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New CBN Naira Notes Out Today
Noel Emp'raw Onoja

The Central Bank of Nigeria (CBN) in line with her currency policies will today 30th September, 2009 issue into circulation new 5, 10 and 50 naira polymer bank notes to commemorate with the 49th anniversary celebration of the country's independence. The new naira notes will be launched by President Umaru Musa Yar'Adua at the Presidential Villa.

Nigerians expressed mix feelings over the new development as some have lamented that the polymer naira note can easily wash off and once it is lacerated it becomes non acceptable, others have also welcome the development.
Some main features of the polymer note is the fact that the note is not made of paper like the other notes, and that means that the note cannot easily tear unless deliberately, the polymer notes cannot also be easily squeezed as some Nigerians are used to squeezing the naira note, the note bears all the features that was previously on the note except that they are now printed on polymer material.

Naira notes are printed or minted as the case may be by the Nigerian Security Printing and Minting plc under the supervision of the CBN in other to maintain quality and security of the notes.


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