CBN spends N538.5m to dispose N1.5b dirty naira note

The Central Bank of Nigeria has revealed that it  disposed billion pieces of dirty bank notes that are no longer usable.

One of CBN’s key tasks is the distribution of clean Naira notes.

CBN once again will be moping N200 to N1,000 notes from Nigerians

The Central Bank of Nigeria said it disposed 1.51 billion pieces of banknotes worth N698.48 billion in 2020 This was disclosed in the recently released Annual Report 2020 as compiled by the CBN’s Currency Operations Department.

CBN stated: “At the end of December 2020, a total of 1.51 billion pieces (151,427 boxes) worth N698,593.29 million were disposed of, compared to 1.57 billion pieces (157,217 boxes) worth N814,437.60 million in 2019.

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About Manuel Santibenez 662 Articles
Manuel Santibenez is the Editor and Publisher of Daily Gist Hub. A native of Kwara state and a Christian by faith. He bagged his Diploma Certificate in Public Administration at the Ogun State Institute Of Technology Igbesa. His networth is around $2000

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