The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday, urged Nigerians to comply with the directive of President Muhammadu Buhari to ensure the successful implementation of the currency redesign policy.
The CBN governor also said the bank has directed all commercial banks to make all old N200 notes readily available to Nigerians.
Speaking to state house correspondents after a meeting with the president and the House of Representatives ad hoc committee on new naira redesign and naira swap policy, Mr Emefiele disclosed that he had met with about 15 bank heads.
The new directive is expected to increase the circulation of the N200 note and ease business transactions in Nigeria’s cash-based economy.
Earlier on Thursday, as part of measures to ease the hardship being faced by Nigerians due to the cash crunch, President Muhammadu Buhari approved the continued usage of the old N200 notes.
“To further ease the supply pressures, particularly to our citizens,…
