Central Bank of Nigeria (CBN) has directed banks to dispense and received old N200,N500 and N1000 notes.
A statement by the acting Director, CBN Corporate Communications, Isa AbdulMumin, says the apex bank gave the directive at a Bankers’ Committee meeting held on Sunday.
Following the Naira scarcity in the country and the Supreme court order, declaring the old N500 and N1000 as legal tender till Dec 31, 2023, the Central Bank of Nigeria has now directed commercial banks to dispense and receive old naira notes.
Banks have now been authorised to dispense and receive the old Naira notes.
Read The Statement Below; statement