President Muhammadu Buhari has ordered the Central Bank of Nigeria (CBN) to recirculate the old N200 note, which will remain legal tender with the newly redesigned N200, N500 and N1,000 notes until April 10, 2023.
The President disclosed this in a Nationwide broadcast to Nigerians on Thursday morning in reaction to the escalating cash scarcity as a result of the redesigning of the N200, N500 and N1,000 notes, and the nationwide uproar which attended the development.
President Buhari assured that the CBN would continue to ensure that the new notes are released into the system for access, as his administration continues to monitor the success of the policy to ensure Nigerians are not suffering unnecessarily.
