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| Godwin Emefiele. |
The Central Bank of Nigeria (CBN) has just said that its January 31, 2023 deadline for the validity of the old N200, N500 and N1,000 notes remains.
The
Governor of the apex bank, CBN, Godwin Emefiele announced this after the bank’s
Monetary Policy Committee (MPC) meeting in Abuja on Tuesday.
The
CBN also raised the Monetary Policy Rate (MPR), which measures interest rate,
to 17.5 percent.
According
to him, kidnapping and ransom-taking have reduced since the three banknotes
were redesigned.
He
also said the time given for the swap of the old naira notes with new ones were
enough for Nigerians to go to commercial banks and get new notes.
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