Monday, April 22, 2013

CBN To Change N5, N10, N20 and N50 From Polymer To Paper


CBN is poised to stop the printing of small denomination naira in polymer notes because they fade quickly. Its Deputy Governor, Tunde Lemo , disclosed this in an interview with the News Agency of Nigeria (NAN) on Sunday in Washington on the sideline of the ongoing Spring Meeting of the World Bank and the IMF. “By the middle of the year, we will start to produce the second generation of lower denomination notes, now in paper not in polymer.” he said. “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…

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