Reject Dirty Naira Notes From The Bank- CBN


World Teachers Day Celebration Online Quiz for Nigerian Teachers (Win FREE N500 Airtime) – Click Here to Participate for FREE!

The Central bank of Nigeria has urged Nigerians of their right to demand new notes from banks and reject dirty notes as the CBN continues its efforts to rid the country of dirty currency.
Isaac Okorafor, acting director, communications department of the of the CBN said this in a statement.

He also blamed the commercial banks of putting a spanner in the works in the CBN’s attempt to use cleaner notes.

Read Also  Christmas: Prices of tomatoes, pepper drop by 45% in Lagos

Okorafor then spoke on some of the measures taken by the CBN to get cleaner notes in circulation, including, the reduction in the amount it charges banks for sorting the dirty notes for clean ones from N12,000 to N1,000 per box.

He said this reduction in charges was in a bid to encourage more banks to bring in dirty money and exchange it for clean notes which then go back into circulation.

Seeing that the move wasn’t working as planned, the CBN has started making moves to remove the monies from circulation themselves including engaging associations in various markets to encourage traders to change genuine dirty notes for new ones.

Download e-books for education and research for FREE - Click Here

Read Also  CBN weakens Naira to 307/Dollar for first time; 363 at Parallel Market

“The bank has already taken the new measure to Kano, Kaduna and Abuja and also intends to bring it to the south,” Okorafor said.

Follow Us on FACEBOOK, TWITTER

Get the latest BREAKING NEWS inside your e-mail address inbox; fill the form below and click the subscribe button
English Premier League – Fixtures, Results and Table - Click Here Nigeria Premier Football League – Fixtures, Results and Table - Click Here

Do You Know Nigeria? Attempt 10 simple questions on Nigeria for FREE and Win FREE N500 Airtime – Click Here to Participate!

For your news articles, press release, Breaking News, send e-mail to [email protected]

Read Also  FG Set to Release N750bn for Capital Projects

Read Related News....