The new naira notes that were introduced on Wednesday have been mocked by a number of Nigerians, including the global streaming service Netflix.
By taking part in the #NairaRedesignChallenge, in which participants post pairs of personal photos, one in its natural color and the other edited, to demonstrate what they believe the CBN has done to the original currencies, Netflix took a subtle jab at the central bank in a Tweet on Wednesday.
Recall that President Muhammadu Buhari unveiled the freshly redesigned naira notes on Wednesday during the Federal Executive Council (FEC) meeting at the State House in Abuja.
By January 2023, the federal government intends to gradually replace outmoded naira notes with the newly redesigned N200, N500, and N1,000 notes.
At the unveiling, Mr. Buhari stated that the redesign was intended to reduce cash hoarding and counterfeiting of larger denominations outside of the banking industry.
Nigerians are doubting the significance of the alteration, which they claim is more of a recoloring than a redesign, after the new banknotes were shown.
Nigerians had anticipated that the appearance of the updated coins would change significantly. But the only significant difference is a tiny color shift.
Godwin Emefiele, the governor of the Central Bank of Nigeria, has announced a redesign policy for the 200, 500, and 1,000 naira notes in October.