Imagine: How could a country spend N58bn to print 2.5bn Naira notes?

(342 reads) See also ► Azà Moment of Truth: How did you spend it?   ► Old Naira Notes Remain Legal Tender Indefinitely – CBN  

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BigChild
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Naira notes
Naira notes
Dear readers, does it make sense at all to spend almost 60 billion Naira just to print 2.5 billion Naira? Well, why this news now? A part of me says it's strategic news at the right time just to drive home the eNaira gospel. Read.
CBN spent N58.6bn to print 2.5bn Naira notes in 2020 – Report

The Central Bank of Nigeria (CBN) spent N58.618 billion to print 2.518 billion Naira notes last year.

The apex bank disclosed this in its 2020 Currency Report
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