No plans to phase out redesigned Naira notes – CBN

The Central Bank of Nigeria (CBN) says no plans to phase out the redesigned Naira notes from circulation.

CBN’s Acting Director, Corporate Communications Department, Isa Abdulmumin, made this known in a statement in Abuja on Sunday.

The statement was a reaction to a piece of viral news on social media that the apex bank was contemplating the withdrawal of the recently redesigned N1,000 N500 and N200 currency banknotes from circulation.