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N5,000 note: “We are not aware of any plans to stop printing” – CBN
It was gathered that Jonathan yesterday agreed with the two leaders of the Upper and Lower Chambers, Senator David Mark and Alhaji Aminu Tambuwal respectively at a meeting in Abuja that it is possible for his administration to suspend the printing of the highest currency.
Jonathan was said to have given the assurance, stating that he had been properly briefed about how stakeholders in the country kicked against the new policy.
He added that any approval he gave for the printing of a N5000 notes, and coins for the lower denominations from N20 downward, can be suspended
The meeting, which lasted for several hours, according to sources indicated that the federal government may soon officially announce the suspension of the N5, 000 and other reprinting.
However , CBN Director of Communications, Ugochukwu Okoroafor refuted the news report by asserting that he was not aware of such plans. “Nobody has informed us, we are not aware of any reversal,” he said.
All effort to speak with President’s spokespersons, Reuben Abati and Dr. Doyin Okupe proved abortive.