{"id":229841,"date":"2022-11-21T08:17:21","date_gmt":"2022-11-21T07:17:21","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=229841"},"modified":"2022-11-21T08:17:21","modified_gmt":"2022-11-21T07:17:21","slug":"naira-redesign-cbn-launches-countdown-clock-on-its-website","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/11\/21\/naira-redesign-cbn-launches-countdown-clock-on-its-website\/","title":{"rendered":"Naira redesign: CBN launches countdown clock on its website"},"content":{"rendered":"<p>The Central Bank of Nigeria (CBN) has set a countdown clock on its website showing the deadline for three banknotes in circulation.<\/p>\n<p>Recall that the apex bank had announced plans to\u00a0<span data-preserver-spaces=\"true\">redesign, produce, release and circulate a new series of three banknotes out of the existing eight banknotes.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The redesigned notes would include N200, N500 and N1000.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On the new notes, Godwin Emefiele, CBN governor, had explained that the decision was due to persisting concerns with the management of the current series of banknotes and currency in circulation \u2014 particularly those outside the banking system.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/10\/26\/why-cbn-is-redesigning-naira-notes-emefiele\/\">Emefiele<\/a>, one of these challenges primarily include significant hoarding of banknotes by members of the public, with statistics showing that over 80 percent of the currency in circulation is outside the vaults of commercial banks.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Despite the decision, some experts believ<\/span><span data-preserver-spaces=\"true\">e it would negatively affect the <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/11\/19\/i-have-taken-osun-economy-out-of-the-wood-oyetola\/\">economy<\/a>.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Last week, CBN instructed commercial banks to work Saturdays to enable customers to return existing naira notes.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria (CBN) has set a countdown clock on its website showing the deadline for three banknotes in circulation. Recall that the apex bank had announced plans to\u00a0redesign, produce, release and circulate a new series of three banknotes out of the existing eight banknotes. The redesigned notes would include N200, N500 and [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":229861,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[16587],"tags":[1172,50888,3108,49215],"class_list":["post-229841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-central-bank-of-nigeria","tag-countdown-of-new-naira-notes","tag-godwin-emefiele","tag-naira-redesign"],"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>Naira redesign: CBN launches countdown clock on its website<\/title>\n<meta name=\"description\" content=\"The Central Bank of Nigeria (CBN) has set a countdown clock on its website showing the deadline for three banknotes in circulation\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/11\/21\/naira-redesign-cbn-launches-countdown-clock-on-its-website\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira redesign: CBN launches countdown clock on its website\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Nigeria (CBN) has set a countdown clock on its website showing the deadline for three banknotes in circulation. 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