By Ismail Auwal
The Central Bank of Nigeria ( CBN) management team are to meet on Monday to review the crisis that the naira redesign programme has generated in Nigeria.
The meeting is also to come up with solutions to the acute cash crunch that the naira note has generated.
The meeting would reportedly consider the advice given by the National Council of State that the apex bank should print more redesigned N1,000, N500 and N200 notes or re-circulate the old ones withdrawn from circulation in order to ease the current cash crunch.
The apex bank official revealed that the advice given by the Council of State would be weighed carefully vis-à-vis the security implications of the continued scarcity of the notes, the cost of printing more notes and re-circulating the old ones.
The implementation of the Supreme Court interim order that the old notes should be allowed to circulate alongside the new ones, will also be considered.
The meeting which will hold in the CBN headquarters, Abuja will witness top echelon of the apex bank in attendance.
