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CBN To Recycle Wasted Bank Notes

Feb 12, 2020 Hit: 76 Written by 
CBN To Recycle Wasted Bank Notes

the central bank of Nigeria (CBN) is to end the process of burning banknotes and adopt recycling.

In a document published on its website, the apex bank called on recycling companies to submit proposals for a contract to recycle wasted banknotes.

The CBN management said the process of burning the banknotes is causing harm to the environment.

It said recycling has been identified as a better alternative; beneficial to both the environment and the economy.

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