News
IMF Advises CBN To Extend Feb 10 Deadline For Old Naira Notes
![](https://www.firstweeklymagazine.com/wp-content/uploads/2023/02/IMG-20230208-WA0175.jpg)
The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to extend the February 10 deadline for the use of old naira notes if the difficulties in getting new notes persist.
Ari Aisen, IMF’s resident representative for Nigeria, gave the advice in a statement on Wednesday.
The deadline for the validity of old naira notes was initially January 31, but it was later extended by 10 days, with February 10 as the new date.
Despite the extension, the new notes are scarce and Nigerians are also finding it hard to get the old ones.
These challenges have led to protests and demonstrations in some parts of the country.
“In light of hardships caused by disruptions to trade and payments due to the shortage of new bank notes available to the public, in spite of measures introduced by the CBN to mitigate the challenges in the banknote swap process, the IMF encourages the CBN to consider extending the deadline, should problems persist in the next few days leading up to the February 10, 2023 deadline,” the statement reads.
Meanwhile, the supreme court, on Wednesday, temporarily restrained the federal government from banning the use of the old naira notes from February 10.
-The cable
-
Society News4 years ago
Jamaican man beheads wife after finding out their 6 kids are not his
-
Society News6 years ago
EXCLUSIVE: The Complete Story of Dolapo Awosika, John Fashanu and Prophet Kasali Sex Mess
-
News4 years ago
Pastor Osagie Ize-Iyamu, His Membership Of Secret Cult, And Other Issues Touching On His Public Credentials Examined by Barr. PATRICK I. BIOSE
-
News4 years ago
BREAKING: Ajimobi’s daughter-in-law blast Gov. Makinde, says gov can’t surpass ex-Oyo gov
-
News4 years ago
BREAKING: 2 arrested as NAF begins investigations into Tolulope’s death
-
Crime5 years ago
Exclusive: Female Aide Fingered In Oko Oloyun’s Murder + Banking Transactions That Nailed Husband
-
News4 years ago
BREAKING: Police take over Edo House of Assembly as APC, Oshiomhole move to seize control
-
Society News5 years ago
The Rise and Fall of “Jumoke The Bread Seller”
Notice: Undefined variable: user_ID in /var/www/first2023/wp-content/themes/firstweekly/comments.php on line 48
You must be logged in to post a comment Login