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Tuesday, 23 April 2013

Central Bank Of Nigeria Stops Printing Polymer Currency Notes – Paper Notes Coming Soon

Starting from this week, the Central Bank Of Nigeria , CBN has stopped
the production of Polymer currency notes.

The change is because of several complaints of how the notes fades quickly.

See what the Deputy Governor of the Central Bank of Nigeria, Tunde
Lemo said in a recent interview;

"We will start to produce the second generation of lower denomination
notes, now in paper not in polymer. My plea is that Nigerians should
exercise patience with us; it wasn't the fault of the CBN, it was just
because we had to go back to the drawing board to rethink `Project
Cure' in the light of the wish of the public that we should not go
ahead with the N5000 notes and lower denomination. We will correct
that in the course of the year. Polymer certainly will be phased out.
In fact, we are phasing out polymer. No new note is being printed in
polymer now."