My Prediction: CBN May Soon Release ₦2000 Denomination Currency – Business

Introduction of new currency notes are usually done to increase the portability of transactions. We’ve not gotten to the point where that is required.

Had the naira rate to dollar gotten to N1000 then a redenomination of the currency would have been ideal in stabilizing its value because that would have been its actual value if not for the CBN artificial support.

Introducing a N2000 note would make no sense rather it would increase inflation but then if CBN believes it helps in reducing the cost of printing and distributing cash round the country, then it will be acceptable.