1 year ago
The Nigerian Central Bank has denied claims successful a wide circulating substance connection that it plans to redenominate the naira starting successful January 2024. According to the bank, the authors of the connection had seemingly “modified substance eked from an aged policy” by a erstwhile politician successful 2007.
Press Release: No Plans To Redenominate The Naira pic.twitter.com/mBMvZogLWs
— Central Bank of Nigeria (@cenbank) October 31, 2023
Nigerians Told to Ignore the Message
The Nigerian Central Bank has refuted claims successful a wide circulating substance connection that it plans to redenominate the faltering section currency successful January 2024. In a connection released by its manager of communications, the slope said the Nigerian nationalist should disregard the “misleading” connection whose nonsubjective is to origin chaos.
According to the bank, the said substance message, which has been dismissed before, is present seemingly gaining traction and has sparked respective debates connected specified a policy’s interaction connected the economy.
“We privation to reiterate that the contents of the connection are misleading. The authors of the message, successful their mischief, modified a substance eked from an aged argumentation by a erstwhile CBN Governor successful 2007 to marque it look recent,” the cardinal bank’s connection said.
While acknowledging that it is considering reforms, the Central Bank of Nigeria (CBN) nevertheless said it has not taken steps to redenominate the naira arsenic stipulated successful the CBN Act of 2007. Meanwhile, the slope has since urged Nigerians to disregard the “speculative” connection which is “calculated to origin panic successful the polity.”
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