Wednesday, 12 September 2012

Bankers Committee Endorse 5000 Note

The bankers committee has thrown its weight behind the planned currency restructuring exercise by the Central Bank of Nigeria.

The 309th meeting of the bankers obviously had much to do with mobilising support for the apex bank on the policy,even as the bankers said they were initiating more policies to stabilize the economy..

Some of the bankers said the economy was stable today as a result of past policies of the CBN,and that the banks were also lending to the real sector contrary to sentiments in some quarters.

The planned currency restructuring exercise has continued to draw criticisms from experts,with the Nigeria Bar Association even threatening to go court over the exercise.

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