Release old N200 to coexist with new naira notes, Buhari orders CBN
...approves old N200 as legal tender till April 10 ...says old N500, N10000 no longer legal tender By Idowu Ajigboteso and Abimbola Oloyede PRESIDENT Muhammadu Buhari on Thursday morning has ordered the Central Bank of Nigeria (CBN) to allow the old N200 and redesigned N200, N500 and N1000 notes to coexist. Buhari gave the directive to CBN in a national broadcast. He said the old N200 will continue to be legal tender till Monday, April 10. “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 Feb. 10, 2023 to April 10 2023. “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.” Buhari in October 2022 approved the CBN’s request to redesign the Nigerian currency notes – and phase out the old naira notes by the end of January 2023. He lat...