Buhari directs CBN to allow old N200 co-exist with new notes
President Buhari has directed the Central Bank of Nigeria (CBN) to release old N200 notes into circulation to co-exist with the new N200, N500 and N1,000 banknotes for 60 days.
The President made this known in a nationwide broadcast this morning Thursday, February 16. He also directed the CBN to allow the new notes available to all citizens.
“To further ease the supply pressures, particularly to our citizens, I have given approval to the CBN that the old N200 bank notes be released back into circulation, he said
“And that it should also be allowed to circulate as legal tender with the new N200, N500, and N1000 banknotes for 60 days from February 10, 2023 to April 10 2023 when the old N200 notes cease to be legal tender.
“Considering the health of our economy and the legacy we must bequeath to the next administration and future generations of Nigerians, I admonish every citizen to strive harder to make their deposits by taking advantage of the platforms and windows being provided by the CBN,” he said.
“Let me assure Nigerians that our administration will continue to assess the implementation with a view to ensuring that Nigerians are not unnecessarily burdened. In this regard, the CBN shall ensure that new notes become more available and accessible to our citizens through the banks.
“I wish to once more appeal for your understanding till we overcome this difficult transient phase within the shortest possible time,” Buhari added.
Pronouncement by the president Buhari not also enough for the citizens
Tuis is not good for us at all with the problem that we are facing in the country
If you are having any issues with politicians, it’s not good to be punishing the citizens
Let’s see how it goes, may Almighty God sees us through
that is good news but if I were him I wouldn’t have allowed all those #1000 and #500 notes exist anymore…….