The Central Bank of Nigeria Governor, Godwin Emefiele has said the apex bank will redesign three naira notes, the notes are N200, N500, N1000 notes respectively.
The new notes will take effect by December 15, 2022.
Emefiele, said an approval has been received by the bank from President Mohammadu Buhari to redesign the notes.
He said the decision would impact the value of the naira positively.
"Therefore, bank charges for cash deposit are hereby suspended with immediate effect.”
He further disclosed that over 80 per cent of the total cash in circulation was outside the banking system.
“N2.73 trillion out of N3.23 trn exists outside the commercial bank,” he added.
This is our least problem in this country!! Redesigning low currency 😂😂😂
ReplyDeleteI hope they make it equal to dollar 😂
ReplyDeleteNext now is to announce all old currency back to cbn...making the poor masses to suffer!!
ReplyDeleteThis is the height of senselessness. I feel very sorry for this Buhari led government
ReplyDelete