Hours after President Muhammadu Buhari was informed of the government’s decision to allow the old N200 note to remain legal tender for 60 more days, Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele met with operators of commercial banks, instructing them to start implementation of the presidential instruction.
Emefiele, who was at the presidential villa on Thursday afternoon for a meeting with Buhari and some other stakeholders, including an ad hoc House of Representatives committee on naira re-design, cashless policies, and currency swaps, said he already met with 15 bank executives on how to ease the cash crisis.
He assured that the old N200 note would be made available with immediate effect.
He appealed to Nigerians to allow the policy to work, saying it will go a long way toward helping the nation’s economy.
The CBN Governor assured that the CBN will continue to do everything possible to ease the suffering experienced by Nigerians due to the cash crunch.
