re: Cbn To Spend About N4 Billion To Print New N5,000 Naira Notes, Others!!! by werepeLeri: 9:07pm On Aug 29, 2012 |
Were they not spending money to print currencies before? Even the coins that were not much in use are still printed. So? |
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