CBN Seeks Partnership With Google to Set Up Virtual Museum Showcasing Nigerian Currency
- The CBN has said it plans to partner with Google to establish a virtual currency museum showcasing Nigeria's currency evolution
- Over 30,000 physical visitors have already visited the CBN currency museum, prompting the need to expand its reach
- Meanwhile, the CBN has revealed that it is expected to redesign the naira every 5 to 8 years
The Central Bank of Nigeria (CBN) has announced plans to partner with Google to create a virtual reality museum for the naira.
The announcement was made by Folashodun Shonubi, deputy governor of the CBN's Operations Directorate, during the celebration of the 2023 International Museum Day in Abuja on Thursday, May, 19 2023.
Source: Facebook
Shonubi explains that the virtual museum will allow people worldwide to access and tour the CBN's currency museum without physically visiting.
He revealed that there had been more than 30,000 physical visitors at the physical CBN currency museum.
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The Currency Museum of the Central Bank of Nigeria was established on the 6th of May 2009, with two permanent and temporary galleries.
Why CBN virtual currency Museum
Shonubi explains that establishing a virtual gallery aims to provide greater access to a larger number of people interested in exploring the museum's exhibits.
He said:
"The virtual currency museum will offer a digital collection of images, sound files, text documents, and other data of historical, scientific, or cultural significance, providing an immersive experience for visitors.
"Museums have a profound impact on our communities and cultural landscapes. The virtual museum will be carried out by our in-house Information Technology Department.
When completed, this approach allows the public to view the displayed artefacts from anywhere in the world comfortably."
Also, during the event, Ahmed Bello Umar, the Director of Currency Operations at the CBN, shared his enthusiasm for the museum.
Umar noted:
"Museums are important means of cultural exchange, enrichment of cultures and development of mutual understanding, cooperation and peace among people”.
Under President Buhari naira lost half its value against US dollar
In another report, the Nigerian naira has experienced a significant decline against the US dollar during President Buhari's tenure.
This is according to a new report that shows the naira weakened by 57.26% and 37.58% in official and black markets, respectively.
The findings paint a grim picture despite several Central Bank of Nigeria policies.
Source: Legit.ng
