By 10.00 am Wednesday, President Muhammadu Buhari will unveil the newly designed naira notes, the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. was quoted saying “We are no longer waiting till December 15th to unveil and begin to release the new notes” -CBN
The CBN Governor Emefiele disclosed this at the Monetary Policy Committee monthly meeting of the bank in Abuja on today Tuesday December 22nd 2022.
He said, “100 days is enough for any person from any part of Nigeria to deposit his money in the bank and get his money when the new notes are released.
“For information, indeed, we are no longer waiting till December 15th to unveil and begin to release the new notes.
Emeifele said “By the special grace of God, tomorrow, which is the 23rd of November 2022, the President has graciously accepted to unveil the new currencies and the new currencies will be unveiled tomorrow at the Federal Executive Chamber by 10am.”
The CBN governor had last month announced the plan to redesign the naira, saying the money being held by some individuals was higher than the one in circulation.
The planned redesign of some Naira notes had generated mixed reactions, with some calling for the extension of the deadline.
But at the MPC meeting, Emefiele said the apex bank would not move the January 31, 2023 deadline for all old notes to be deposited to commercial banks.
The newly designed naira notes are N1,000, N500 and N200 notes.