This edition of the “Economy and Politics” focuses on “CBN Redesigning of Naira Notes: Matters Arising” as the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, CON last week in a press briefing, announced the plans to redesign and issue new N200, N500 and N1000 from December 15, 2022.
The conversation covered the following:
- The concerns raised by some economists and private sector groups that the decision is ill-timed
- The gap in communication between the monetary and fiscal authorities on the policy step
- IMF’s Caution to CBN on avoiding any policy misstep that could erode confidence in the financial system
- The critical impact of the CBN Naira Redesigning Project