OPINION: Do You Support CBN Decision To Redesign N200, N500 and N1000 Notes?

The Central Bank of Nigeria (CBN) has redesigned some new naira notes.

Godwin Emefiele, CBN governor, said this at a press conference on Wednesday.

Emefiele said the new design and issues will be effective from December 2022.

He advised Nigerians to take old notes to banks for the new notes.

According to Emefiele, the new notes include N200, N500 and N1000.

MY OPINION:

Still thinking how this can benefit our dying economy positively.

Well, before we condemn and criticize CBN’s decision on redesigning N200, N500 and N1000 notes, other countries of the world, periodically redesign their currencies as well for security purpose. To combat counterfeiting risks and maintain low levels of counterfeiting.

Currently, the counterfeit on N200, N500 and N1000 is too much. I think the Central Bank of Nigeria (CBN) and Godwin Emefiele, are on the right track this time.

What’s your take on this guys?

Do You Support CBN Decision To Redesign N200, N500 and N1000 Notes?

Drop your comment below

The post OPINION: Do You Support CBN Decision To Redesign N200, N500 and N1000 Notes? appeared first on Naijaloaded | Nigeria's Most Visited Music & Entertainment Website.



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