As ordered by President Muhammadu Buhari this morning, the previous N200 will continue to be accepted as legal tender until April 10.
This was announced by the President on Thursday morning during a speech to Nigerians.
He also expressed regret to Nigerians for the challenges they had in getting their hands on the rare new naira notes.
The President’s speech reads: “During the extended phase of the deadline for currency swap, I listened to invaluable pieces of advice from well-meaning citizens and institutions across the nation.
“I similarly consulted widely with representatives of the State Governors as well as the Council of State. Above all, as an administration that respects the rule of law, I have also noted that the subject matter is before the courts of our land and some pronouncements have been made.
“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 cease to be legal tender.”
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