‘We massively supplied new naira notes’ — CBN dismisses reports of scarcity | TheCable
January 26, 2023 11:08 AMSpeaking at a media briefing in Jos on Wednesday, Godwin Emefiele, CBN governor, said the apex bank has “massively” supplied banks with the new currency and directed them to disburse it to their customers.for the extension of the January 31 deadline for the validity of old naira notes.Emefiele was represented at the event by Musa Jimoh, director, payment system management department of CBN.
“This is to enable quick circulation and we want to advise commercial banks to desist from keeping the cash away from the public or face the stiffer sanction.”Emefiele advised citizens to deposit their old notes at any commercial bank and acquire new ones with immediate effect, insisting that the January 31 deadline remained sacrosanct.
The CBN governor said the decision to redesign the country’s higher denominations of currency was a national project aimed at addressing problems related to cash circulation.
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