Nigeria: CBN Stops Polymer Production, Reverts to Paper Note

22 April 2013

The Central Bank of Nigeria (NAN) is to stop the printing of lower denominations of the naira in polymer because it fades, the Deputy Governor, Operations, Mr Tunde Lemo, said.

Lemo made the plan known in an interview on Sunday at the ongoing Spring Meeting of the World Bank and International Monetary Fund in Washington DC.

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