No plan to ditch new banknotes, says CBN

No plan to ditch new banknotes, says CBN

by

There is no plan to halt the distribution of new naira notes from circulation, the Central Bank of Nigeria (CBN) has said. THE GUARDIAN reports.Information Guide Nigeria

Acting Director of the Corporate Communications of the bank, Dr. Isa AbdulMumim, said dismissed the rumour that the regulator was contemplating the withdrawal of the recently-redesigned N1000, N500, and N200 currency banknotes from circulation.

“We wish to state emphatically that such speculation is unfounded and a ploy by some interests to cause panic among members of the public,” he stated.NYSC Portal

Other Top Stories:

“We, therefore, urge members of the public to disregard any report suggesting a phase-out of the redesigned currency.JAMB Result

“For the avoidance of doubt, the redesigned and old notes will continue to be accepted as legal tender. They will circulate side-by-side for transactions ahead of the December 31, 2023 deadline, when the old N1000, N500 and N200 banknotes will eventually be phased out.”

 

Leave a Comment