CBN Debunks Reports of N10,000 and N5,000 Banknotes

he Central Bank of Nigeria (CBN) has officially dismissed circulating reports about the introduction of N10,000 and N5,000 banknotes as false. Addressing the speculation, the apex bank reaffirmed that it has not issued or planned to release any new denominations, urging Nigerians to disregard such misinformation.

The false reports had sparked discussions across various platforms, with concerns about inflation and economic implications. However, the CBN clarified that its focus remains on ensuring monetary stability, strengthening the naira, and driving financial policies that support economic growth.

Citizens have been advised to verify information from official sources to avoid falling for misleading narratives. The CBN also reiterated its commitment to transparency, emphasizing that any significant policy changes regarding currency would be formally communicated through its verified channels.