Netflix trolls CBN repainting of naira notes

Netflix trolls CBN repainting of naira notes

Thursday, November 24, 2022

Netflix logo redesign

International streaming platform Netflix has joined a slew of Nigerians in mocking the brand new naira notes that had been launched on Wednesday.

In a tweet on Wednesday, the streaming service took a delicate shot on the central financial institution by taking part within the #NairaRedesignChallenge, through which contributors publish pairs of private photographs – one in its pure color and the opposite edited – to point out what they declare the CBN had finished to the unique currencies.

Recall that on Wednesday, earlier than the Federal Govt Council (FEC) assembly on the State Home in Abuja, President Muhammadu Buhari launched the newly redesigned naira notes.

The federal authorities plans to section out outdated naira notes with the newly redesigned N200, N500, and N1,000 notes by January 2023.

Mr Buhari mentioned in the course of the launch that the redesign was to curb counterfeiting and hoarding of higher denominations of the nation’s foreign money exterior the banking sector.

The brand new banknotes unveiled have elicited criticisms with Nigerians questioning the essence of the change which they are saying is extra of recolouring than redesigning.

Nigerians had anticipated the revised currencies’ look would endure a considerable transformation. Nonetheless, the one notable alteration is a slight color change.

Governor of the Central Financial institution of Nigeria, Godwin Emefiele, had in October introduced a naira redesign coverage for 200, 500, and 1,000 naira notes respectively.

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