Saturday, 11 August 2012
CBN to Launch N5000 Notes Which Features Yar’Adua on It
The Central Bank of Nigeria (CBN) will very
likely release into the market on September 1, 2012, a N5,000 currency,
under its on-going currency and payment reform scheme. The currency,
according to a very reliable and close source in the apex bank, was
considered because of the CBN’s cashless policy, which will be extended
to other parts of Nigeria by next year.
The source also disclosed that the N5000 currency
is like a guarded secret by the CBN, which it plans to release as a
surprise to the market. The N5,000 single note will be the fifth note to
be introduced into the economy in 13 years.........hmmmmmm..........
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