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Old 200,500 And 1000 Naira Notes Remain Legal Tender Till 31st December, 2023—CBN

admin by admin
March 14, 2023
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Old Naira Notes Are No Longer Legal Tender In Nigeria, Do Not Use Or Accept It ! —CBN
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Old 200, 500 And 1000 Notes Remains Legal Tender Till December 3, 2023- CBN

 

In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and by extension, the operations of the Central Bank of Nigeria (CBN), as a regulator, Deposit Money Banks operating in Nigeria have been directed to comply with the Supreme Court ruling of March 3, 2023.

 

Accordingly, the CBN met with the Bankers’ Committee and has directed that the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till December 31, 2023.

Consequently, all concerned are directed to conform accordingly.

 

Isa AbdulMumin
Acting Director of Corporate Communications,
CBN

Tags: FeaturedNews

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