BREAKING: CBN To Redesign N200, N500, And N1,000 Notes
Emefiele made the announcement today in Abuja.
By Omotayo Olutekunbi
The N200, N500, and N1000 notes will no longer be in circulation as of December 15, 2022, according to a statement by the Central Bank of Nigeria (CBN), which also revealed plans to redesign and reissue each of these notes.
President Muhammadu Buhari has approved the redesign, manufacturing, and circulation of the new Naira notes, according to CBN Governor Godwin Emefiele, who made the announcement in Abuja on Wednesday.
He notified the public that the old notes will no longer be accepted as legal money on January 31, 2023, and he ordered commercial banks to immediately stop charging interest on cash deposits.
More Details Later….
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