We’ve no plan to withdraw naira notes –CBN

cfce cbne nairacentralbankofnigeriawanlaunchdigitalcurrency readhowenairagobe
cfce cbne nairacentralbankofnigeriawanlaunchdigitalcurrency readhowenairagobe

From Uche Usim, Abuja

The Central Bank of Nigeria (CBN) yesterday debunked viral reports that it has the intention to replace the naira notes in circulation with digital currency, the eNaira, in the near future.

In a telephone conversation with Sunday Sun in Abuja, the Director, Corporate Communications Department of the apex bank, Mr Osita Nwanisobi, disowned the statement that purportedly emanated from a stakeholders’ engagement on eNaira adoption in Asaba, Delta State.

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According to him, the conversation around eNaira was totally misconstrued, making him to, therefore, call on the public to disregard it in its entirety.

Mr Nwanisobi explained that the digital version of the naira was meant to complement the existing currency notes and, therefore, would circulate simultaneously as means of exchange and store of value; and not to knock off the naira notes.

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On the benefits of adopting the eNaira, the spokesman hinted that the digital legal tender aside from the safety and speedy features, also would ensure greater access to financial services by the under-banked and unbanked populace, thereby enhancing financial inclusion.

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He, therefore, urged members of the public and business owners to embrace the digital currency, eNaira, as it offers more possibilities and unrivalled convenience.

The eNaira was formally launched into circulation by President Muhammadu Buhari in October last year and has witnessed massive downloads of the app as Nigerians embraced it.

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