Kano — Governor of the Central Bank of Nigeria (CBN), Professor Chukwuma Charles Soludo Thursday in Kano said the cost of currency production in the country would be slashed to between 42 and 58 per cent when the new currencies go into circulation.
The governor who was in the state to sensitize the staff on the new currencies also said that statistics had shown that with the reintroduction of coins, the CBN would be able to save about 60% of the cost of minting coins.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article