CBN To Redesign N200, N500, N,1000 Notes

The Central Bank of Nigeria (CBN) on Wednesday said it will redesign the N200, N500, and N1,000 notes.

Emefiele made the disclosure at a special media briefing in Abuja, saying the move has since secured the approval of President Muhammadu Buhari and other stakeholders.

He urged depositors to hit the banks to exchange their old currencies for the new ones before the January 31, 2023 expiration date.

He said move was also to retrieve huge funds outside the banks.