Despite complaints about lack of the new bills, the Central Bank of Nigeria (CBN) insists the deadline for exchanging old Naira notes for new ones would remain January 31, 2023.
In its official twitter handle @cenbank, on Friday, the apex bank wrote, “The current series of N200, N500 and N1,000 notes remain legal tender until the deadline of January 31, 2023.”
ATMs, however, continue to dispense old notes, even as banks pay the same on the counters.
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The apex bank had last October announced that the old Naira notes would stop circulating, cease to be legal tender from January 31, 2023.
The announcement had sparked various reactions from the public, which in part, informed the call by the National Assembly for CBN to extend the deadline of January 31, 2023.
