The Central Bank of Nigeria did not print any N5,000 notes or coins, Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi assured this weekend.
Speaking at the 5th Bankers' Committee retreat held in Calabar, Cross River State, Mr. Sanusi addressed the questions of scarcity of lower denomination and increase in the volume of dirty banknotes in the economy.
He said, "As a result of all the noise around N5, 000 notes and coins, that process was stopped. We did not print the new notes. I know some people think we have already printed, but we did not print the new notes and we did not award the contracts for the new notes.
"We have re-ordered banknotes and I think they have started arriving and probably you would have seen some improvements on that by now."
As it was gathered at the retreat, the CBN, Bankers' Committee agreed to deliver "price stability and economic growth in 2014," and assured of promoting efficient and stable economy in Nigeria.
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