CBN News on Old Naira Notes : The Central Bank of Nigeria (CBN) has been making headlines recently with their news and updates on old naira notes. In a bid to combat counterfeiting and promote financial stability, the CBN has set a deadline for the collection of old naira notes and launched a portal to make it easier for Nigerians to deposit their old notes. In this article, we will be discussing the latest CBN news on old naira notes, the deadline for the collection of old notes, the portal to deposit old notes, and answering some frequently asked questions.
CBN News on Old Naira Notes :
The Central Bank of Nigeria (CBN) has been making headlines recently with their news and updates on old naira notes. The CBN has announced that they will be phasing out old naira notes and replacing them with new ones. This move is in a bid to combat counterfeiting and promote financial stability in the country.
CBN Latest News on Old Naira Notes :
The CBN has set a deadline for the collection of old naira notes, and it is fast approaching. Nigerians have been urged to exchange their old notes for new ones before the deadline in order to avoid losing their money. The CBN has also launched a portal to make it easier for Nigerians to deposit their old naira notes.
CBN Old Naira Notes Deadline :
The deadline for the collection of old naira notes is set for the end of March 2023. After this date, old naira notes will no longer be accepted as legal tender in the country. This means that anyone still holding old naira notes after the deadline will not be able to use them to make purchases or transactions.
Cbn Deadline for Old Naira Notes :
The CBN has urged Nigerians to deposit their old naira notes before the deadline in order to avoid losing their money. The deadline for the collection of old naira notes is fast approaching, and the CBN has warned that they will not be extending the deadline. Nigerians are advised to take advantage of the portal set up by the CBN to deposit their old notes.
CBN Portal to Deposit Old Naira Notes :
The CBN has launched a portal to make it easier for Nigerians to deposit their old naira notes. The portal allows Nigerians to upload pictures of their old notes and receive credit in their bank accounts. This move is in a bid to make it easier for Nigerians to deposit their old notes and avoid losing their money after the deadline.
Frequently Asked Questions (FAQ’s) :
Q1. What is the deadline for the collection of old naira notes?
A: The deadline is set for the end of March 2023.
Q2. What happens if I still have old naira notes after the deadline?
A: After the deadline, old naira notes will no longer be accepted as legal tender in the country.
Q3. Is there a portal to deposit old naira notes?
A: Yes, the CBN has launched a portal to make it easier for Nigerians to deposit their old naira notes.
Q4. What is the reason for phasing out old naira notes?
A: The move is in a bid to combat counterfeiting and promote financial stability in the country.
Q5. Will the deadline for the collection of old naira notes be extended?
A: The CBN has warned that they will not be extending the deadline
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