CBN gov, Godwin Emefiele, has insisted that deadline for exchange of old Naira notes for the newly redesigned notes cannot be shifted from January 31,2023.
The CBN Governor, Godwin Emefiele announced this after the apex bank’s Monetary Policy Committee (MPC) meeting in Abuja on Tuesday.
The CBN also raised the Monetary Policy Rate (MPR), which measures interest rate, to 17.5 percent.
According to him, kidnapping and ransom-taking have reduced since the three banknotes were redesigned.
He also said the time given for the swap of the old naira notes with new ones were enough for Nigerians to go to commercial banks and get new notes.
