Newly redesigned Naira now in banks, ready for issuance – Emefiele

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The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the newly redesigned Naira notes are already in banks and ready for issuance.

According to multiple tweets on CBN’s official handle, Emefiele made the statement at Daura while on a visit to brief President Muhammadu Buhari on the Naira redesign and the recently reintroduced cashless policy.

“The newly redesigned N200, N500, and N1,000 banknotes are now in banks and ready for issuance to members of the public.

“The currency redesign and reintroduced cashless policies are not targeted at anybody but are for the good and development of the Nigerian economy.

” The CBN deferred the cashless policy severally to prepare and deepen Nigeria’s payments system infrastructure,” he said.

He said that the currency redesign and reintroduced cashless policies were not targeted at anybody but were for the good and development of the Nigerian economy.

The CBN governor urged Nigerians to embrace the various electronic channels available for banking and financial service transactions in Nigeria.