The newly redesigned Naira notes were revealed by President Muhammadu Buhari this morning. Nigerians had expected the new Naira notes to be significantly different from the old ones as expected by Nigerians.
The redesigned 200, 500, 1,000 naira notes. pic.twitter.com/2cXf2lBBZ5
— Bashir Ahmad (@BashirAhmaad) November 23, 2022
The Senior Special Assistant to the President on media, Bashir Ahmad tweeted the new notes.
In case you are not aware
The redesigned N200, N500, and N1,000 notes will be issued by the CBN starting on December 15, 2022, and the old and new currencies will continue to be accepted as legal currency and circulate concurrently until January 31, 2023, according to an announcement made on October 26.
President Buhari will unveil the new naira notes today (Wednesday) at the weekly meeting of the Federal Executive Council, according to Central Bank Governor Godwin Emefiele, who spoke to reporters at the conclusion of a two-day Monetary Policy Committee meeting yesterday. This is in contrast to the earlier date for the unveiling.
Emefiele claimed that MPC decided to mildly tighten rates in order to prevent the benefits of the previous tightening from being undone by listening to the market or holding rates steady.