Charles Soludo, the governor of the Central Bank of Nigeria, said Tuesday that the central bank is to drop two zeros from the Naira and introduce a new set of notes and coins.
Soludo said: "We intend to restructure the entire currency by dropping two zeroes or moving two decimal points to the left from the currency, and issuing more coin denominations."
The changes will require a total currency exchange by August 2008. The governor said that Nigeria will introduce 1, 2, 5, 10, and 20 kobo coi
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