Banks start accepting naira old notesÂ

News Express |9th Mar 2023 | 2,376

Old 500 and 1000 naira notes

The banks in Abuja are gradually obeying the Supreme Court order to issue old N200, N500 and N1,000 notes.

Many banks in the city centre and satellite towns have started complying with the order.

Over the counter, the banks issued cash to their customers ranging from N5,000 to N20,000 depending on the bank.

While the banks are issuing the old notes across their counters, many Automated Teller Machines (ATMs) are not dispensing cash.

No bank was ready to give an explanation on the development.

Traders in Abuja have also started accepting the old notes for transactions. (Courtesy, excluding headline, The Nation)

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