Why we settled for redesign of N200, N500, N1000 notes – Buhari
Sgt4succsess SMACIN GRACEFULL TEAM Why we settled for redesign of N200, N500, N1000 notes – Buhari President Muhammadu Buhari, Thursday morning, briefed Nigerians on why his administration decided on the naira redesign policy, especially N200, N500 and N1000 notes. ADVERTISEMENT Buhari said the need to fight corruption and insecurity headlong, including controlling inflationary trend partly necessitated the decision to redesign the currency denominations mentioned above. ADVERTISEMENT The President, however, directed that the N200 naira old notes be allowed to circulate with the new ones in the interim. He said, “I feel obliged to avail you of a few critical points underpinning the policy decision. These include: ADVERTISEMENT “The need to restore the statutory ability of the CBN to keep a firm control over money in circulation. In 2015 when this admi