Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), met with operators of commercial banks and gave them instructions to begin carrying out President Muhammadu Buhari's order to enable the old N200 note to continue being legal tender for 60 more days.
Emefiele, who was at the presidential villa on Thursday afternoon for a meeting with Buhari and some other stakeholders, such as an ad hoc House of Representatives committee on Naira re-design/Cashless policy and currency swap, claimed to have already spoken with 15 bank executives about how to address the cash crisis.
He promised that the old N200 note will be accessible right away.
He urged citizens of Nigeria to allowing the strategy to operate on the grounds that it will significantly boost the country's economy.
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