The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has announced that President Muhammadu Buhari will unveil the newly designed naira notes on Wednesday.
Emefiele disclosed this in Abuja during Tuesday’s Monetary Policy Committee monthly meeting.
The newly designed naira notes to be unveiled are N1,000, N500, and N200.
According to the governor, the apex bank will not extend the January 31, 2023, deadline for transferring old notes to commercial banks.
On October 26, 2022, Emefiele announced that the CBN would issue the redesigned N200, N500, and N1,000 notes, effective December 15, 2022. However, he has said the CBN will not wait till December 15 but will unveil it on Wednesday, November 23, 2022 (tomorrow).
He said, “100 days is enough for any person from any part of Nigeria to deposit his money in the bank and receive it when the new notes are released.
“For information, indeed, we are no longer waiting until December 15th to unveil and release the new notes.
“By the special grace of God, tomorrow, which is the 23rd of November 2022, the President has graciously accepted the unveiling of the new currencies, and the new currencies will be unveiled tomorrow at the Federal Executive Chamber by 10am.”
