Naira crisis: Emefiele meets bank executives on old N200 note

Following president Muhammadu Buhari’s order to allow the old N200 note to remain legal tender for 60 more, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has 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 ad-hoc Committee on Naira re-design/Cashless policy and currency swap, said he already met with 15 bank executives on how to ease the cash crisis.

He assured that the old N200 note will be made available with immediate effect, while appealing to Nigerians to allow the policy to work, saying it will go a long way to help 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.