CBN cites hoarding, counterfeiting as reasons for redesigning naira

October 27, 2022

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Tribune Online
CBN cites hoarding, counterfeiting as reasons for redesigning naira

CBN to redesign, CBN raises benchmark interest rate to 15.5% at September MPC Meeting, Nigerians to start using USSD, Court strikes out Emefiele's suit, PDP blasts Emefiele, INEC honour court cummons, Emefieles resignation double standard, CBN releases N3.5bn rebate, Sale of forex to banks will end soon, CBN extends N23.20bn funding, Emefiele mulls IFC in Lagos, CBN to stop watch-listed, CBNNigeria Emefiele, banking cash open forex teller points, Emefiele financial operations, CBN leaves lending rate, CBN boosts poultry sector, CBN Special Bills, access N25billion facility, zero balance accounts, shipping companies, CBN, Export cargo, CBN wheat production, forex, companies, cbn Nigeria to end 2020 with $34.3bn, CBN, Maize, loan defaulters, n15 trillion, access CBN interventions

THE Central Bank of Nigeria (CBN) has cited vital hoarding of naira, worsening scarcity of fresh and match banknotes as nicely as the benefit of counterfeiting as the reasons behind the choice to revamp and reissue N100, N200, N500 and N1000 notes. The CBN Governor, Godwin Emefiele, who introduced the apex financial institution’s choice to revamp […]

CBN cites hoarding, counterfeiting as reasons for redesigning naira
Tribune Online

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Author: Joseph Inokotong – Abuja

CBN cites hoarding, counterfeiting as reasons for redesigning naira

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