Redesigned Currency: CBN to monitor, enforce circulation by commercial banks
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Source: icirnigeria.org
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Stop Putting Old Naira Notes In ATM Machines Or Face Penalty – Central Bank Warns Commercial Banks
The Central Bank of Nigeria (CBN) has warned commercial banks should stop putting old naira notes in its Automated Teller Machines or face a penalty. The CBN stipulated January 31, 2023, as the deadline for issuance and circulation of the old N200, N500 and N1,000 denominations of the country's currency following the introduction of new banknotes.
Source: saharareporters.com
Existing Jamaican banknotes could start disappearing by 2025
If you want to keep a piece of history, you should consider putting away the existing Jamaican banknotes, as they'll likely be completely removed from circulation by 2025. The Bank of Jamaica (BOJ) unveiled the new series of new paper money on Thu
Source: loopnews.com
Naira Redesign: CBN Denies Plan To Print ₦‎5,000 Note
The Central Bank of Nigeria (CBN) said there’s no plan to introduce N5,000 denominated bank note following the naira redesign. Ahmed Umar, CBN Director of Currency Operations made the clarification on Tuesday in Port Harcourt, Rivers State. Umar attended the Nigeria Deposit Insurance Corporation (NDIC) workshop for Financial Correspondents Association of Nigeria (FICAN) and Business…
Source: niyitabiti.net
Change Of Colour In New Naira Notes Is Security Feature – Nigeria's Central Bank Reacts To Widespread Criticism
The Central Bank of Nigeria has responded to talks about the new naira notes being only redesigned in colour, stating that the change of ink “is in itself a security feature.” The CBN authorities also claimed that the bank had no luxury of time to execute a broad redesign, while claiming that it only wanted to tackle an identified problem. The CBN’s Director of Currency Operations, Ahmed Umar, said this at a three-day workshop organised by the Nigeria Deposit Insurance Corporation (NDIC).
Source: saharareporters.com