The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has directed all the 15 bank executives to make the old 200 naira notes available from Thursday (today).
Emefiele stated this shortly after the meeting he had with President Muhammadu Buhari and the House of Representatives Special Ad Hoc Committee on Naira Redesign Policy, Cashless Policy, and Currency Swap on Thursday.
Speaking with State House Correspondents after the meeting, Emefiele appealed to Nigerians to allow the policy to succeed, insisting it will bring advancement to Nigeria’s economy when the challenge of illicit financial flows and insecurity is resolved.
The CBN Governor who regretted the difficulty experienced in the implementation of the naira redesign policy, assured that the apex bank will continue to work to ease the sufferings of Nigerians owing to the cash crunch.
Earlier in his nationwide broadcast on Thursday, President Buhari had directed the CBN to release old N200 notes into circulation to co-exist with the new N200, N500, and N1,000 banknotes for 60 days.
He, however declared that the old N500 and N1,000 banknotes have ceased to be legal tenders in Nigeria following the February 10, deadline.