BoG to gradually phase out ¢1 and ¢2 notes

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The ¢1 and ¢2 notes will be eliminated of course soon, as the Bank of Ghana slowly plans to eliminate them from dissemination.

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As indicated by the Central Bank, the helpless treatment of the notes, that is torn and dirtied, make it costly to print them.

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Legislative head of the Bank of Ghana, Dr. Ernest Addison, tending to the press said the Central Bank won’t print any a greater amount of the ¢1 and ¢2 notes when those available for use are eliminated.

As per him, the two groups will be supplanted by the ¢1 and ¢2 coins individually.

“The view for the more extended term is to pretty much get the ¢1 and ¢2 notes and utilize the ¢1 and ¢2 notes coins.”

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“Both the ¢1 and ¢2 notes would ultimately be eliminated in light of the fact that they are not practical as far as the printing cost”, he called attention to.

“These are takes note of that course generally, and they return extremely torn and ruined and they are truly challenging for our cash preparing machines to measure. We have parcels and bunches of ¢1 noticed that we can’t measure”, Dr. Addison focused.

“You will review that this is a note [¢2] that was given as a dedicatory note; memorial notes are not takes note of that you keep on printing”, he proceeded.

“What we have done over the most recent two years is to present the ¢2 coin. You would anticipate that, at last, it would pretty much assume the part that the ¢2 note is playing.”

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