Naira has lost value” says CBN

The argument that the N5, 000 bill should not be introduced because it would spur corruption does not hold here because those that are using our currency for corruption have already migrated to  the dollar because the naira has lost its value.  The dollar has now become the store of value.  That is why we are introducing a higher bill of value because we don’t want to dollarise our economy.  We need to be in charge of the money that comes in and goes out” says CBN Media Director.
and that the only way to repair this is to introduce the N5,000 bill