President Buhari To Unveil Newly Redesigned Naira Notes On Wednesday, Nov 23 – Emiefele

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Tuesday made it known that President Muhammadu Buhari will unveil newly designed N1,000, N500 and N200 notes on Wednesday, November 23, 2022.

Emefiele announced this during the apex bank’s Monetary Policy Committee monthly meeting in Abuja.

According to him, the CBN won’t move it’s deadline for all old notes to be returned to commercial banks in exchange for newly designed ones.

The CBN MPC also hiked monetary policy to 16.5% from 15.5% while all other parameters remained unchanged.

Emefiele had on October 26, 2022 disclosed that the apex bank will issue redesigned N200, N500, and N1,000 notes, effective December 15, 2022, while the new and existing currencies will remain legal tender and circulate together until January 31, 2023.

However, he made a U-turn on Tuesday, saying the CBN won’t wait till December 15 anymore as the President will unveil the new notes on Wednesday.