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Yar’Adua launches new N5, N10, N50 notes

By Daniel Idonor
PRESIDENT Umaru Yar’Adua yesterday launched the redesigned N5, N10 and N50 bank notes by the Central Bank of Nigeria (CBN), with a call on Nigerians to support  CBN’s “Keep the Naira Clean Campaign,” which is aimed at checking the abuse of the currency.

Receiving the new notes from the bank’s Governor,  Mr  Lamido Sanusi, at the Council Chambers of the Presidential Villa, Abuja, before the weekly Federal Executive Council meeting, Yar’Adua stated that “the redesigning of the lower banknote denominations and coins, as well as the introduction of a N2 coin in February 2007 represented a comprehensive reform strategy aimed at enhancing the efficiency of the currency structure”.

On the occasion, Sanusi said the redesigning of the banknotes was in accordance with sections 17 and 19 of the CBN Act; adding the new notes will be side by side with old ones for six months.


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