The Central Bank of Nigeria has called on the public to disregard any report suggesting a phase out or withdrawal of the recently redesigned currency banknotes from circulation.
In a released notice, signed by the acting Director of corporate communication, Isa AbdulMumim on Sunday, the bank stated that the speculation is unfounded and a ploy by some interests to cause panic among members of the public.
The bank reiterated that the old and new notes have been circulating side by side as they have been taking good delivery of a good quantity of the redesigned notes from the Nigerian Security Printing and Minting company Limited.
It was also stated that the bank would remain committed to supplying the approved indent for the smooth running of the economy.
Meanwhile, the CBN emphasized that the redesigned and the old currency will continue to be accepted as legal tender for transactions ahead of the December 31, 2023 deadline, when the old #1000, #500 and #200 banknotes will eventually be phased out.
Chioma Kalu
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