Nigerians have expressed divergent views over the Central Bank of Nigeria (CBN) warning to the
Deposit Money Banks (DMBs) to desist from depositing ‘composed’ banknotes.
They expressed their views in interviews on Tuesday in Benin, Edo State. The CBN in a circular by Mr Ahmed Umar, the bank’s Director, Currency Operations Department, warned DMBs to stop bringing “composed banknotes” as part of their deposits with the apex bank. The directive took effect from April 1.
However, some Nigerians have commended the CBN for the directive, while others called for more awareness about the said banknotes. Others urged the apex bank to intensify more efforts in educating the masses about its Banknote Fitness Guidelines.
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