Issuance Of New Naira Bank Notes- What You Need To Know - Politics - Nairaland
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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.
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| 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 |
SensetionalGoal: stupid question. 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 |
Deprofessional: 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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