New naira note to be launched on Wednesday

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has announced that President Buhari will launch the new naira notes on November 23, 2022.

This is well ahead of the earlier scheduled date of December 15, 2022.

The Governor made this known in his briefing to the media at the monetary policy communique held on November 22, 2022.

Emefiele also insisted that there is no going back on the January 31 date of ensuring all old currencies lose their legal tender status.

Emefiele also said he is relying on their law to push this policy forward.

He also thanked the president for his support over the last seven and a half years and singled out the president’s support for the new naira policy which he has backed twice in comments to the media.

"We thank Mr. President for the support we have received from him for over 7 and half years.

"We thank security agencies for working with us for monitoring the flows. We thank the senate who besides the pressure is also given us support. We will not shift any deadline. It is in tandem with the law. We are no longer waiting till December 15th."

By November 23, President Buhari will unveil the new naira notes and the FEC chambers by 10 am tomorrow.

FI