The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Friday expressed reservations with the redesigning of some naira denominations by the Central Bank of Nigeria (CBN).
The CBN on Wednesday announced that it would start circulating newly redesigned N100, N200, N500 and N1000 naira notes from December 15.CBN governor, Godwin Emefiele, said the move was to counter terrorism financing, hoarding of banknotes by members of the public, with statistics showing that over 85 per cent of monies in circulation were outside the vaults of commercial banks.
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