Newly redesigned Naira now in banks, ready for issuance — Emefiele

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the newly redesigned Naira notes are already in banks and ready for issuance.

According to a statement on CBN’s official Twitter handle, Emefiele said so in Daura while on a visit to brief President Muhammadu Buhari on the Naira redesign and the recently reintroduced cashless policy.

He said that the currency redesign and reintroduced cashless policies were not targeted at anybody but are for the good and development of the Nigerian economy.

He urged Nigerians to embrace the various electronic channels available for banking and financial service transactions in Nigeria.

“The newly redesigned N200, N500, and N1,000 banknotes are now in banks and ready for issuance to members of the public.

“The currency redesign and reintroduced cashless policies are not targeted at anybody but are for the good and development of the Nigerian economy.

”The CBN deferred the cashless policy severally to prepare and deepen Nigeria’s payments system infrastructure,” he said.

Emefiele advised Nigerians to take their old N200, N500, and N1,000 banknotes to the banks before January 31, 2023, deadline.