CBN Directs Banks to Dispense Old Naira Notes –Soludo

Date:

Share:

CBN Directs Banks to Dispense Old Naira Notes –Soludo
Chukwuma Soludo, Gov, Anambra State

CBN Directs Banks to Dispense Old Naira Notes –Soludo

Chukwuma Soludo, the executive governor of Anambra state, has revealed that the apex bank has directed Nigerians to begin to use old N200, N500, and N1,000 bills for their transactions alongside their newly designed counterparts.

Soludo, in a statement he personally signed, said Dr Godwin Emefiele, the CBN Governor, had personally confirmed the development to him in a phone conversation on Sunday night after a Bankers’ Committee meeting.

The Anambra governor directive was a sequel to CBN’s directive to Commercial banks to dispense and to also receive old currency notes as deposits from customers.

According to him, tellers at commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.

“The Governor of the CBN gave the directive at a Bankers’ Committee meeting held on Sunday.

“The CBN Governor, Dr Godwin Emefiele, personally confirmed this development to me during a phone conversation on Sunday night.

“Residents of Anambra are therefore advised to freely accept and transact their businesses with the old currency notes, including N200; N500; and N1,000 as well as the new notes,” he said.

Soludo said Anambra residents should report any bank that refuses to accept deposits of the old notes.

“Anambra State Government will not only report such a bank to the CBN but will also immediately shut down the defaulting branch,” he said. # Soludo Directs Anambra Residents to Trade with Old Naira Notes Naira Steadies as Banks Issue Update on FX Purchase

Subscribe to our magazine

━ more like this

AFCON 2023 Countdown: Cote d’Ivoire may turn back some Nigerians over travel passports

BY KUNLE SOLAJA. Nigerians holding the ECOWAS Travel Certificates and going for the Africa Cup of Nations next month are certain...

Namibia trainer Benjamin names list of 28 players

Namibia will make its fourth African Cup of Nations appearance Coach Collin Benjamin has called up 28 players The Brave Warriors...

Guinea coach Diawara names 25-man squad for AFCON

Guinea will be making its 13th  African Cup of Nations appearance Coach Kaba Diawara has called up 25 players Syli National...

Mozambique coach Conde announces 23-man squad

Mozambique will make their fifth  African Cup of Nations appearance Coach Chiquinho Condé has called up 23 players The Mambas placed...

Osimhen extends contract with Napoli till 2026

Nigerian international forward Victor Osimhen has signed a contract extension with Napoli until 2026, the Serie A champions announced on Saturday....
spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here