Old and New Notes: The Endless Naira Scarcity

adminApril 7, 20231 min

Exactly 10 days after the Supreme Court mandated the use of old N1000 and N500 notes as legal tender till December 31, 2023, the CBN Governor, Godwin Emefiele, gave in to pressure and formally ordered commercial banks to comply with the court’s verdict.

Likewise, he declared that until the end of the year, the old N200, N500, and N1,000 would be accepted as legal tender. The question now is, how have you been coping with the naira scarcity and when do you predict this issue will be over? Let us know in the comment section.

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