By Babajide Komolafe
NATIONAL identities are symbols of self determination, commonality and unity. One of such symbols is the national currency. Among other things, the national currency, according to Benjamin Anderson, a foreign affairs analyst, “is the ambassador of the country and the culture it represents”.
Thus governments across the world devote ample effort and resources to ensure that their national currency commands economic value and are also handled with respect.
While the monetary authorities are solely responsible for issuing national currency as well as preserving its value through foreign exchange management practices, the preservation of the quality of currency in circulation is joint responsibility of the government and the citizens.
Thus efforts to ensure the quality of currency notes of any country cannot be successful without the commitment of its citizens especially members of the banking public who are also critical stakeholders in the currency…
