Breaking! Emefiele directs commercial banks to start dispensing, receiving old currency notes
By Adetokunbo Fakeye
Nigeria - The Central Bank of Nigeria, CBN, Governor, Dr. Godwin Emefiele on the night of Sunday 12 March, 2023 directed commercial banks to start dispensing old currency notes and to also receive same as deposit from customers.
Anambra State Governor Professor Charles Soludo revealed this in a statement personally issued by him Monday morning.
Soludo in the statement sighted by Prowling Eagles wrote, "Commercial banks have been directed by the Central Bank to dispense old currency notes and to also receive same as deposits from customers. Tellers at the commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.
"The Governor of the CBN gave the directive at a Bankers’ Committee meeting held on Sunday, 12th March, 2023. The Governor, Dr Godwin Emefiele, personally confirmed the above to me during a phone conversation on Sunday night. Residents of Anambra are therefore advised to freely accept and transact their businesses with the old currency notes (N200; N500; and N1,000) as well as the new notes".
The full statement below:
SPECIAL PUBLIC ANNOUNCEMENT
Commercial banks have been directed by the Central Bank to dispense old currency notes and to also receive same as deposits from customers. Tellers at the commercial banks are to generate the codes for deposits and there is no limit to the number of times an individual or company can make deposits.
The Governor of the CBN gave the directive at a Bankers’ Committee meeting held on Sunday, 12th March, 2023. The Governor, Dr Godwin Emefiele, personally confirmed the above to me during a phone conversation on Sunday night. Residents of Anambra are therefore advised to freely accept and transact their businesses with the old currency notes (N200; N500; and N1,000) as well as the new notes.
Residents should report any bank that refuses to accept deposits of the old notes. Anambra State Government will not only report such a bank to the CBN, but will also immediately shut down the defaulting branch.
Signed
C. C. Soludo CFR.
Governor, Anambra State.
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