The Central Bank of Nigeria (CBN) has said it has been taking delivery of a good quantity of the redesigned bank notes from the Nigerian Security Printing and Minting Company (NSPMC) Limited.
The therefore reaffirmed that it has no plans to phase out the redesigned naira notes.
In a statement, the CBN Acting Director, Corporate Communications Department, Dr. Isa AbdulMumim said the apex bank’s attention has been drawn to a fake news item circulating in the media, particularly in the social media space, suggesting that the bank is contemplating the withdrawal of the recently redesigned N1000, N500 and N200 currency banknotes from circulation.
“We wish to state emphatically that such speculation is unfounded and a ploy by some interests to cause panic among members of the public. We wish to reiterate that the new and old currency notes have been circulating side by side just as the bank has been taking delivery of a good quantity of the redesigned bank notes from the Nigerian Security Printing and Minting Company (NSPMC) Limited,” he said.
He said the bank is committed to supplying the approved indent for the smooth running of the economy.
“We, therefore, urge members of the public to disregard any report suggesting a phase-out of the redesigned currency.
