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Change Of Colour In New Naira Notes Is Security Feature – Nigeria's Central Bank Reacts To Widespread Criticism

The Central Bank of Nigeria has responded to talks about the new naira notes being only redesigned in colour, stating that the change of ink “is in itself a security feature.”  The CBN authorities also claimed that the bank had no luxury of time to execute a broad redesign, while claiming that it only wanted to tackle an identified problem. The CBN’s Director of Currency Operations, Ahmed Umar, said this at a three-day workshop organised by the Nigeria Deposit Insurance Corporation (NDIC). ....

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