The Central Bank of Nigeria may be contemplating the introduction of new currency denominations of N2,000 and N5,000. To reduce the volume of cash and security exposure. The bank has also made plans to convert N5, N10, N20 and N50 into coins which are all presently notes.
The policy would make it easier to move large quantities of cash around with little exposure to risk, but financial critics have suggested that it would be a contradiction to the CBN policy to migrate to a cashless economy.The source who could not say when the policy would take effect or when it would be announced to the public
You have read this article with the title CBN To Introduce N5000, N2000 Notes; N50, N20, N10 Coins. You can bookmark this page URL https://meditacaoplanetaria.blogspot.com/2012/05/cbn-to-introduce-n5000-n2000-notes-n50.html. Thanks!
