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We Didn’t Direct Banks To Disburse Old Notes – CBN



We Didn’t Direct Banks To Disburse Old Notes – CBN

The Central Bank of Nigeria (CBN) has said that it never issued a fresh directive to commercial banks to obey last Friday’s judgement of the Supreme Court ordering the circulation of the old naira notes alongside the new ones until December 31.

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There was confusion among commercial banks and business operators following the non-issuance of a directive by the CBN on receiving the old N500 and N1000 notes.

CBN spokesman, Isa Abdulmumin, who spoke to newsmen, said the apex has not issued an official statement.

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A senior management source also said;

“Both the old and new notes are legal tender, and banks are currently issuing them to customers. Nigerians should not reject any note, whether old or new.”

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