Highlights of the Naira redesigned announcement announcement made by CBN on Wednesday;
- CBN will change the current N200, N500 and N1,000 currency denominations to a new currency.
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Everyone should start paying the old currency notes into the bank effective immediately.
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The new currency notes will go into circulation on December 15th, 2022.
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Collection of the old notes will stop on January 31st, 2023.
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The old notes would stop being a legal tender by January 31st, 2023.
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Banks are advised to keep all their deposit centres open from Monday to Saturday going forward for collections.
Let’s share to our groups please.
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