The Central Bank of Nigeria has issued today a Press Release in which it informs that “In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammmaddu Buhari, and by extension, the operations of the Central Bank of Nigeria (CBN), as a regulator, Deposit Money Banks operating in Nigeria have been directed that the old NGN200; NGN500 and NGN1,000 banknotes remain legal tender alongside the redesigned banknotes till December 31, 2023.

(The measure has been taken after ten days of hesitation, causing untold pain to tens of millions of Nigerians.)

Source: Central Bank of Nigeria.

Courtesy: Gabriel’s Numismatic Market, LLC.

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