Wednesday, 5 September 2012

N5000 NOTE STAYS, SAYS FG The proposed introduction of N5000 notes into the economy by the Central Bank of Nigeria(CBN) will go ahead, the Economic Management Team told state house correspondents yesteday. The meeting was chaired by President Goodluck Jonathan. Minister of National Planning said the policy was proposed by the CBN, signed by the President and endorsed by the Economic Management Team. He said it is the prerogative of the CBN to make such policy. The minister said the planned introduction will not cause inflation as expressed by many Nigerians.

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