#Naira Redesign: #NSPM Explains Why New Naira Notes Leave Ink When Rubbed On White Surface—-The Nigerian Security Printing and Minting (NSPM) Plc, the company responsible for producing Nigeria’s currency, has explained why the new Naira notes leave ink when rubbed on plain white.
The company in a statement signed by the Managing Director, Ahmed Halilu highlighted this when addressing concerns by Nigerians on the quality of the redesigned notes.
NSPM notes that the same material was used in producing the new notes and the old ones, whilst adding that both passed through the same printing processes and finishing procedures.
Assuaging concern: Part of the statement by NSPM, which was released to address the misconceptions many people have about the new naira note, said:
Zero currency importation: NSPM stated that it has been meeting the currency needs of Nigeria with the support of the Central Bank of Nigeria since 2014. Indeed, it stated that Nigeria has achieved zero importation of currency, developed local capacity and, to an extent, conserved foreign exchange within this period.
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