Emefiele: We've collected N1.9trn old naira notes so far -- N500bn more to go

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Emefiele: We've collected N1.9trn old naira notes so far -- N500bn more to go
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[TOP STORY] Emefiele: We've collected N1.9trn old naira notes so far — N500bn more to go | TheCable

January 29, 2023 12:26 PM, says N1.7 trillion worth of naira notes have been returned to banks so far — with N500 billion more to go.The bank on Sundayfor the swap of the old notes for new ones at the commercial banks from January 31, 2023 to February 10.

“We commenced a nationwide sensitization through the Print and electronic media to create an awareness on the redesigned notes to Nigerians including collaboration with the National Orientation agency to reach all Nigerians across multiple channels. “We are happy that so far, the exercise has achieved a success rate of over 75 percent of the N2.7 trillion held outside the banking system. Nigerians in the rural areas, villages, the aged and vulnerable have had the opportunity to swap their old notes; leveraging the Agent Naira Swap initiative as well as the CBN Senior staff nationwide sensitization team exercise.

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