CBN cites hoarding, counterfeiting as reasons for changing banknotes

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Tribune Online
CBN cites hoarding, counterfeiting as reasons for changing banknotes

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The Central Bank of Nigeria (CBN) has significant hoarding of naira, worsening shortage of clean and fit banknotes as well as the ease of counterfeiting as the reasons behind the decision to redesign and reissue N100, N200, N500 and N1000 notes. The CBN Governor, Godwin Emefiele, who announced the apex bank’s decision to redesign and […]

CBN cites hoarding, counterfeiting as reasons for changing banknotes
Tribune Online