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President Muhammadu Buhari has Today unveiled the redesigned high-denomination bank notes today during the weekly meeting of the Federal Executive Council.
The CBN had announced on October 26 that it will issue the redesigned N200, N500, and N1,000 notes, effective December 15, 2022, while the new and existing currencies will remain legal tender and circulate together until January 31, 2023.
However, addressing reporters at the end of a two-day Monetary Policy Committee meeting yesterday, Governor of the Central Bank Godwin Emefiele said against the earlier date for the unveiling, President Buhari will launch the new naira notes today (Wednesday) at the weekly meeting of the Federal Executive Council.
