Search
  1. Home
  2. West Africa
  3. Nigeria

Central bank issues new naira bills

    ABIDJAN
    The Central Bank of Nigeria (CBN) has introduced bills of 100, 200 and 500 naira as part of an effort to restructure the currency, it said it a report on Tuesday. The bills are expected to be in circulation between now and mid-2000, AFP reported. They are intended to reduce the difficulties in carrying huge sums of money in smaller units, AFP quoted the bank as saying. Up to now, the 50-naira bill was the highest denomination in Nigeria. The CBN has recently taken measures to strengthen the currency which has fallen to around 104 to the US dollar from 85:1 in January.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join