CBN TO REDESIGN N200, N500 AND N1,000 NOTES

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The Central Bank of Nigeria (CBN) on Wednesday said it will redesign the N200, N500, and N1,000 notes.

CBN Governor, Godwin Emefiele, disclosed this during a special press briefing in Abuja.  The new design and issues will be effective from December 15, 2022.

The action was taken in order to take control of the currency in circulation, according to the CBN boss.

The apex bank, Emefiele stated, has secured the approval of President Muhammadu Buhari to roll out new notes to replace the existing currency in circulation.

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