The Central Bank of Nigeria, CBN, has said that Nigerians should expect a new generation of naira notes before the second quarter of 2014.
Deputy Governor, Operations, Mr Tunde Lemo, said the apex bank had earlier announced its decision to move the local currency from polymer back to paper, but disclosed that all the notes in circulation would not be withdrawn at the same time.
“Nigerians will be having new generation notes in paper in the next few months. We will wait until the notes wear tear. When they wear, and they travel back to Central Bank, of course they will be re-issued,” he stated.
