{"id":102430,"date":"2021-11-04T08:23:54","date_gmt":"2021-11-04T07:23:54","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=102430"},"modified":"2021-11-04T08:23:54","modified_gmt":"2021-11-04T07:23:54","slug":"nigerian-banks-to-stop-accepting-old-20-50-notes-dec-31","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/11\/04\/nigerian-banks-to-stop-accepting-old-20-50-notes-dec-31\/","title":{"rendered":"Nigerian banks to stop accepting old \u00a320, \u00a350 notes Dec 31"},"content":{"rendered":"<p>Deposit Money Banks in Nigeria have issued a deadline of December 31, 2021 for the acceptance of old \u00a320 and \u00a350 notes to enable proper conclusion of cash evacuation.<\/p>\n<p>One of the banks, Fidelity Bank Plc, disclosed this in an email to its customers on Wednesday titled \u2018Withdrawal of old 20 and 50 GBP notes from circulation\u2019.<\/p>\n<p>It said, \u201cThe Bank of England has announced the withdrawal of paper \u00a320 and \u00a350 notes after September 30, 2022. A year\u2019s notice has been provided to customers and the global banking community.<\/p>\n<p>\u201cIn view of this, Fidelity Bank, alongside other <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/11\/02\/nigerian-banks-closed-234-branches-649-atms-amid-covid-19-pandemic-says-imf\/\" target=\"_blank\" rel=\"noopener\">Deposit Money Banks in Nigeria<\/a>, has issued a deadline of December 31, 2021 for acceptance of the stated denominations from the public to enable proper conclusion of cash evacuation.<\/p>\n<p>\u201cThus, we advise you to use or deposit your paper GBP notes into your Fidelity Bank domiciliary account by December 31, 2021 to avoid a loss in the value of your money.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deposit Money Banks in Nigeria have issued a deadline of December 31, 2021 for the acceptance of old \u00a320 and \u00a350 notes to enable proper conclusion of cash evacuation. One of the banks, Fidelity Bank Plc, disclosed this in an email to its customers on Wednesday titled \u2018Withdrawal of old 20 and 50 GBP notes [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":102466,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[16587],"tags":[21544,21542,21541,21543],"class_list":["post-102430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-50-notes","tag-acceptance","tag-nigerian-banks","tag-old-20"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigerian banks to stop accepting old \u00a320, \u00a350 notes Dec 31<\/title>\n<meta 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