By: Editor |1munite read
Emefiele has disclosed that CBN won’t wait till December anymore for the unveiling of the new notes.
The Governor of the Central Bank, Godwin Emefiele, has announced that President Muhammadu Buhari will unveil the new Naira notes tomorrow Wednesday, November 23 at the Federal executive Council (FEC) meeting at 10am prompt.
Emefiele confirmed this during the Central Bank’s Monetary Policy Committee monthly meeting in Abuja.
Recall that Emefiele had announced in October that the apex bank would issue redesigned N200, N500, and N1,000 notes, effective December 15, 2022,
However, he has disclosed that CBN won’t wait till December anymore for the unveiling of the new notes.
He said the deadline for returning the old Naira notes to commercial banks in exchange for newly designed ones would not be shifted.
The CBN MPC also hiked monetary policy to 16.5% from 15.5% while all other parameters remained unchanged.
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