President Buhari Approves Use Of Old N200 Note For 60 Days

Category: Nigeria News

 

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to release old N200 notes into circulation to co-exist with new N200, N500 and N1,000 banknotes for 60 days.

He, however, said old N500 and N1,000 banknotes are no longer legal tender in Nigeria.

The President, who made this known in a nationwide broadcast on Thursday, directed the CBN to allow the new notes available to all citizens.

The President apologized to Nigerians over the difficulty experienced in the implementation of the naira redesign policy.

“To further ease the supply pressure, particularly on our citizens, I have given approval to the CBN that the old N200 bank notes be released back into circulation and it should also be allowed to circulate as legal tender with the new N200, N500 and N1,000 bank notes for 60 days from February 10, 2023 to April 10, 2023 when the old N200 note ceases to be legal tender,” he said.

10 comments:

  1. Don’t let us be deceived people are still spending the rest of note ooo

    ReplyDelete
  2. This morning i was wondering that people as finally come to there senses
    [When they were asking of the same note he said we should stop using 😅
    Nigeria my country

    ReplyDelete
    Replies
    1. The money is not outside so u accept what is available, bike men no gree collect d money but once I found my way out I saw transporters collecting the money

      Delete
  3. mk we all dey spend dis money among ourself, mk nobody carry money godeposit

    ReplyDelete
    Replies
    1. Which bank you wan go deposit ham before ??
      Banks are not opening
      Eleyi of ogun state as told them to be spending the money ooo no time

      Delete
    2. i heard ppl wer told to take the old 1k and 5h to CBN

      Delete
    3. Long story be that oo
      Who cares again

      Delete
  4. Waiting people they talk now he say the next president will soft the situations and reversed the matter so we would continue spending it
    And emewere should prepare to japa out of the country

    ReplyDelete

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