The Central Bank of Nigeria (CBN) has denied rumours that it intends to replace circulating naira banknotes with eNaira digital currency in the future.
Mr. Osita Nwanisobi, Director of Corporate Communication at the CBN, issued a statement on Saturday stating that the rumours were false.
According to him, the eNaira adoption remark allegedly made during a stakeholders’ meeting in Asaba, Delta State, that the reports cited, was misinterpreted.
He urged the public not to believe the rumours.
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The director of the Central Bank of Nigeria (CBN) explained that the digital version of the naira was intended to supplement the existing currency notes and would therefore circulate simultaneously as a medium of exchange and a store of value.
Mr. Nwanisabi lauded the advantages of the eNaira, emphasising that, in addition to its safety and speed of use, it will provide underbanked and unbanked individuals with greater access to financial services, thereby promoting financial inclusion.
He urged the general populace and business owners to adopt the digital currency because it offers more opportunities.
President Muhammadu Buhari officially introduced the eNaira into circulation in October of last year.
