From Victor Osula, Abuja
Following President Muhammadu Buhari Thursday directive during his nationwide broadcast that the Central Bank of Nigeria should cushion the ravaging cash crunch by recycling N200 notes into the banking system the, CBN, Godwin Emefiele has met with 15 heads of commercial banks to give effect to the presidential directive.
Emefiele disclosed this new, favourable turn of event while speaking with State House Correspondents shortly after attending a meeting between President Buhari and the House of Representatives Adhoc committee on new naira redesign and naira swap policy at the Presidential Villa, Abuja.
President Buhari in his national broadcast to the nation stated that the old 200 Naira notes would coexist with the new 200 Naira notes for 60 days beginning from February 10 to April 10, 2023.
Emefiele said he assured the deposit money banks that the old N200 notes would be made available starting with immediate.
Emefiele appealed to Nigerians to allow the policy to work, saying it would go a long way to help the nation’s economy.
The CBN Governor said that that the Apex bank would continue to do everything possible to ease the sufferings being experienced by Nigerians due to the cash crunch.
