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Home Economy CBN Reiterates Validity of Old Naira Notes
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CBN Reiterates Validity of Old Naira Notes

By
Prnigeria
-
December 13, 2024
Olayemi Michael Cardoso

CBN Reiterates Validity of Old Naira Notes

The Central Bank of Nigeria (CBN) has observed the misinformation regarding the validity of the old #1000, #500, and #200 banknotes currently in circulation.

In line with the Bank’s previous clarifications and to offer further assurance, the CBN wishes to reiterate that the subsisting Supreme Court ruling granted on November 29, 2023, permits the concurrent circulation of all versions of the #1000, #500, and #200 denominations of the Naira indefinitely.

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For the avoidance of doubt, all versions of the naira, including the old and new designs of N1000, N500, and N200 denominations, as well as the commemorative and previous designs of the N100 denomination, remain valid and continue to be legal tender without any deadline.

We, therefore, advise the public to disregard any claims that the old series of the aforementioned banknotes will cease to be legal tender on December 31, 2024.

We urge Nigerians to continue accepting all Naira banknotes (both old and redesigned) for their daily transactions and to handle them with care to ensure their longevity.

Furthermore, the general public is encouraged to embrace alternative modes of payment, such as e-channels, to reduce pressure on using physical cash.

Sidi Ali, Hakama (Mrs.)

Ag. Director, Corporate Communications

December 13, 2024

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Falcon's WAFCON Glory: Tinubu Committed to Sports Development - MinisterNSCDC Mining Marshal Seals Illegal Lithium Mine in Kebbi, Uncovers Alleged ₦500bn Mineral TheftNAF 'Rattles' ISWAP Terrorists with Decisive Blow in Lake Chad RegionArmy, DSS-Backed Hybrid Forces Neutralize 45 Bandits in Niger OperationAnambra Police Bolster Security with New Armoured Personnel CarrierNigeria Customs Partners China on Smarter Ports, Officer Training, ReformsNAF Airstrikes Eliminate ISWAP Fighters, Top Commanders in MarteNigeria Customs Partners China on Smarter Ports, Officer TrainingVON Apologizes for Erroneous WAFCON Report, Cites Possible Security Breach, Identifies CulpritPolice Operatives Eliminate 3 Bandits, Recover 10 AK-47 RiflesTinubu to Honours 210 Ex-NYSC Members for Meritorious ServicesPRNigeria Opens Application for 2025 Young Communication FellowshipNDLEA Arrests Chinese Businessman, 80-Year-Old Grandma in Nationwide Drug Raids IEDPU Praises CP Moshood Jimoh of Lagos Police for Exemplary LeadershipTroops Repel Boko Haram Attack in Gwoza, Recover Firearms
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