Commercial Banks Can Dispense & Receive Old Currency Notes As Deposits – Soludo

Soludo said, “The Governor of the CBN gave the directive at a Bankers’ Committee meeting held on Sunday, 12th March, 2023. The Governor, Dr Godwin Emefiele, personally confirmed the above to me during a phone conversation on Sunday night.  Residents of Anambra are therefore, advised to freely accept and transact their businesses with the old currency notes (N200; N500; and N1,000) as well as the new notes”.

“Residents should report any bank that refuses to accept deposits of the old notes. Anambra State Government will not only report such a bank to the CBN, but will also immediately shut down the defaulting branch.”