Finance

No plans to phase out redesigned notes – CBN

No plans to phase out redesigned notes – CBN

The Central Bank of Nigeria has debunked reports that the bank is contemplating the withdrawal of the recently redesigned N1000, N500 and N200 currency…

The Central Bank of Nigeria has debunked reports that the bank is contemplating the withdrawal of the recently redesigned N1000, N500 and N200 currency banknotes.

Read:  As MPC ends today, stakeholders seek urgent solution to naira scarcity

The bank debunked the claims in a statement yesterday signed the acting Director, Corporate Communications Department, Dr. Isa Abdulmumin.

“We wish to state emphatically that such speculation is unfounded and a ploy by some interests to cause panic among members of the public. The new and old currency notes have been circulating side by side just as the Bank has been taking delivery of a good quantity of the redesigned bank notes from the Nigerian Security Printing and Minting Company (NSPMC) Limited,” CBN said

Read:  Banks’ total assets rise 19% to N63trn in 9 months

The apex bank added that “Furthermore, we are committed to supplying the approved indent for the smooth running of the economy and urge members of the public to disregard any report suggesting a phase-out of the redesigned currency.”

Dailytrust

Related posts

MTN Nigeria Posts N269bn PAT In First Nine Months Of 2022

NigGal

Google applications for Africa startups black founders fund open 

NigGal

Banks commence N6.98 USSD charge, customers kick

NigGal

Jaiz Bank wins global most improved Islamic bank award

NigGal

Lagos lists N137bn bond on NGX

NigGal

Airlines, agencies, others win safety awards

NigGal

Leave a Comment