The Central Bank of Nigeria (CBN) has approved the issuance of a Clean Note Policy and Banknote Fitness Guidelines.

The guidelines would be launched in Lagos tomorrow. The documents would be unveiled by the CBN Governor, Mr Godwin Emefiele.

The Clean Note Policy provides a uniform standard for the circulation of only clean and fit banknotes in Nigeria; while the Banknote Fitness Guidelines provide the industry with clear and acceptable criteria for determining the quality of banknote in circulation.

These documents were developed after extensive collaboration and engagements with key industry stakeholders under the auspices of the Nigerian Cash Management Scheme, a Bankers’ Committee initiative.

“The intention of the Bank is to ensure that unfit, dirty, mutilated and counterfeit banknotes are not in circulation in Nigeria. This is in pursuant to Section 18,20 & 21 of the CBN Act 2007, which prohibits the counterfeiting, sale and abuse of the Naira.

“The Bank cannot achieve these objectives without the collaboration of deposit money banks, merchant banks, microfinance banks, government agencies, Cash-in-Transit (CIT), cash processing companies (CPCs), market associations, merchants/retailers, chambers of commerce and industry, security agencies, currency management equipment manufacturers , bank customers and the general public.

“The Bank has developed a mechanism to ensure full compliance with the documents by stakeholders. Compliant channels such as phone and emails would be provided to enable the general public to provide information on infractions of the two documents,” a statement from the CBN explained.

SOURCE: https://brandspurng.com/2019/04/29/cbn-set-to-launch-clean-note-policy-banknote-fitness-guidelines/

Pls dey shld concentrate on d #100 notes in circulation... Those notes are responsible for most of d Illnesses Nigerians suffer.. I'm sure so many of dis New generation children don't know what 100 note is supposed to look like, What dey know is what it now looks like

Pls dey shld concentrate on d #100 notes in circulation... Those notes are responsible for most of d Illnesses Nigerians suffer.. And dey shld start from our useless banks.. Imagine banks rejecting d same bad notes dey have been circulating..

Clean notes isn't the problem, see how u can add value to weight of naira in exchange Market. We keep chasing shadows in this country while the real problem are swept aside.

Just another way to syphon money....

How will they ensure compliance of Okada riders, tomato sellers, mama put food vendors
What is important for now is let them release 100 naira notes Into circulation abeg

Print 100naira notes na... Wedding MC

Can they just reduce the width of our Naira to that of the dollar, euro, rand etc.
The money just large like foot mat e no de even gree fit or enter wallet.

So so talk

@ CBN, All we are saying......., give us new #100 notez.


Since Buhari became the President, CBN hasn't print a single #100 note

Yahoo and G boyz should take note....

Hg

I support everyone's views, 100 naira note should be the first on the policy. But no one can really stop mutilated and dirty notes in Nigeria.

More focus should be on less physical handling of money through effective implementation mobile money and cards linked to phone numbers.

#100 note should be their priority

how will that make the money get to the common man

It can never work because of d mentality of nigerians

They should also see to how bank can have atleast 20 cashiers for deposit and 15 cashiers for withdrawal. Also, out of 10 Atm machines in a bank, 7 must be working non stop. Banks be treating customers anyhow on top their money. You go queue tire for bank, at the end of the year. Bank go declare billions as profits.

8GB Atm card flash drive for #1000 only. Check link
https://www.nairaland.com/4972442/clearance-sales-quality-8gb-atm

I learnt Swiss Franc notes are almost crisp at any point in to.e. How true?

Good

SoftP:
Clean notes isn't the problem, see how u can add value to weight of naira in exchange Market. We keep chasing shadows in this country while the real problem are swept aside.

Just another way to syphon money....

Value starts from appearance. A dirty and badly torn 1000 naira is disgusting to handle. If speaks volume about we as a people. Don't you like mint? You take mint to spray in weddings because you appreciate its neatness. Let's be clean first abeg

JI

Kendumazy:
They should also see to how bank can have atleast 20 cashiers for deposit and 15 cashiers for withdrawal. Also, out of 10 Atm machines in a bank, 7 must be working non stop. Banks be treating customers anyhow on top their money. You go queue tire for bank, at the end of the year. Bank go declare billions as profits.

Nice suggestion.

Kendumazy:
They should also see to how bank can have atleast 20 cashiers for deposit and 15 cashiers for withdrawal. Also, out of 10 Atm machines in a bank, 7 must be working non stop. Banks be treating customers anyhow on top their money. You go queue tire for bank, at the end of the year. Bank go declare billions as profits.

Nice suggestion

With the mutilated 100 naira notes in circulation, what a joke

�
Nigerians go still squeeze, fold, dirty the notes.

Nbote:
Pls dey shld concentrate on d #100 notes in circulation... Those notes are responsible for most of d Illnesses Nigerians suffer

Their Matter Tire Me O