N5,000 Notes Are Coming in 2014 – CBN

Despite being criticized by the public, the Central Bank of Nigeria (CBN) has confirmed plans to produce and distribute the N5,000 note in 2014.

Tunde Lemo, the Deputy Governor of CBN, disclosed this while speaking to journalists at the NIBSS 20th anniversary conference held in Lagos.

He said in one to two months from now, the N5,000 notes will be in circulation!

"We only stopped the project due to the low level of understanding of its benefits among Nigerians, but we now plan to educate the people about the importance of the notes to our economy before we eventually launch it", Tunde Lemo explained.

He further added that Nigerians would soon see the notes in circulation and start to enjoy its benefits.