By : Admin | 2 munite read
President Muhammadu Buhari has finally unveiled the much anticipated new Naira notes at the Council Chambers of the State House shortly before the kickoff of this week’s Federal Executive Council meeting.
The denominations which are N200, N500 and N1,000 notes were disclosed today, 23rd November 2022.
The new banknotes were introduced after the Central Bank of Nigeria announced yesterday that the president would officially unvail them today.
According to Godwin Emefiele, the redesigned notes would give the apex bank ample control over the amount of money in circulation.
“This move is to enable the Central Bank of Nigeria have control over the size of money in circulation.
He added that “There is no need to think that the programme is targeted at anyone. During my speech at the unveiling, I said that plans for this started early in the year. We considered the pros and cons carefully.
“In the past, attempts to redesign and reissue currencies have been resisted. Only a President of Muhammadu Buhari’s character could have made it happen,”
Comments
Post a Comment