The central Bank of Nigeria (CBN) has debunked the reports that the apex bank has concluded plans to replace the Naira notes in circulation with digital currency, the e-Naira.
The Director, Corporate Communications Department of the CBN, Osita Nwanisobi, made this known in a telephone interview with newsmen on Saturday.
Nwanisobi said the statement purportedly to have been made during a stakeholders’ engagement on e-Naira adoption in Asaba, the Delta State capital was misconstrued.
He further urged Nigerians to disregard the statement in its entirety.
According to CBN spokesman, the digital version of the currency is meant to complement the existing currency notes and therefore, will circulate simultaneously as means of exchange and store of value.
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On the benefits of adopting the e-Naira, Nwanisobi said digital legal tender aside from the safety and speedy features, would also ensure greater access to financial services by the underbanked and unbanked populace thereby enhance financial inclusion.
Nwanisobi, however, urged the general public and business owners to embrace the digital currency, saying it offers more possibilities.
The e-Naira was formally launched into circulation by President Muhammadu Buhari in October 2021.
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