The Central Bank of Nigeria (CBN) has disclosed that the redesigned financial institution notes shall be unveiled by President Muhammadu Buhari on Wednesday, November 23, 2022.
The CBN had introduced on October 26, 2022 that it’s going to problem the redesigned N200, N500, and N1,000 notes, efficient December 15, 2022, whereas the brand new and present currencies will stay authorized tender and flow into collectively till January 31, 2023.
In a brand new twist on Tuesday, CBN Governor, Godwin Emefiele, instructed journalists that the brand new notes will now be unveiled for public utilization on Wednesday.
He made the disclosure in Abuja on the sidelines of the Monetary Policy Committee (MPC) assembly.
Emefiele stated the apex received’t shift its deadline for all previous notes to be returned to business banks in trade for the newly designed ones.
The CBN MPC additionally hiked financial coverage to 16.5% from 15.5% whereas all different parameters remained unchanged.