Naira Abuse and the Soaring Cost of Currency: A Wake-Up Call from the CBN
In a
sobering revelation that underscores the financial and symbolic toll of
currency mishandling, the Central Bank of Nigeria (CBN) has issued a stern
warning: the abuse of the naira is driving up the cost of printing and
replacing banknotes at an alarming rate.
This caution came during the launch of a nationwide sensitisation campaign held in Abuja, themed “Naira Our Pride: Handle with Care,” aimed at instilling respect for the national currency and encouraging behavioural change.