CBN okays use of old Naira notes till Dec 31
AREWA AGENDA – The Central Bank of Nigeria has directed commercial banks to dispense and receive old naira notes as legal tender across the country.
Alhaji Isa AbdulMumin, Acting Director, Corporate Communication revealed this development to the public in a statement he signed on behalf of the apex bank on Monday.
He said the CBN gave the directive at a Bankers’ Committee meeting held on Sunday.
Read Also:
“In compliance with established tradition of obedience to court orders the CBN as a regulator and Deposit Money Banks operating in Nigeria have been directed to comply with the Supreme Court ruling of March 3.
“Accordingly, the CBN met with the Bankers Committee and has directed that the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till Dec. 31, 2023.
“Consequently, all concerned are directed to conform accordingly,’’ the CBN stated.
