The Central Bank of Nigeria (CBN) says no plans to phase out the redesigned Naira notes from circulation.
CBN’s Acting Director, Corporate Communications Department, Isa AbdulMumin, made this known in a statement in Abuja on Sunday.
The statement was a reaction to a viral news on social media that the apex bank was contemplating the withdrawal of the recently redesigned N1,000 N500 and N200 currency banknotes from circulation.
“We wish to emphatically state that such speculation is unfounded and a ploy by some interests to cause panic among members of the public.
“The new and old currency notes have been circulating side by side.