CBN SPENT 75BILLION NAIRA TO PRINT NAIRA IN 2019

•Deploys $3.95bn to BDCs, others •Discovers N365m deposit shortages in 21 banks CBN Governor, Mr Godwin Emefiele By Elizabeth Adegbesan THE Central Bank of Nigeria, CBN, said it spent N75 billion to print banknotes in 2019. This represents N11.5 billion or 18 percent increase when compared to N64 billion spent in 2018. The apex bank also deployed $3.95 billion to Bureaux De Change (BDCs) and pilgrim operations, as well as, payment of estacode and personal travel allowances to Ministries, Departments and Agencies (MDAs) during the period. Meanwhile, the CBN said…

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