Naira scarcity: Emefiele speaks on old N200 notes

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has assured Nigerians that the old N200 notes will be made available immediately.

Newsflash Nigeria had earlier reported that President Muhammadu Buhari Buhari extended the only old N200 notes to be circulated till April 10 and remains legal tender.

He ordered the Central Bank of Nigeria (CBN) that the old N200 bank notes, which will remain legal tender with the newly re-designed N200, N500, and N1,000 notes until April 10, 2023.

Buhari disclosed this on Thursday morning during a nationwide broadcast.

Meanwhile, the CBN Governor, Godwin Emefiele, has revealed he has met with the 15 heads of commercial banks in the country.

According to him, he discussed with them how to ease the ongoing cash crunch in the country, following President Muhammadu Buhari’s directive in his national broadcast to the nation on Thursday morning.

Emefiele spoke to State House correspondents shortly after attending a meeting between Buhari and the House of Representatives Adhoc committee at the presidential villa where the new naira redesign and naira swap policy was top on the agenda.

Emefiele assured Nigerians that the old N200 notes will be made available immediately.

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