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CBN Has Directed Banks To Accept And Dispense Old Naira Notes — Soludo

1- GOVERNOR SOLUDO: SPECIAL PUBLIC ANNOUNCEMENT

Commercial banks have been directed by the Central Bank to dispense old currency notes and to also receive same as deposits from customers.

2- Tellers at commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.

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The Governor of the CBN gave the directive at a Bankers’ Committee meeting held on Sunday, 12th March 2023.

3- The Governor, Emefiele, personally confirmed the above to me during a phone conversation on Sunday night. Residents of Anambra are therefore advised to freely accept and transact their businesses with the old currency notes (N200; N500; and N1,000) as well as the new notes.

4- Residents should report any bank that refuses to accept deposits of the old notes. Anambra State Government will not only report such a bank to the CBN, but will also immediately shut down the defaulting branch.

 

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