President Muhamamdu Buhari has approved the continued use of the old N200 notes.
He stated this in a national broadcast Thursday morning.
According to the Nigerian leader, the old N200 notes will co-exist with the new N200 notes, the Nigerian leader said.
“To further ease the supply pressures particularly to our citizens, I have given approval to the CBN that the old N200 bank notes be released back into circulation and that it should also be allowed to circulate as legal tender with the new N200, N500, and N1000 banknotes for 60 days from February 10, 2023 to April 10 2023 when the old N200 notes ceases to be legal tender,” Buhari noted.
He, however, did not allow the continued use of the old N500 and N1,000 notes, only saying the CBN would continue to accept them.
The old N200 notes will remain valid for the next 60 days, Mr Buhari said.