The Central Bank of Nigeria has announced that there is no deadline on the circulation of old N200, N500 and N1000 bank notes. This observation was highlighted in the IMF’s global financial stability report, unveiled during a press briefing in Washington DC. The IMF noted that the CBN’s actions, particularly the settlement of verified FX obligations, have contributed to stabilizing the naira. On March 20, the CBN announced it had successfully cleared all verified FX obligations, though an unverified amount of $2.4 billion remains under investigation. The IMF praised these…
Read MoreNo Deadline On Circulation Of Old N200, N500, N1000 Notes – CBN
