Cashless Policy: Buhari Extends Usage Of Old N200 Note By 60 Days

The President Muhammdu Buhari has approved old N200 note as legal tender till April 10.

The President disclosed this on Thursday morning during an address to Nigerians.

He also apologised to Nigerians over the difficulties experienced in accessing the scarce new naira notes.

Buhari said “To further ease the supply pressures particularly to our citizens, I have given approval to the CBN that the old N200 bank notes be released back into circulation and that it should also be allowed to circulate as legal tender with the new N200, N500, and N1000 banknotes for 60 days from February 10, 2023 to April 10 2023 when the old N200 notes ceases to be legal tender.”