BUSINESS

CBN agrees to mint currency for Gambia

CBN Governor

Godwin Emefiele, the governor of the Central Bank of Nigeria, consented to the currency minting proposal made by Buah Saidy, the governor of the Central Bank of The Gambia, who led a delegation to meet him on Tuesday.

Nigeria, Emefiele stated, has a lot of currency production capability because it has been minting since the 1960s, and “we are willing to assist in creating your currency.” In terms of price, we can be really competitive.”

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The governor of the Gambian Central Bank stated that his country is running low on cash and that he wants to learn how to handle his country’s currency needs on an annual basis using Nigeria’s wealth of expertise and expertise.

He stated that they had placed an order for two years of money minting abroad, but that they are considering minting in Nigeria if the country is interested.

Nigerian Security Printing and Minting Company Plc, for its part, said it is prepared if both parties reach an agreement.

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