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Reading: No plans to phase out redesigned Naira notes – CBN
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Africa housing News > Economy > No plans to phase out redesigned Naira notes – CBN
EconomyNews

No plans to phase out redesigned Naira notes – CBN

Ene Alice
Last updated: 2023/04/30 at 7:10 PM
Ene Alice 1 month ago
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CBN slashes naira value to N631/$1
CBN slashes naira value to N631/$1
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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.

No plans to phase out redesigned Naira notes – CBN
AIHS 2023

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.

Source: Thenationonline

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TAGGED: abuja, acting director, Africa housing news, Apex bank, CBN, Economy, Monetary policy, naire note, trending news
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