The Central Bank of Nigeria (CBN), yesterday, reiterated that it has no intension of withdrawing the new banknotes as being speculated.
Rather, the apex bank expressed commitment to supplying the “approved indent” for the smooth running of the economy.
CBN’s Acting Director, Corporate Communications Department, Isa Abdulmumin, in a statement, said: “The new and old currency notes have been circulating side by side.
“The CBN has been taking delivery of a good quantity of the redesigned banknotes from the Nigeria Security Printing and Minting Company Limited.”
He said there were no plans to phase out the redesigned naira notes from circulation, adding: “For the avoidance of doubt, the redesigned and old notes will continue to be accepted as legal tender.
“They will circulate side-by-side for transactions ahead of the December 31 deadline, when the old N1,000, N500 and N200 banknotes will eventually be phased out.”
For the avoidance of doubt, the redesigned and old notes will continue to be accepted as legal tender.
