Circulation of new N100 begins December 19

The Central Bank of Nigeria, CBN, has fixed December 19, 2014, to put the new commemorative N100 into circulation.

This is contained in “Countdown Calendar of The New Commemorative N100 Banknote”, a publication on the activities for the launch of the new banknote released by the bank in Abuja.

The bank said the circulation of the banknote, unveiled by President Goodluck Jonathan on November 12, would be preceded by the launch of “Partnership Programme aimed at Banknote Equipment Manufacturers and other Machine Suppliers” on Wednesday.

Wednesday’s activity, according to the bank, is to enable the manufacturers and suppliers to adapt machines and authentication devices for the new banknotes.

The publication also said that the new banknote would be sent to commercial banks, Nigeria Police Force, chambers of commerce, professional associations and cash-in-transit companies on November 26.

Other activities that would also precede the circulation of the banknote, the apex bank said, were the sending of leaflet on the banknote to 1,000 Points of Sales, POS, in the country on December 3 and visit to the new note on internet on Dec.10.

The bank added that a “live” film show to check the new banknote would be aired on CBN YouTube. (NAN)

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