We Did Not Authorise Commercial Banks to Collect Old Notes - CBN
(385 reads) See also ► Online Banks or Commercial banks: which ones favour businesses more? ► Banks to collect stamp duty on foreign transactions
- Jared
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The attention of the Central Bank of Nigeria has been drawn to some fake and unauthorized messages quoting the CBN as having authorized the Deposit Money Banks to collect the old N500 and N1,000 Banknotes.
For the avoidance of doubt, and in line with Mr. President’s broadcast of February 16, 2023, the CBN has been directed to ONLY reissue and recirculate the old N200 banknotes and this is expecte…
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