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<p data-pm-slice="1 1 []">The <strong>Central Bank of Nigeria (CBN)</strong> has officially debunked a circular circulating online, which claimed that the bank was set to introduce two new denominations – â¦5,000 and â¦10,000 notes.</p>
<p>The CBN labeled the circular as “fake” and urged the public to disregard the false information.</p>
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<p>The viral circular, which gained traction across platforms like WhatsApp, falsely attributed the announcement to the CBN, claiming that the <strong>new notes</strong> were to be introduced into circulation starting May 1.</p>
<p>The document also included a fabricated statement from a supposed Deputy CBN Governor, Dr. Ibrahim Tahir Jr., who purportedly justified the move as part of the bank’s efforts to streamline cash transactions and reduce cash-handling costs.</p>
<p>In response, the CBN took to its official X (formerly Twitter) account to issue a refutation.</p>
<p>The apex bank clarified that the circular was not issued by them, urging the public to verify any official information through the bank’s legitimate website.</p>
<p>“<em>The content is not from the Central Bank of Nigeria. Kindly note that the official website of the CBN is cbn.gov.ng,”</em> the statement read.</p>
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<p><a href="https://www.gistreel.com/we-are-not-introducing-%E2%82%A65000-and-%E2%82%A610000-notes-cbn-denies-viral-circular/" previewlistener="true">Source link </a></p>

