Currency Abuse Raises Costs For Economy, Cardoso Warns, Launches Naira Ambassadors Club

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Persistent abuse, mutilation, and improper handling of the Naira impose avoidable financial costs on the country, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, warned on Tuesday. 

He spoke at the inauguration of the CBN’s Naira Ambassadors Club in Abuja.

Cardoso said the bank’s investment in producing clean, durable, and secure banknotes could only achieve the…

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