Why we can’t print enough new notes – CBN

THE Central Bank of Nigeria (CBN) has said that it cannot print adequate naira notes to replace the old N200, N500 and 1,000 notes because the Nigerian Security Printing and Minting Plc (The Mint) is suffering from capacity constraints.

The CBN Governor, Godwin Emefiele, stated this today when he briefed the emergency meeting of the National Council of State.

President Muhammadu Buhari convened the meeting to discuss issues of national importance among which is the threats posed by the shortage of naira.