Connect with us

Foreign

Nigerian Twitter knocks CBN, Emefiele over new naira notes designs

Published

on

 After weeks of anticipation the new designs for N200 N500 and N1000 notes were unveiled in Abuja Nigeria s capital city on Wednesday by President Muhammadu Buhari The Central Bank of Nigeria announced in October that the redesigning was necessary to counter the hoarding of the notes Evidently currency in circulation has more than doubled since 2015 rising from N1 46 trillion in December 2015 to N3 23 trillion in September 2022 This is a worrisome trend that cannot be allowed to continue CBN governor Godwin Emefiele said on October 26 A couple of weeks later Amina Abdulmalik Deputy Director of Currency Operations Department CBN said the redesigning was also needed to reduce counterfeiting noting that Nigerians have set up factories and are just chunning out bank notes because those bank notes don t come back into the banking system However the new designs launched on Wednesday have been met with widespread condemnation on social media with one Twitter slamming Emefile for being out of ideas Others commented that the CBN only bleached the old designs If it s Naira colour the CBN should have just engage Snapchat Senator Shehu Sani ShehuSani November 23 2022 What if The CBN and CBN Governor is passing a message about Naira pic twitter com H4YftDUsc9 Elijah Bello ungeeking November 23 2022 Emefiele don rub Caro white for our Naira pic twitter com YuZEXQsNHR Giilo gani_jonathan November 23 2022 Emefiele is out of ideas I am embarrassed https t co WvBSXNGe9J Dr Saliba Cerebral Assassin fimiletoks November 23 2022 This must be a Joke Emefiele Wetin be this Shey you dye our money na pic twitter com cdxtWUPzF7 Chlorpheniramine OBIdients VictorIsrael_ November 23 2022
Nigerian Twitter knocks CBN, Emefiele over new naira notes designs

N500 and N1000

After weeks of anticipation, the new designs for N200, N500 and N1000 notes were unveiled in Abuja, Nigeria’s capital city, on Wednesday by President Muhammadu Buhari.

inkybee current nigerian news

Central Bank of Nigeria

The Central Bank of Nigeria announced in October that the redesigning was necessary to counter the hoarding of the notes.

current nigerian news

Godwin Emefiele

“Evidently, currency in circulation has more than doubled since 2015; rising from N1.

current nigerian news

46 trillion in December 2015 to N3.

23 trillion in September 2022.

This is a worrisome trend that cannot be allowed to continue,” CBN governor Godwin Emefiele said on October 26.

Amina Abdulmalik

A couple of weeks later, Amina Abdulmalik, Deputy Director of, Currency Operations Department, CBN, said the redesigning was also needed to reduce counterfeiting, noting that “Nigerians have set up factories and are just chunning out bank notes because those bank notes don’t come back into the banking system.

However, the new designs launched on Wednesday have been met with widespread condemnation on social media, with one Twitter slamming Emefile for being “out of ideas”.

Others commented that the CBN only “bleached” the old designs.

If it’s Naira colour,the CBN should have just engage Snapchat.

— Senator Shehu Sani (@ShehuSani) November 23, 2022

CBN and CBN Governor

What if The CBN and CBN Governor is passing a message about #Naira pic.

twitter.

com/H4YftDUsc9
— Elijah Bello (@ungeeking) November 23, 2022

Emefiele don rub Caro white for our Naira 🤣😂😹 pic.

twitter.

com/YuZEXQsNHR
— Giilo👑 (@gani_jonathan) November 23, 2022

Emefiele is out of ideas.

I am embarrassed … https://t.

co/WvBSXNGe9J
— Dr. Saliba 🦇 ( Cerebral Assassin ) (@fimiletoks) November 23, 2022

Emefiele Wetin

This must be a Joke 😂😂😂😂 Emefiele Wetin be this?

Shey you dye our money na?

pic.

twitter.

com/cdxtWUPzF7
— Chlorpheniramine #OBIdients 🇳🇬 (@VictorIsrael_) November 23, 2022

oldbet9ja shop hausanaija free shortner ESPN downloader