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HomeNewsCBN: Apex bank orders printing of 500 million pieces of redesigned notes

CBN: Apex bank orders printing of 500 million pieces of redesigned notes

Deputy Governor of the Central Bank of Nigeria in charge of Financial Stability, Aisha Ahmad HAS said the apex bank ordered the printing of 500 million pieces of the redesigned notes.

She said this while responding to a question by a lawmaker on the quantities of the redesigned naira notes. Ahmad said she did not have the exact figure and did not want to give a wrong account.

However, in the course of the briefing, she told the lawmakers that 500 million pieces of the redesigned notes were ordered for printing and that the cashless policy and naira redesign by the
CBN was not politically motivated.

The lawmakers had on Wednesday resolved that a deputy governor of the CBN should appear to brief the House in the absence of the CBN Governor, Godwin Emefiele, who is outside the country to attend to health issues.

A lawmaker, Sada Solihad raised concerns over the non-availability of the new notes, days after it was released to the public and asked her to disclose the quantities of new notes printed.in responding to the question, the CBN deputy governor said she does not know the quantities of notes printed by the apex bank. DAILY TRUST

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