Eric Patrick
The Central Bank of Nigeria has dismissed claims regarding the launch of new N5,000 and N10,000 banknotes, labeling the reports as untrue.
The CBN debunked this claim in a statement shared on its X handle in the late hours of Wednesday.
The CBN has urged the public to disregard the misleading content.
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CBN wrote, “This content is NOT from the Central Bank of Nigeria.
“Kindly note that the official website of the CBN is http://cbn.gov.ng.”
The misleading information circulating on several platforms suggested that new currency denominations would be introduced to minimize cash-handling expenses and improve liquidity management.
