The Central Bank of Nigeria (CBN) has described as untrue the purported release of N5,000 and N10,000 banknotes, saying the report was not from the bank.

How easy to do you think it is to tell fake banknotes from the real ones? Counterfeit money accounted for 0.0025% of the 4.6 billion banknotes circulating in 2023, according to the Bank of England.

where 554,000 fake notes were discovered, it said. The central bank noted that previous years had seen “exceptionally low” numbers of counterfeit denominations in Malta due to the COVID-19 ...