CBN ready to release more redesigned notes

• Published date: 20 January 2023
• Publication title: Nigeria - The Nation

To make the redesigned notes more available to Nigerians, the Central Bank of Nigeria (CBN) has urged banks across the country to approach it for more cash.

A Director of apex bank/Managing Director NIRSAL microfinance bank Dr. Abdullahi Abubakar Kure made the appeal in Abuja while addressing traders at Garki old market in continuation of CBN's sensitisation of Nigerians on new naira notes and cashless policy.

After listening to the traders' complaints on the unavailability of the redesigned notes, Kure insisted: 'we have enough stock of new notes and we have asked banks to come and pick and load them into their ATMs'.

He stressed 'the CBN will take action against banks that collected new notes but refused to load them into their ATMs'.

Kure admonished the traders to make haste to deposit their old notes as he cannot guarantee that there will be an extension of the deadline for the old notes to cease to be legal tenders.

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He urged Old Garki market traders and other business operators to embrace various cashless channels...