During today's Federal Executive Council meeting, President Muhammadu Buhari revealed the newly designed high-denomination bank notes.
The redesigned N200, N500, and N1,000 notes will be issued by the CBN starting on December 15, 2022, and the old and new currencies will continue to be accepted as legal currency and circulate concurrently until January 31, 2023, according to an announcement made on October 26.
President Buhari will unveil the new naira notes today (Wednesday) at the weekly meeting of the Federal Executive Council, according to Governor of the Central Bank Godwin Emefiele, who spoke to reporters at the conclusion of a two-day Monetary Policy Committee meeting yesterday. This is in contrast to the earlier date for the unveiling.
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