The old notes would still be valid until the 31st January, 2023, as stated by the CBN. President Muhammadu Buhari Wednesday unveiled the new notes of the three highest denominations of the Nigerian currency: N200, N500 and N1,000.


#redesigned #nigeria #currency

Why was the Naira redesigned?

''There was an urgent need to take control of currency in circulation and to address the hoarding of Naira banknotes outside the banking system, the shortage of clean and fit banknotes in circulation, and the increase in counterfeiting of high-denomination Naira banknotes.


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