‘It changes nothing.’ Nigerians unimpressed with redesigned banknotes ...Egypt

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Abuja, Nigeria CNN Business — Nigerians have criticized the “redesigning” of the country’s local currency proposed by its central bank to rein in counterfeiting and hoarding of large sums outside the banking system. President Muhammadu Buhari unveiled the redesigned 200-, 500-, and 1,000-naira notes on Wednesday, saying “the new Naira banknotes have been fortified with security features that make them difficult to counterfeit.” The new notes look very similar to those currently in circulation. The design of the highest-value 1,000-naira note, which includes the national coat-of-arms and the headquarters of the Central Bank of Nigeria, is largely unchanged. The only significant differenc

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Last updated : 27 Nov 2022 clock 04:52 PM

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‘It changes nothing.’ Nigerians unimpressed with redesigned banknotes ...Egypt

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