The Central Bank of Nigeria (CBN) has announced an extension of the deadline for the exchange of old Naira notes by 10 days.
The decision was made due to pressure from the public and the bank’s desire to effectively implement its policy. CBN Governor, Godwin Emefiele, stated that the extension has been granted with the permission of President Muhmammadu Buhari.
As of now, the CBN has collected 1.9 trillion Naira in old notes and has 900 billion Naira left to achieve effective implementation of its policy.
The new deadline for the exchange of old notes is February 10, 2023. The CBN is urging the public to take advantage of this extension and exchange their old notes as soon as possible.
This extension is a positive step towards ensuring that the CBN’s policy is implemented effectively. It also shows the bank’s willingness to listen to the public and make necessary adjustments to its policies.
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It is important for the public to take advantage of this extension and exchange their old notes as soon as possible to avoid any inconvenience.
The CBN plays a vital role in the Nigerian economy and its policies have a significant impact on the country’s financial stability.
The bank’s decision to extend the deadline for the exchange of old notes is a positive step towards ensuring that its policies are implemented effectively and efficiently. The public should take advantage of this extension and exchange their old notes as soon as possible.
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