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    The Central Bank of Nigeria issued a press release to clarify that it did not authorize commercial banks to collect old 500 and 1000 naira banknotes, as some fake messages had claimed. The CBN was only directed to reissue and recirculate the old 200 naira banknotes, which will remain legal tender until April 10, 2023. The public is advised to disregard any unofficial messages on this subject and media are asked to verify information with the CBN before publication.

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    The Central Bank of Nigeria issued a press release to clarify that it did not authorize commercial banks to collect old 500 and 1000 naira banknotes, as some fake messages had claimed. The CBN was only directed to reissue and recirculate the old 200 naira banknotes, which will remain legal tender until April 10, 2023. The public is advised to disregard any unofficial messages on this subject and media are asked to verify information with the CBN before publication.

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    © All Rights Reserved
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    5 views1 page

    CBN Press Release

    Uploaded by

    Happy
    The Central Bank of Nigeria issued a press release to clarify that it did not authorize commercial banks to collect old 500 and 1000 naira banknotes, as some fake messages had claimed. The CBN was only directed to reissue and recirculate the old 200 naira banknotes, which will remain legal tender until April 10, 2023. The public is advised to disregard any unofficial messages on this subject and media are asked to verify information with the CBN before publication.

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    © All Rights Reserved
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    www.cbn.gov.

    ng
    Central Bank of Nigeria
    Press Release

    The attention of the Central Bank of Nigeria has been drawn to some fake and
    unauthorized messages quoting the CBN as having authorized the Deposit
    Money Banks to collect the old N500 and N1,000 Banknotes. For the avoidance
    of doubt, and in line with Mr. President’s broadcast of February 16, 2023, the
    CBN has been directed to ONLY reissue and recirculate the old N200
    banknotes and this is expected to circulate as legal tender for 60 days up to
    April 10, 2023. Members of the public should therefore disregard any message
    and/or information not formally released by the Central Bank of Nigeria on this
    subject.

    Media practitioners are advised to PLEASE verify any information from the
    correct sources before publication.

    Osita Nwanisobi
    Director, Corporate Communications

    February 17, 2023

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