He got a directive from headquarters that we should go to our banks and deposit the old N1,000 and N500 notes there. So what is...

Reactions trail CBN's interpretation of Buhari's Naira denomination Directive

Central Bank of Nigeria Press Release

Mixed reactions have trailed the Central Bank of Nigeria's Press Release issued on Feb 17, 2023, as Nigerians presented 'pieces of evidence' of contrary releases from Banks.

 

PRESS RELEASE

The attention of the Central Bank of Nigeria has been drawn to some
fake and unauthorized messages quoting the CBN as having
authorized the Deposit Money Banks to collect the old N500 and
N1,000 Banknotes. For the avoidance of doubt, and in line with Mr.
President's broadcast of February 16, 2023, the CBN has been
directed to ONLY reissue and recirculate the old N200 banknotes
and this is expected to circulate as legal tender for 60 days up to
April 10, 2023. Members of the public should therefore disregard any
message and/or information not formally released by the Central
Bank of Nigeria on this subject.

Media practitioners are advised to PLEASE verify any information
from the correct sources before publication.

Signed:


Osita Nwanisobi

Director, Corporate Communications Department

Central Bank of Nigeria
www.cbn.gov.ng
 

 

Central Bank of Nigeria's Press Release issued on Feb 17, 2023
Credit

Central Bank of Nigeria | Twitter

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