Redesigned notes: Senate directs CBN to extend mop up by 6 months

Redesigned notes: Senate directs CBN to extend mop up by 6 months

DAILY POST

The Nigerian Senate, Tuesday urged the Central Bank of Nigeria, CBN to extend the mop-up of old Naira notes to 31st July 2023.

The upper legislative Chamber through an adopted resolution arrived at the new deadline after a thorough debate.

This was against the backdrop of the earlier resolution in December 2022 which the lawmakers said, was jettisoned by the Apex bank.

DAILY POST recalled that the denominations of N200, N500 and N1000 notes have been redesigned and were already in circulation.

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