Outdated N200, N500, and N1,000 Financial institution Notes Stay Authorized Tender – CBN

Old Naira Notes
Outdated Naira Notes


FIRS

In compliance with the established custom of obedience to court docket orders and sustenance of the Rule of Legislation Precept that characterised the federal government of President Muhammadu Buhari, and by extension, the operations of the Central Financial institution of Nigeria (CBN), as a regulator, Deposit Cash Banks working in Nigeria have been directed to adjust to the Supreme Court docket judgement of March 3, 2023.

Accordingly, the CBN met with the Bankers’ Committee and has directed that the previous N200, N500 and N1000 banknotes stay authorized tender alongside the redesigned banknotes until December 31, 2023.


Consequently, all involved are directed to adapt accordingly.

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