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CBN Ready To Release More Redesigned Notes

To make the redesigned notes more available to Nigerians, the Central Bank of Nigeria (CBN) has urged banks across the country to approach it for more cash.
A Director of apex bank/Managing Director NIRSAL microfinance bank Dr. Abdullahi Abubakar Kure made the appeal in Abuja while addressing traders at Garki old market in continuation of CBN’s sensitisation of Nigerians on new naira notes and cashless policy.

After listening to the traders’ complaints on the unavailability of the redesigned notes, Kure insisted: “we have enough stock of new notes and we have asked banks to come and pick and load them into their ATMs”.

He stressed “the CBN will take action against banks that collected new notes but refused to load them into their ATMs”.

Kure admonished the traders to make haste to deposit their old notes as he cannot guarantee that there will be an extension of the deadline for the old notes to cease to be legal tenders.

After the CBN’s stumping of markets, places of worship, traditional institutions and banks to gauge the mood of the people towards the new policy, one recurring request from traditional rulers and market operators is for an extension to be granted for the deposit of old Naira notes.

A market leader who spoke in Yoruba, urged the CBN to quickly make the new notes available or grant an extension.

All the traders who spoke in the three major languages, Hausa, Igbo and Yoruba expressed frustration at depositing old notes and still receiving same old notes across bank counters or from ATMs.

At the Palace of the Ona of Abaji, the traditional ruler, Dr. Adamu Baba Yunusa appealed “for the extension of time in order to give room for more awareness most especially for those in the rural areas”.

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