Old Naira Notes to Remain in Use Indefinitely- CBN

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By Biola Lawal

Abuja: (Flowerbudnews) The old Naira Notes will now remain in use as legal tender in the country indefinitely,

A Central Bank of Nigeria (CBN) statement by Isa AbdulMumin, the apex bank’s spokesman said that the indefinite extension was in line with international best practices and to forestall a repeat of earlier experiences.

This meant the old design of N200, N500 and N1,000 denominations would remain in use.



AbdulMumin said that the CBN  was working with the relevant authorities to vacate the subsisting court ruling on the same subject. (Flowerbudnews)

Biola Lawal

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