Naira Redesign: CBN satisfied with level of currency in circulation – Shonubi

Acting Governor Fola Shonubi of the Central Bank of Nigeria (CBN) has expressed satisfaction with the current level of currency in circulation amidst an ongoing process of replacing old Naira notes with new ones.

During a press briefing following the Monetary Policy Committee meeting on Tuesday, Shonubi addressed questions about the Naira redesign process.

Shonubi stated that the central bank is quietly phasing out old banknotes and replacing them with new ones in a process devoid of fanfare.