Naira Redesign: CBN evacuates banknotes to Deposit Money Banks

The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes to Deposit Money Banks (DMBs).

Central Bank of Nigeria (CBN) confirms the evacuation of banknotes of various denominations to Deposit Money Banks (DMBs)
Central Bank of Nigeria (CBN) confirms the evacuation of banknotes of various denominations to Deposit Money Banks (DMBs). Photo: @cenbank

The Apex Bank disclosed that banknotes have been evacuated “from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations”.

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