Tag: Naira redesign: Purpose
Naira redesign: Purpose, Implications, and consequences
The 200, 500, and 1000 Naira notes will be redesigned by December 15, 2022, according to the Central Bank of Nigeria (CBN). The CBN’s governor, Godwin Emefiele, made this announcement on October 2022, against the backdrop of a weakening Naira and a nearly insolvent economy. By January 31, 2023, the old notes would no longer …
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