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...
Redemption of obsolete currency
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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...