Central Bank Of Nigeria (CBN) Says We Are Continuing To Print New Money Now The Central Bank of Nigeria (CBN) has said that it is continui...
Central Bank Of Nigeria (CBN) Says We Are Continuing To Print New Money Now
The Central Bank of Nigeria (CBN) has said that it is continuing to print new currency notes, but Nigerians are still struggling saying that they continue to face problems in getting the currency notes.
This issue has resurfaced at a time when some Nigerians continue to complain about how they cannot get the amount of currency notes they actually need in commercial banks apart from the problem of machines and efficient service in sending or receiving money through the Internet or the software of banks that are often affected by them.
In his statement, the CBN, through the director of banking affairs of the bank, Malam Haruna Bala Mustapha, said that the bank continues to print new banknotes and distribute the old currency in order to achieve prosperity in this country, saying that some In this country, when they get new money, they save it to prevent what you have gone to come back in the future and soon things will be much easier.
If it can be remembered that on the 3rd of March, the Supreme Court decided to extend the period of use of the 200, 500 and 1000 Naira notes to the 31st of December, 2023 after the back-and-forth that was done It has taken the decision to withdraw the old currency notes from the community since the end of January, which has put people under pressure.