There have been rumours of the new notes being weak, dyed, and also substandard. This has led to most traders rejecting the notes for transaction, insisting on the old ones.
The branch controller, CBN Awka, Mr Benedict Maduagwu stated this on Thursday, during a sensitization event at Onitsha Main Market, Anambra State, to bring traders up to speed about the decisions of the bank, regarding the new notes.
He said the rumours were untrue, and also gave reasons for the redesigning of the notes, including defacing, counterfeiting, and illegal storage of the old notes outside the banks.
