Connect with us

Business

No Plans To Withdraw Naira Notes From Circulation – CBN Makes Clarification

Published

on

Naira notes
Kindly Share This

No Plans To Withdraw Naira Notes From Circulation – CBN Makes Clarification

Naira notes

The Central Bank of Nigeria (CBN) has dismissed reports that it intends to replace the naira notes in circulation with digital currency, the eNaira, in due course.

CBN Director, Corporate Communication, Mr Osita Nwanisobi, said in a statement on Saturday that the reports were false.

According to him, the comment purportedly made during a stakeholders’ engagement in Asaba, Delta State on eNaira adoption, and on which the reports were based, was misconstrued.

Read Also Naira Notes Will Be Out Of Circulation Soon – CBN Official

He called on the general public to disregard the reports.

The CBN director explained the digital version of the naira was meant to complement the existing currency notes and therefore, would circulate simultaneously as means of exchange and store of value.

Mr Nwanisabi touted the benefits of the eNaira, stressing that apart from it safety and speed of use, it will give the underbanked and unbanked populace greater access to financial services, enhancing financial inclusion.

He urged members of the public and business owners to embrace the digital currency as it offers more possibilities.

The eNaira was formally launched into circulation by President Muhammadu Buhari in October last year.

For More News Join Our WhatsApp Group With This Link Below

https://chat.whatsapp.com/HlD7kmxUzAc2lwlP7yuXzk

 

Kindly Share This
Dear Reader, Fetching good and credible news information is tedious and requires huge finance. We are soliciting support from our readers and fans. For as low as N1,000  you can be a part of our golden membership. Your support would go a long way in assisting us to continue guaranteeing quality news to our readers across the globe. Bank transfers can be made to: Zenith Bank 1014932118 Ireporteronline communications Inquiries: Email: [email protected] Whatsapp: +234 7032341798 FOR BUSSINESS ADVERT CLICK THE WHATSAPP IMAGE BELOW
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Advertisement

Trending