Pres. Yar'Adua Launches New Naira Notes


The Federal Executive Council Wednesday launched the new polymer notes of fifty, ten and five naira, newly introduced by the Central Bank of Nigeria.

The launch which coincides with Nigerians 49th independent anniversary was performed by President Yar’Adua at the council chambers in the presidential villa.

Performing the launch at the beginning of the council meeting president Yar’Adua called on Nigerians to embrace the new currencies as well as strive to keep the naira clean and check the abuse to which the currency has been subjected to over the years.

He said that the campaign to keep the naira clean has further been sustained by the introduction of the new polymers notes and called on Nigerians to embrace the new notes

Before the formal launch of the new notes the Central Bank Governor Alhaji Sanusi Lamido said that the polymer Sub straights is in conformity with international best practices which requires that the currency structure can be reviewed periodically to safe guard integrity as well as ensure efficiency and cost effectiveness.

He said the cost of printing the notes has been reduced while the polymer notes have been found to last longer in circulation.

The Federal Executive Council Wednesday launched the new polymer notes of fifty, ten and five naira, newly introduced by the Central Bank of Nigeria.

The launch which coincides with Nigerians 49th independent anniversary was performed by President Yar’Adua at the council chambers in the presidential villa.

Performing the launch at the beginning of the council meeting president Yar’Adua called on Nigerians to embrace the new currencies as well as strive to keep the naira clean and check the abuse to which the currency has been subjected to over the years.

He said that the campaign to keep the naira clean has further been sustained by the introduction of the new polymers notes and called on Nigerians to embrace the new notes

Before the formal launch of the new notes the Central Bank Governor Alhaji Sanusi Lamido said that the polymer Sub straights is in conformity with international best practices which requires that the currency structure can be reviewed periodically to safe guard integrity as well as ensure efficiency and cost effectiveness.

He said the cost of printing the notes has been reduced while the polymer notes have been found to last longer in circulation.



http://www.channelstv.com/newsdetails.php?news_id=14399



Dear Nairalanders, see what interests the country rite now when her students have been at home for over 3 months, though I know dt we shouldn't neglect other strata of the economy.

Na wah which day ar we going 2 stop wat is nt relevant in d economy strata 2morow dy wil stil change it and giv anoda excuse instead of dem 2 face d problem at hand dy are lunching new notes