Tag: Bank Notes
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CBN confirms evacuation of banknotes, directs banks to open for weekend operations
The Central Bank of Nigeria (CBN), has confirmed the evacuation of banknotes from its vaults to commercial banks across the country. According to a statement issued by Dr Isa AbdulMumin, the Acting Director, Corporate Communications of the CBN, it is part
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Britain to introduce King Charles stamps, banknotes gradually
The introduction of new British banknotes and stamps featuring King Charles III’s image will be implemented gradually. The Royal Mail and Bank of England on Tuesday said they have received guidance from Charles’ royal household aimed at minimising cost and ensuring a sustainable transition.
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CBN releases bank notes fitness guidelines, asks banks to return mutilated currencies
The Central Bank of Nigeria (CBN) has published the guidelines on banknotes’ fitness and tasked all deposit money banks, microfinance banks and other cash handlers to comply with the directive. The apex bank also indicated that all unfit notes should be returned to its coffers for destruction or recycling. The guidelines’ directive issued by the…