The worn out state of the ¢ banknote, in particular, defeats the Clean Note Policy of the Bank, which seeks to ensure that only good quality banknotes remain in circulation. 5.
Ladies and Gentlemen of the media, since the re-denomination exercise, the general public have demanded an intermediary banknote between the ¢ and ¢ denominations to reduce the gap between the ¢ and ¢ banknotes, as well as improve exchangeability and facilitate transactions. 6. The ¢ banknote will therefore expand the series of banknotes in circulation thereby providing a better choice to the public.