Tag: Financial System Strategy 2020
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Fact-Check: Is CBN initiating Naira redenomination that would make $1USD exchange for N1.25?
A viral message suggests that the Central Bank of Nigeria (CBN), under the directive of President Bola Ahmed Tinubu, plans to re-denominate the Naira by removing two zeroes or shifting two decimal points, accompanied by a transition period during which both old and new Naira would coexist. How true is this claim? In 2008, the…