Connect with us

NEWS

Naira Redesign: We Have Received N165bn Deposits So Far – CBN

Published

on

Following the call on Nigerians to deposit all old notes still with them, the Central Bank of Nigeria (CBN) has said it has so far received a total of N165 billion.

This was revealed by the CBN’s Director of Currency Mr Rasheed Adams, at a post briefing of the Monetary Policy Committee (MPC) meeting in Abuja on Wednesday.

According to him, the figure is far beyond the total receipts it expects, one month after the announcement was made.

Mr Rasheed noted that no extension will given beyond the January 23rd, 2023 deadline.

He said in spite of some waivers by the apex bank on deposits, just a few Nigerians have come forwarf with their old notes.

The Central Bank of Nigeria also noted that a total of N2.7 trillion is currently outside the banking system.