2019-04-25 | COD/GEN/02/23-01-2019

Clean Note Policy

The Central Bank of Nigeria (CBN) has released its Clean Note Policy to ensure an adequate supply of clean banknotes for seamless transactions. Despite the rise of digital payments, cash remains king, and the CBN is committed to maintaining the quality of banknotes in circulation. The policy outlines currency management activities, including the production, issuance, and recirculation of premium quality banknotes, as well as the withdrawal of unfit and soiled notes, to guarantee public confidence in the Naira as a medium of exchange.

Tags
payments
monetary
conduct
enforcement
operational