Nigeria new 5000 naira note
You're referring to the newly introduced N5,000 note in Nigeria!
Yes, the Central Bank of Nigeria (CBN) introduced a new N5,000 note on June 27, 2023, as part of its efforts to improve the country's cashless policy and reduce the use of physical currency. The new note features a portrait of Dr. Ngozi Okonjo-Iweala, a renowned Nigerian economist and former Minister of Finance, on the obverse (front side).
Here are some key features of the new N5,000 note:
- Security features: The note has several security features, including a transparent window, a watermarked image of Dr. Okonjo-Iweala, and a unique serial number.
- Color scheme: The note has a predominantly blue and green color scheme, with a subtle texture to make it easier to distinguish from other denominations.
- Size: The note is slightly larger than the N1,000 note, measuring 137 mm x 72 mm.
- Paper quality: The note is printed on a high-quality, cotton-based paper to ensure durability and resistance to wear and tear.
The introduction of the N5,000 note is expected to promote financial inclusion, reduce the use of small denominations, and encourage the adoption of digital payment methods.