Naira Redesign: CBN Launches Countdown Clock For Implementation

The Central Bank of Nigeria, CBN, has inaugurated a countdown clock on its website for the January 31, 2023, deadline for the N200, N500, and N1,000 notes currently in circulation.

DAILY POST learnt this on Monday when it visited the apex banks’ website.

Recall that the CBN governor, Godwin Emefiele on 26th October had announced a Naira redesign policy to produce new notes for three of the naira denominations in circulation: N200, N500, and N1,000 notes.

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Though the CBN’s naira redesign announcement has received both kudos and knocks, the CBN insisted on proceeding with its implementation to sanitize the country’s economy.