Thu. Nov 24th, 2022

CBN COMMENCES NEW NAIRA NOTES DISTRIBUTION.

The Central Bank of Nigeria, CBN, will today commence the distribution of the New Naira Notes to its branches across the country.

The Director of Currency Operations, Mr. Bello Umar who disclosed this in Abuja during yesterday’s post-monetary policy committee press briefing, noted that the new notes are expected to be in circulation as from December fifteenth, and will circulate side-by-side with the old notes until January 31st, 2023.

Mr. Umar said however, that the apex bank was concerned that the rush to deposit old notes has not yet been seen as anticipated.

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