The Central Bank of Nigeria has denied reports that the new naira notes are in short supply. Represented by Musa Jimoh, Director, Payment System Management Department, the CBN Governor Godwin Emefiele assured that there is enough supply.
“The CBN has massively supplied the new notes to commercial banks to dispense both at counters and ATMs.”
“This is to enable quick circulation. We want to advise commercial banks to desist from keeping the cash away from the public, ” he said.
Emefiele advised citizens to deposit their old notes at any commercial bank and obtain new ones as soon as possible.
READ ALSO: Reactions as CBN Gov. insist 90 days is enough to deposit old Naira notes
He regretted, however, that it took Nigeria nine years to implement such changes.
“The Monitoring and Sensitisation project was activated by the apex bank for investigation of the attitude of banks toward the spread of the new currencies.
“We are equally using it to create awareness on the use of agents to circulate the cash in communities with few or no bank branches available,” he explained
You may be interested
Troops Rescued 201 Kidnapped Nigerians In Two Weeks – DHQWebby - March 23, 2023
The Defence Headquarters (DHQ) says a total of 201 kidnapped Nigerians have been rescued by troops during various operations in…
“You’re The Best Father Anyone Could Wish For” – Yomi Fabiyi’s Baby Mama Makes U-Turn As She Celebrates Him [Video]Webby - March 23, 2023
Grace Jimoh, the baby mama of Nollywood actor, Yomi Fabiyi, has taken to social media to celebrate him following their…
Festus Keyamo Petitions DSS To Arrest Peter Obi And Yusuf Datti Baba-AhmedWebby - March 23, 2023
Minister of State for Labour and Employment, Festus Keyamo (SAN) has called for the arrested of the presidential candidate of…
Leave a Comment