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Stats: 2,991,457 members, 7,285,560 topics. Date: Wednesday, 01 February 2023 at 10:13 AM
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|Issuance Of New Naira Bank Notes- What You Need To Know by cremedelacreme: 3:34pm On Oct 31, 2022|
The Central Bank of Nigeria (CBN) has announced its plan to redesign and circulate a new series of banknotes - N200, N500, and N1,000 - starting December 15th, 2022.
Existing banknotes for these denominations will remain legal until January 31st, 2023.
What does this mean for Bank customers?
• Customers can start depositing existing naira notes into their Bank accounts to enable them to withdraw the new notes when they are in circulation.
• Bank charges for cash deposits only are now suspended immediately.
• Customers will no longer spend the existing banknotes (N200, N500, and N1000) come February 1st, 2023.
|Re: Issuance Of New Naira Bank Notes- What You Need To Know by SensetionalGoal(m): 4:07pm On Oct 31, 2022|
But how does this contribute meaningfully to average Nigerians
|Re: Issuance Of New Naira Bank Notes- What You Need To Know by Deprofessional(m): 4:41pm On Oct 31, 2022|
how does the old note contribute meaningfully to average nigerians?
|Re: Issuance Of New Naira Bank Notes- What You Need To Know by SensetionalGoal(m): 5:05pm On Oct 31, 2022|
I'm not against the policy bro, but the timing is wrong naa...
|Re: Issuance Of New Naira Bank Notes- What You Need To Know by cremedelacreme: 6:18pm On Oct 31, 2022|
I think the timing is OK considering the fact that many politicians must have stashed billions of naira for next year's election.
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