There’s enough new naira notes for banks – CBN
The Kwara State branch of the Central Bank of Nigeria (CBN) on Saturday in Ilorin assured the residents of the state that no one will be denied of having access to the new naira notes in order to boost the economic transformation of the country.
The apex bank said that it has made available enough new naira notes to the commercial banks in the state so as to be distributed to various ATM points for the residents of the state.
Mr. Lamidi Najim, the CBN controller, Ilorin branch stated this while embarking on monitoring activities by the management of the branch to some banks like UBA, Zenith and Access bank in the state.
However, Najim said that the CBN has put necessary measures on ground which would assist the residents of the state to have access to the new naira notes.
“The newly redesigned naira notes were introduced by the CBN to control the amount of money in circulation, check counterfeiting, lower inflation rate and discourage ransom payment.
“Apart from exchanging the new notes in banks, the apex bank says it has also made available cash swap to allow those in the rural communities swap their old currency for new ones,” Najim stated.
