According
to Leadership newspaper, the Central Bank of Nigeria, in an attempt to
reduce the volume of cash baggage and security exposure in cash
transactions, is contemplating the introduction of new currency
denominations of N2,000 and N5,000.
The bank has also made plans to convert N5, N10, N20 and N50 into coins which are all presently notes. Though no one at CBN has confirmed this, but reliable sources told the newspaper that it will happen, they just do not know when it would take effect or when it would be announced to the public.
The bank has also made plans to convert N5, N10, N20 and N50 into coins which are all presently notes. Though no one at CBN has confirmed this, but reliable sources told the newspaper that it will happen, they just do not know when it would take effect or when it would be announced to the public.
N5k note? Oh boy, I don't know how I feel about this!
No comments:
Post a Comment