July 12, 2024
Okwelle Central Filed by Okwelle Market Square Okwelle, Onuimo, Imo State
Old Naira Notes: The old N200 will phase off as a legal tender 10th April – Buhari
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Old Naira Notes: The old N200 will phase off as a legal tender 10th April – Buhari

President Muhammadu Buhari has approved the continous usage of the old 200 naira notes as a legal tender until the 10th of April.

OkwelleBlog  News reports that Buhari made this known in a nationwide broadcast on Thursday.

The president stated that the old 200 naira notes will be distributed back into circulation.

Buhari said:

To further ease the supply pressures particularly to our citizens, I have given approval to the CBN that the old N200 bank notes be released back into circulation and that it should also be allowed to circulate as legal tender with the new N200, N500, and N1000 banknotes for 60 days from February 10, 2023 to April 10 2023 when the old N200 notes ceases to be legal tender.

“In line with Section 20(3) of the CBN Act 2007, all existing old N1000 and N500 notes remain redeemable at the CBN and designated points.

“Considering the health of our economy and the legacy we must bequeath to the next administration and future generations of Nigerians, I admonish every citizen to strive harder to make their deposits by taking advantage of the platforms and windows being provided by the CBN.

“Let me assure Nigerians that our administration will continue to assess the implementation with a view to ensuring that Nigerians are not unnecessarily burdened. In this regard, the CBN shall ensure that new notes become more available and accessible to our citizens through the banks.

“I wish to once more appeal for your understanding till we overcome this difficult transient phase within the shortest possible time.”

Ezewest (Full Name: Ezenwa Obiajuru) I a blogger, graphics and website designer, NFT, Web 3, Crypto and Block chain Enthusiast. Ezewest is a Biafran and a pan-African who loves everything tech, skill acquisition and an independent young man with a vision to see things work out well for every youth out there who is willing to learn the legitimate ways of doing things and as well making money online. He is also the brain behind EzewestEmpire.com. Follow his twitter handle @EmperorEzewest
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