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The Central Bank of Nigeria has finally concluded plans to release all notes in its custody to Deposit Money Banks.

todayMarch 24, 2023 44

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The Central Bank of Nigeria has finally concluded plans to release all notes in its custody to Deposit Money Banks.

The CBN’s latest decision came several weeks after the Supreme Court ordered that old N1,000, N500 and N200 notes should remain legal tender until December 31, 2023.

This decision is expected to end months of hardships and pains Nigerians have been going through following a controversial CBN naira redesign policy that has caused a severe shortage of old and new naira notes across the country.

 

Written by: EaglesFM

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