The Central Bank of Nigeria has extended the deadline for the swapping of old naira notes with the redesigned ones till February 10, 2023. The CBN stated this in a release on Sunday.
The apex bank said it added, “a 10-day extension of the
deadline from January 31, 2023, to February 10, 2023, to allow for the
collection of more old notes.”
This is according to the CBN governor, Godwin Emefiele.
He also noted that Nigerians would still be able to deposit
their old notes directly with the CBN until February 17, 2023, described as a “grace period.”
There has been pressure from many Nigerians and groups
concerning the initial January 31 deadline for the validity the old notes, as
the scarcity of the newly designed 200, 500, and 1000 naira notes prevailed in
the country.
Extending the deadline, Emefiele said, “Based on the
foregoing, we have sought and obtained Mr. President’s approval for the
following: a 10-day extension of the deadline from January 31, 2023, to
February 10, 2023; to allow for the collection of more old notes legitimately held
by Nigerians and achieve more success in cash swap in our
rural communities after which all old notes outside the CBN loses their Legal
Tender Status.
0 Comments