President Muhammadu Buhari unveiled the new naira notes on Wednesday, November 23, 2022
The notes parade a number of new features, apart from coming very close to the ones in circulation
The N200, N500 and N1000 notes took similar looks to those already in circulation.
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President Muhammadu Buhari unveiled the three new currency notes today in Abuja.
The unveiling took place during the Federal Executive Council meeting in Abuja on Wednesday, November 23, 2022, in Abuja.
Godwin Emefiele, the governor of the Central Bank of Nigeria said Buhari would unveil and hinted at the possibility of the new notes beginning circulation sooner than scheduled.
Emefiele said: “We are no longer waiting for December 15 to unveil the new note, the president has agreed to unveil the new currency on November 23, 2022.”
Per the picture circulating on social media and seen by Legit.ng, there are remarkable differences between the new and old naira notes.
Apart from the notes retaining their original portraits of pictures of Nigerian elder statesmen and Nigeria’s founding fathers, the various denominations were close to the notes already in circulation.
Peach N200 note
The N200 came very close to the N100 note except for a slightly toned-down magenta colour, bringing it closer to the N100 note.
Lemon colour N500 Note
The N500 note took on the look of lemon colour, bringing to close resemblance to the former N200 note.
Silver-looking N1000 note
The N1000 note came to resemblance with the N50 naira note which many believe there is no serious contrast between the new and old notes.
The new notes also retained the Arabic inscriptions as against speculations that they would be yanked off from the new ones.
Most of the notes also retained their various security features.
The Central Bank of Nigeria had set the date for the commencement of the new naira notes for December 15, 2022, but during the Monetary Policy Committee meeting of the apex, the CBN governor, Emefiele stated that the bank would backdate the launch of the new notes following the unveiling by Buhari.