Naira Redesign: We ordered 500m new notes, says CBN
Against the backdrop of complaints by the banking public that banks are not dispensing enough of the redesigned Naira notes the Governor of Central Bank of Nigeria, CBN, Mr Godwin Emefiele, has said that a total of 500 million units of the newly redesigned currency notes were ordered from the minting company. Meanwhile, the apex bank has explained that its research has shown that operators of mobile money services, otherwise known as Point-Of-Sale, PoS, were comfortably accommodated within the revised withdrawal limits. It also allayed the fears that the new cashless policy of the Bank would impede job creation. Emefiele spoke through the deputy governor of the apex bank in charge of the Financial System Stability at the CBN, Mrs Aisha Ahmed, yesterday when appearing before the House of Representatives plenary session in Abuja at the instance of the lawmakers to brief them on the new monetary policies that had become controversial in some quarters. He said that the timing for the implementation of the monetary policies especially the cash withdrawal limit not was neither here nor there, adding that the 90 days notice in the estimation of the bank was enough to get Nigerians sensitized.
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