Presidential Directive On N200 Notes Stands, CBN Insists… 

Written by on February 21, 2023

The Central Bank of Nigeria (CBN) on Tuesday said President Muhammadu Buhari’s directive on the N200 notes still stands.

Buhari in his nationwide broadcast on February 16 directed the apex bank to only reissue and re-circulate the old N200 banknotes. The old N200 is expected to circulate as legal tender for 60 days up to April 10.

In a statement, the CBN dismissed some media reports that the President approved the reissuance and release of the old N500 and N1000 notes as legal tender in the country.

It described the reports as fake news, pledging to work with security agencies to unravel the perpetrators of the misleading reports.

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