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Nairaland Forum / Nairaland / General / Business / Banks Will Accept Old Naira Notes After Deadline - Emefiele (51034 Views)
New Naira Policy: Do People Still Accept Old Naira Notes In Your Area? / Supreme Court Temporarily Halts Banning Of Old Naira Notes / Old Banknotes Redeemable Only At CBN After Deadline - Emefiele (2) (3) (4)
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Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Wipper7000: 6:55pm On Jan 31, 2023 |
Buksaylor:Brother, What of if I accept it as a legal tender and later take it to my Bank for deposit since bank still accept it as a deposit. is it not the same. Emefiele is the worst CBN governor. I have never seen a CBN governor running to the president before taking decisions in my life. 1 Like 1 Share |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Wipper7000: 6:57pm On Jan 31, 2023 |
Omoapena: |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by shinealight(m): 7:01pm On Jan 31, 2023 |
SmartPolician: Gbaja threatened to get Emefiele arrested to compel him to appear before the HoR to give explanations. After Emefiele came to his senses, what’s the point of asking security operatives to pick him up? Any sense in that? 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by SisterAnn(f): 7:05pm On Jan 31, 2023 |
Dreal1247:It means after the deadline, you can't spend the money on the streets. But you can take it to the bank and still swap it to get new notes. |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by SisterAnn(f): 7:07pm On Jan 31, 2023 |
UnfairLife7:He still maintained his stand. Read again and carefully. |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by SisterAnn(f): 7:08pm On Jan 31, 2023 |
christejames:After the deadline, you can't spend the old notes. But take it to the bank and you will get new ones. 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Allisgud: 7:11pm On Jan 31, 2023 |
If this is true,the aim of the redesign is a waste of money |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by SisterAnn(f): 7:12pm On Jan 31, 2023 |
KingKO22:What emefile told the reps is still what he told the press yesterday after meeting with buhari. After Feb 10th, old notes stored in underground tunnels by politicians stops being legal tenders. But you can still haul them to the bank and deposit them to get new ones. You are too slow to understand because your mind is filled with evil intentions. |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by SisterAnn(f): 7:15pm On Jan 31, 2023 |
Allisgud:How? After the deadline, you can't spend old notes again. But you can use trailer to carry them to the bank and deposit them. Then you can withdraw new notes in return. Now tell me, if a money hoarder takes 20m old notes to the bank and deposit it after Feb 10, can the bank be able to give him back 20m of new notes in return immediately? No! The old notes would remain scarce till after the election. Vote buying will be highly curtailed. |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by BloomingDale(f): 7:18pm On Jan 31, 2023 |
Omoapena: Oga, stop this fake argument. If you take your old notes to the back even years after the deadline, they will still accept it even though it’s no more legal tender. Even though it’s no more legal tender I’m sure the public will still use it if they can’t get hold of the new notes since you can take the old notes to the bank anytime for exchange. The only people that are mandated to follow the CBN deadline are the banks that will no longer give out the old notes to the public. Gradually the old notes will be moped off. Tinubu can still use all his old stash to bribe electorates on Election Day. 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Elidrisy20: 7:20pm On Jan 31, 2023 |
This man dey crazy ooo |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by emilo2bad: 7:21pm On Jan 31, 2023 |
SisterAnn:Stop consoling yourself you lose big time, we will spend old naira throughout this year 1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by BloomingDale(f): 7:25pm On Jan 31, 2023 |
SisterAnn: If the public can’t get hold of the new notes, they can still be spending the old notes since you can take it to the bank for exchange anytime. Does not matter if it’s still legal or not. Abi na you wan go monitor them. |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by SisterAnn(f): 7:27pm On Jan 31, 2023 |
emilo2bad:You are dense upstairs. By Feb 10, old notes you have stored in the grave cease to be legal tender. But you can still deposit it in the bank to withdraw new notes. The catch is that, even if you deposit 10m old money, no bank will pay you 10m of new money in exchange. The new money will still not be sufficiently available. You maybe be offered nothing more than 200k in new money or less, depending on stipulated withdrawal limit. New money will never be enough in circulation till after election. Say no to vote buying. |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by emilo2bad: 7:27pm On Jan 31, 2023 |
KINGBEN1:your comment show you are new to Nigeria politics, the new notes is already with politicians |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by emilo2bad: 7:32pm On Jan 31, 2023 |
SisterAnn:you the dundee here, the statement is throughout this year old money can still be deposited in Bank. vote buying so you think politicians don't have the new notes ? laugh |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by iswallker(m): 7:34pm On Jan 31, 2023 |
Omoapena: its useless anywhere you go after 10 except the bank - quite simple |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Allisgud: 7:42pm On Jan 31, 2023 |
SisterAnn:yeah thats what am talking about,which simply means electorates can still collect their 3k old note voting fees since bank can collect it🤔 |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Omoapena(m): 7:53pm On Jan 31, 2023 |
BloomingDale: Lolz, in that case, it can't be mopped out so basically it is still legal tender so far the banks will continue to take it and people will keep spending it... Since this is what you believe, I will advise you to keep the old notes with you till after 17th of February |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by frozen70(f): 8:04pm On Jan 31, 2023 |
Dreal1247: They want people who still have the old notes to bring them to the banks But don't accept old notes for anything or business transactions |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by R0LL0N(m): 8:06pm On Jan 31, 2023 |
Do you know somebody died as a result of this chaos. God punished corrupt leaders |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by BloomingDale(f): 8:31pm On Jan 31, 2023 |
1 Like |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Omoapena(m): 8:35pm On Jan 31, 2023 |
BloomingDale: Lolzzz You went to school but its not showing in you at all.. I guess school pass through you lolz |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by BloomingDale(f): 8:43pm On Jan 31, 2023 |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by ibinaboonline: 9:00pm On Jan 31, 2023 |
So, to you, this is all about enforcing the cashless policy? Even if that were true, then the program is a disaster. I made a POS withdrawal last Saturday and got billed twice. The vendor simply told me to go to my bank. I went to the bank today, filled the form, and then was told to wait 5 weeks. You hear that? Five weeks. What if the reason I need the money is critical? Mine is even a mild example. The country is not ready for a cashless economy. It's a disaster waiting to happen. Parachoko: |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by fxexperts: 9:07pm On Jan 31, 2023 |
kaeycea:Speak ignorantly for yourself dude. You don't know the calamity that is about to befall Nigeria if this useless CBN policy stands. RichAbujaGuy:Dude doesn't know what cashless policy means. Buksaylor:How does that sound to you. and will the perceive purpose you so pray for its implementation works. your setout goal has been defeated then. |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by OlawaleBammie: 9:31pm On Jan 31, 2023 |
Islandboi:people way dey sane for naija no plenty like that na, so who do u tink will enter?? I meant PDP would give apc a run for their money |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by frog12: 9:34pm On Jan 31, 2023 |
this man is foolish |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by kaeycea(m): 9:55pm On Jan 31, 2023 |
fxexperts:policy will stand despite the desperate attempt to spread fear and uncertainty about it by politicians through their surrogates |
Re: Banks Will Accept Old Naira Notes After Deadline - Emefiele by Parachoko: 10:05pm On Jan 31, 2023 |
Omoapena:A new ₦100 note was introduce in 2014 when Nigeria was celebrating our 100 years anniversary of been United. How did the old ₦100 notes produce between 1995 and 2014 lose its legal tender status? When polyma notes were introduce under Soludo, how did the old paper notes lose there legal tender status? |
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