He said the redesigned notes were not targeted at any individual as being insinuated in the public domain.
Nwanusobi urged Nigerians to embrace alternative payment channels such as eNaira and internet banking in the face of the cashless police.
Represented by Mohammed Abbah, Director, Capacity Development, he said a major challenge emerging countries such as Nigeria continue to face, is “our inability to seamlessly integrate into the global trading system largely due to the quality and technological content of the goods and services we produce for export.”
According to him, the CBN governor, Mr. Godwin Emefiele, has always has always emphasis that the redesign of the naira notes was “not targeted at anyone or any group of persons, rather, it derived from the Bank’s in-house analysis to strengthen macroeconomic fundamentals and better our socio-economic conditions.”
Nwanusobi said, “The principal aim of the bank, with the currency redesign initiative is to make our monetary policy decisions more efficacious.
“Nigerians will observe that there has been a downward trend in inflation and the exchange rates have been relatively stable.
