According to Leadership newspaper, the
Central Bank of Nigeria, in an attempt to reduce the volume of cash
baggage and security exposure in cash transactions, is contemplating
the introduction of new currency denominations of N2,000 and N5,000.
The bank has also made plans to convert N5, N10, N20 and N50 into coins
which are all presently notes. Though no one at CBN has confirmed this,
but reliable sources told the newspaper that it will happen, they just do not know when it would take effect or when it would be announced to the public.
Whose pictures will be on the to be introduced notes??
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