Jan-10-2024
Saudi Arabia – Older banknotes no longer redeemable over the counter at the Central Bank.
The Saudi Arabian Central Bank is no longer providing the over the counter exchange of older notes. These can only...
Redemption of obsolete currency
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Nov-4-2023
India – Banknotes of 2,000 rupees can still be redeemed.
On a Press Release dated 1 November 2023 the Reserve Bank of India has clarified that the redemption of banknotes...
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Nov-1-2022
Nigeria – Black market dollar rate reach 200% of official rate.
At an average of 880 naira per USD the black market rate of the American dollar has surpassed the 200%...
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Oct-29-2022
Nigeria – Finance Ministry not informed in advance of currency replacement.
Zainab Ahmed, Minister for Finance, declared yesterday that the Central Bank of Nigeria did not consult her ministry before taking...
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Oct-28-2022
Nigeria – New banknotes and the value of naira.
The replacement of the old banknotes recently announced, and the short period given for their replacement, are affecting the value...
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Sep-17-2022
Sierra Leone – Legal tender status of old notes extended.
The Bank of Sierra Leone announced on 15 September 2022 that the legal tender status of old banknotes denominated in...
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Sep-1-2022
South Africa – Import and redemption of obsolete banknotes restricted.
Up to a few months ago South African Customs authorities were not strict in enforcing the rules that limit the...