{"id":349122,"date":"2024-12-13T22:41:42","date_gmt":"2024-12-13T21:41:42","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=349122"},"modified":"2024-12-13T22:41:42","modified_gmt":"2024-12-13T21:41:42","slug":"old-new-naira-notes-remain-legal-tender-cbn","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/12\/13\/old-new-naira-notes-remain-legal-tender-cbn\/","title":{"rendered":"Old, new naira notes remain legal tender \u2013 CBN"},"content":{"rendered":"<ul>\n<li><strong><strong>Encouraged the general public to embrace alternative modes of payment, such as e-channels<\/strong><\/strong><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p>The Central Bank of Nigeria (CBN) says all denominations of Naira banknotes currently in circulation remain indefinitely valid as legal tender and cannot expire or be phased out.<\/p>\n<p>A statement on Friday by CBN\u2019s Acting Director, Corporate Communications, Mrs Sidi Ali Hakama, said all banknotes, including the old and new designs of N1,000, N500, and N200, were valid.<\/p>\n<p>Hakama urged the public to disregard misinformation regarding the validity of the old notes.<\/p>\n<p>\u201cIn line with the bank\u2019s previous clarifications and to offer further assurance, the <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/12\/11\/cbn-reacts-to-purported-sales-of-fx-to-bdcs-at-n1300-per-dollar\/\" target=\"_blank\" rel=\"noopener\">CBN<\/a> wishes to reiterate that the subsisting Supreme Court ruling granted on November 29, 2023, permits the concurrent circulation of all versions of the N1,000, N500, and N200 denominations of the Naira indefinitely.<\/p>\n<p>\u201cFor the avoidance of doubt, all versions of the Naira, including the old and new designs of N1000, N500, and 4200 denominations, as well as the commemorative and previous designs of the 100 denomination, remain valid and continue to be legal tender without any deadline.<\/p>\n<p>\u201cWe, therefore, advise the public to disregard any claims that the old series of the aforementioned banknotes will cease to be legal tender on December 31, 2024.<\/p>\n<p>\u201cWe urge Nigerians to continue accepting all Naira banknotes (both old and redesigned) for their daily transactions and to handle them with care to ensure their longevity,\u201d she said.<\/p>\n<p>The director encouraged the general public to embrace alternative modes of payment, such as e-channels, to reduce pressure on using physical cash.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Encouraged the general public to embrace alternative modes of payment, such as e-channels The Central Bank of Nigeria (CBN) says all denominations of Naira banknotes currently in circulation remain indefinitely valid as legal tender and cannot expire or be phased out. A statement on Friday by CBN\u2019s Acting Director, Corporate Communications, Mrs Sidi Ali Hakama, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":253615,"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":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","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":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","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 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