W3vina.COM Free Wordpress Themes Joomla Templates Best Wordpress Themes Premium Wordpress Themes Top Best Wordpress Themes 2012

CBN To Release Re-Designed Naira Notes December


(AFRICAN EXAMINER) – The Governor, Central Bank of Nigeria, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022.

He also said that existing notes would seize to be regarded as legal tender by January 31, 2023.

Emefiele disclosed this during a press briefing in Abuja on Wednesday.

The CBN said that it is worrisome that 85 per cent of the currency in circulation is being hoarded by Nigerians.



He further urged Nigerians to proceed to their banks to deposit their Naira notes, adding that the deposit fee would be waived for transactions below N150,000.

Emefiele added that the redesigning of Naira notes would help to curb counterfeit notes, as well as hamper ramson payment to terrorists and kidnappers.


Short URL: https://www.africanexaminer.com/?p=82427

Leave a Reply

Time limit is exhausted. Please reload CAPTCHA.

NDDC Projects Cancellation: Click Below to see full list

UBA

advertisement

Classified Ads

Like us on Facebook

advertise with us