Old and New Notes: The Endless Naira Scarcity

adminApril 7, 20231 min

Exactly 10 days after the Supreme Court mandated the use of old N1000 and N500 notes as legal tender till December 31, 2023, the CBN Governor, Godwin Emefiele, gave in to pressure and formally ordered commercial banks to comply with the court’s verdict.

Likewise, he declared that until the end of the year, the old N200, N500, and N1,000 would be accepted as legal tender. The question now is, how have you been coping with the naira scarcity and when do you predict this issue will be over? Let us know in the comment section.

Leave a Reply

Your email address will not be published. Required fields are marked *

pr logo footer

Parliament Reports is a media platform that provides legislative intelligence, policy analysis, data analytics, and dedicated reportage of Nigeria's national and state assemblies. Parliament Reports is owned by OrderPaper Nigeria

Join our Community

Subscription Form

(c) All rights reserved.

Join our WhatsApp Channel

X

Please email us - contents@orderpaper.ng - if you need this content for legitimate research purposes. Please check our privacy policy