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Home National Naira Redesign: CBN launches countdown clock for implementation

Naira Redesign: CBN launches countdown clock for implementation

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🔴 Breaking News:

The Central Bank of Nigeria, CBN, has inaugurated a countdown clock on its website for the January 31, 2023, deadline for the N200, N500, and N1,000 notes currently in circulation.

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Newspot learnt this on Monday when it visited the apex banks’ website.

Recall that the CBN governor, Godwin Emefiele on 26th October had announced a Naira redesign policy to produce new notes for three of the naira denominations in circulation: N200, N500, and N1,000 notes.

Though the CBN’s naira redesign announcement has received both kudos and knocks, the CBN insisted on proceeding with its implementation to sanitize the country’s economy.

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Naira Resign: CBN launches countdown clock for implementation

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