The Central Bank of Nigeria, CBN has indicated that more newly redesigned banknotes will be in circulation soon.
Nigerians have been concerned over the scarcity of redesigned banknotes of N200, N500 and N1,000 especially after the Supreme Court judgement reinstating the use of the old notes.
The CBN, in a statement on Sunday in Abuja, said it is “taking delivery of a good quantity of the redesigned bank notes from the Nigerian Security Printing and Minting Company (NSPMC) Limited”.
Ag. Director, Corporate Communications of the CBN, Isa AbdulMumim PhD, denied allegations that the redesigned banknotes were to be phased out.
It said it will continue to supply “the approved indent for the smooth running of the economy”.
On the rumours that it is planning to phase out the redesigned banknotes, the CBN advised the “members of the public to disregard any report suggesting a phase-out of the redesigned currency”.