President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to recirculate and allow only the old N200 remain legal tender until April 10, 2023, TheHILL can authoritatively report.
According to the President, the old N200 note will remain legal tender with the newly re-designed N200, N500 and N1,000 notes until April 10.
Buhari who gave the order this morning while addressing the nation said, it became necessary to improve currency circulation in the country and ease pains experienced by Nigerians due to the decision to retire some denominations of the old banknotes after a currency redesign project.
He assured the Central Bank of Nigeria would continue to ensure the new notes are released into the system for access, submitting that his government will monitor the success of the policy to ensure Nigerians are not suffering unnecessarily.
