CBN denies authorizing banks to accept old N500, N1000 notes

The Central Bank of Nigeria,CBN has described as fake, reports that it has authorised banks to collect old N500 and N1000 notes.

Osita Nwanisobi, Director, Corporate Communications of CBN who made the denial in a statement also said only old N200 notes as directed by President Muhammadu Buhari, in his broadcast will be accepted by banks.

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