President Muhammadu Buhari, has extended the validity of the old ₦200 notes till April 10, 2023. The president announced this in a national broadcast on Thursday, 16th February, 2023.
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In his speech, he said,
I am addressing you as your democratically elected president to sympathise with you over the hardship being experienced as a result of the naira redesign policy.
To further ease the supply pressures particularly to our citizens, i have given approval to the CBN that the old ₦200 bank notes be released back into circulation and that it should also be allowed to circulate as a legal tender with the new ₦200, ₦500 and ₦1000 bank notes for 60 days from February 10, 2023 to April 10, 2023 when the old ₦200 notes ceases to be a legal tender.
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