GOVERANCE

Just In: Emefiele, Bank Chiefs Meet On Old N200 Note Re-circulation

 

 

Hours after President Muhammadu Buhari informed of government’s decision to allow the old N200 note remain legal tender for 60 more days, Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, has met with operators of commercial banks, instructing them to start implementation of the presidential instruction.

Emefiele, who was at the presidential villa on Thursday afternoon for a meeting with Buhari and some other stakeholders, including an ad-hoc House of Representatives ad-hoc Committee on Naira re-design/Cashless policy and currency swap, said he already met with 15 bank executives on how to ease the cash crisis.

He assured that the old N200 note will be made available with immediate effect.

Emefiele appealed to Nigerians to allow the policy to work, saying it will go a long way to help the nation’s economy.

The CBN Governor assured that the CBN will continue to do everything possible to ease the suffering experienced by Nigerians due to the cash crunch.

 

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