Nigeria plans to redesign its banknotes
Sep 30, 2010 11:43 AM Category: Africa
According to a press release from the Central Bank of Nigeria dated 29 September 2010, the bank is redesigning the country’s notes to reduce cost and enhance security. Governor Mallam Lamido Sanusi said, “We will soon unfold proposals that should mark the beginning of the return of coins into circulation in the economy. The CBN has evolved plans that would enhance the efficiency and self-reliance of Nigerian Security Printing and Minting Company (NSMPC) with a view to improving its performance in note printing.