The Central Bank of Nigeria has launched a countdown clock on its website for the January 31, 2023 deadline for the circulation of the current naira notes.
The apex bank had announced a Naira redesign policy to produce new notes for three of the naira denominations in circulation: N200, N500, and N1,000 notes.
The CBN had set December 15, 2022, as the official start day for the circulation of the new naira notes.
Meanwhile, the CBN boss described as unacceptable the current situation in which a total of N3.2 trillion has been in circulation, out of which N2.73 trillion was outside the vaults of the banks.
