Gbetu TV (News They Are Not Talking About)
The Central Bank of Nigeria (CBN) has ordered banks to start collecting the old N500 and N1,000 notes from the public with immediate effect.
It, however, pegged the maximum amount the banks can collect at N500,000.
Kindly see below, clarifications from the Banker’s Committee meeting held Friday, 17th February, 2023 on the Naira Redesign policy.
CBNwill notify the banks when to commence the deposit of the old 500s, and 1000s naira notes.
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