Hamid Ayodeji
The Association of Bureaux De Change Operators of Nigeria (ABCON) has given its support to the Central Bank of Nigeria (CBN) Clean Note Policy and Banknote Fitness Guidelines meant to remove dirty, mutilated and unfit Naira notes in circulation from the financial system.
ABCON President, Alhaji Aminu Gwadabe, was quoted in a statement to have said the launch of the clean and banknote fitness policy was not only apt, but timely giving the high volume of unfit and dirty notes in circulation across the country.
He said the policy would also increase the level of money supply in the economy, and subsequently deepen the volume and value of credit available to real sector operators and other major segments of the economy. According to Gwadabe, the move by the apex bank to sanitise the estimated N7.9 trillion notes in circulation would enhance transparent currency management system, promote financial inclusion and enhance confidence…
