HOME > Central Bank Of Nigeria, CBN Stops Production Of Polymer Currency Notes
Central Bank Of Nigeria, CBN Stops Production Of Polymer Currency Notes
The Central Bank Of Nigeria, CBN has decided to stop the production of Polymer currency notes. The move is due to the fact that polymer currency notes fade away with time.
Here's what the Deputy Governor of the Central Bank of Nigeria, Tunde Lemo in a recent interview, said:
"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."
#Dem no know say e go fade before? Mstchew!
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