To Forestall Repeat Of Naira Scarcity Under Emefiele, CBN Says Old Bank Notes To Remain Legal Tender Indefinitely

The Central Bank of Nigeria is planning to vacate a subsisting order of the Supreme Court that gave December 31st deadline for the old N1000, N500 and N200 notes to cease to be legal tender.

The apex bank said it has no intention to withdraw the old notes and wants to make them legal tender forever.