ABUJA—The Central Bank of Nigeria, CBN, Thursday, announced
the introduction of a new currency series under which the existing
denominations of N50, N100, N200, N500 and the N1,000 notes will be redesigned
with added security features.
CBN Governor, Mallam Sanusi Lamido Sanusi, told journalists
in Abuja at a briefing that N5,000 note would also be introduced, while the
lowest denominations of N5, N10 and N20 are to be coined.
N5,000 NOTE: Mallam Sanusi Lamido Sanusi, Governor, Central
Bank of Nigeria, CBN (right) and CBN Deputy Governor, Serah Alade, at a
briefing on the introduction of N5,000 note, with image of three Nigerian
women, to be introduced in 2013, in Abuja.
He said: “On November 28, 2011, the CBN Board considered and
approved the new currency series. It subsequently sought and, on December 19,
2011, obtained the approval of President Goodluck Jonathan.
According to him, the CBN plans to launch the redesigned N50
and new N5,000 notes in early March 2013.He said the introduction of the new
currency series “will be a gradual process, as the banknotes will circulate
simultaneously with the old series until they are fully withdrawn from
circulation.
CBN Governor, Mallam Sanusi Lamido Sanusi, also revealed
that the N5,000 note will bear the pictures of three notable Nigerian women:
Margaret Ekpo, Funmi Kuti and Gambo Sawaba, all deceased, as a way of
recognising their contributions to the development of the nation.
The second side of the note, he added, will carry the
picture of the National Assembly, which represents the symbol of democracy in
Nigeria.
What can say about that??????
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