President Muhammadu Buhari on Wednesday finally unveiled the re-designed Naira Notes as proposed by the Central Bank of Nigeria (CBN).
The CBN Governor, Mr Godwin Emefiele had on Tuesday said that the president will unveil the newly designed N1,000, N500 and N200 notes.
The unveiling today, marks the first time in 19 years, Nigeria will be redesigning it’s currency notes.
Following the unveiling of the new notes which begins circulation today, the CBN governor announced that the apex bank is now more determined to make Nigeria a cashless economy, as in other climes.
During the ceremony which held before the council meeting, President Buhari underscored the importance of re-designing the new naira notes. He explained that it will aide the country address the issue of Illicit financial flows, corruption, improve the nation’s economy, as well as ensure and advancement in the value of the naira.
Noting that the currency redesign will also boost the CBN’s Monetary policy initiative, President Buhari stated that the first set of currency which was printed locally by the Nigeria printing and minting company, will fundamentally prevent counterfeiting of the naira notes.
The president, however, appealed to Nigerians and urged them to embrace the new policy to re-design the naira.
Reacting to the look of the new notes which has started circulating the internet, some Nigerians are not happy with the ‘changes’ discovered.
Taaooma wrote: Who colour grades these monies? Abi ink don finish for Printer?
Nikki Laoye wrote: Is this a joke or ? Because I am genuinely confused! This ain’t real right?
Sam Speedy wrote: What kind of a country is this?
The_hair_police wrote: I cant see any difference.
Iamnafizat wrote: Is this redesign or colour painting?
Be.a.diamond wrote: They just dey deceive us with colours.
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