CURSORY:
- The CBN has extended the deadline for the exchange of opd N200, n500 and N1000 for the new series untill February 10th 2023.
- The announcement was made by the CBN Governor, Godwin Emefiele on 29th of January.
- The extension was made to accommodate the collection of opd miata note due to shortage of the old ones.
The deadline for exchanging the old N200, N500, and N1,000 notes, part of the three series of Naira, is extended by the Central Bank of Nigeria (CBN) until February 10th, 2023.
The CBN responded to pressure from concerned Nigerians following the disruption caused by the introduction of the redesigned currency.
This was announced in a statement by CBN Governor, Godwin Emefiele, on January 29th, 2023. The original deadline of January 31st, 2023, was set after the introduction of redesigned notes in December.
The extension has, however, been made to accommodate the collection of more old notes as there is a shortage of the redesigned notes currently in circulation.