CBN Affirms Old Naira Notes Will Remain Legal Tender Indefinitely, Dispels December 2024 Deadline

The central bank’s clarification came on a day the House of Representatives called on the apex bank to increase issuance of the newer N200, N500 and N1,000 denominations, and commence the phase out of old notes from circulation before the December 31, 2024 deadline for their discontinuation.

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