Hmmn, I'm not too sure oh, but i heard and read that the Central Bank of Nigeria (CBN) is very much likely to release a N5,000 currency into the market on September 1st 2012 which is likely to have the face of Late President Umaru Musa Yar'Adua on it.
According to a source, this currency was considered because of the CBN's cashless policy which will be extended to other part of the country by next year.
The first note introduced to the economy was the N100 in 1999, followed by the N200 and N500 denominations in 2000 and 2001 respectively. In 2005 also, the n1,000 denomination was lunched into the economy by the immediate past governor of CBN, Professor Chukwuma Soludo, therefore making the N5,000 denomination the fifth to be introduced in the economy in 13years.
I also read that, Late President Umaru Musa Yar'Adua's face which is supposed to be on the yet to come N5,000 is a mark of regard to him for his contribution to the Nigerian economy.
Let's all keep our fingers crossed.
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'His contribution to the Nigerian economy' what contribution? His failed 7points agenda? Mayb I'm missing something sha...somebody shld enlighten me
ReplyDeleteJokers! N5,000 note again. God help us
ReplyDeleteVery soon it be N100,000 note. We are still trying to adjust to the fuel subsidy now this. How do we buy with a whole N5000 note? Na wa o
ReplyDelete