Naira Redesign: Press Release – ‘CBN directed to ONLY reissue and recirculate the old ₦200 banknotes as legal tender’

President Muhammadu Buhari’s broadcast of ₦200 as legal tender up to April 10, 2023 πŸ‘‡ The Central Bank of Nigeria (CBN) has come out to clarify on the “fake messages quoting the CBN as having authorized the Deposit Money Banks to collect the old ₦500 and ₦1,000 banknotes”.

Newly redesigned Naira notes (₦200, ₦500 and ₦1,000)
Newly redesigned Naira notes (₦200, ₦500 and ₦1,000)

The Nigerian Apex Bank said, President Muhammadu Buhari’s broadcast of February 16, 2023, directs the CBN to “ONLY reissue and recirculate the old ₦200 banknotes as legal tender up to April 10, 2023”.

The CBN “advised media practitioners to PLEASE verify before publication”.

These statements were made via a Press Release by the Central Bank of Nigeria (CBN) signed by the Director, Corporate Communications Department, Osita Nwanisobi.

The Press Release ⬇️

Watch (@MBuhari): President Muhammadu Buhari’s broadcast of β‚¦200 as legal tender up to April 10, 2023 – (From top to bottom) ⬇️

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