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Reports | Monetary Policy

Benefits of the Naira Redesign Policy

Feb 11, 2023   •   by Godwin Emefiele   •   Source: CBN   •   eye-icon 160 views

On 26 October 2022, the CBN announced the redesign of some banknotes following Presidential approval. These will circulate alongside old notes, which cease to be legal tender after 31 january 2023. Given apparent hitches, the President granted an extra 10 days for old notes to circulate as legal tender,

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