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CBN extends deadline for old Naira banknotes

The Central Bank of Nigeria (CBN), on Tuesday announced that the use of the old N200, N500 and N1,000 banknotes would be extended indefinitely. 
The CBN in a statement said the decision to extend the deadline for the denominations was made “in line with international best practices and to forestall a repeat of earlier experiences.”
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The apex bank added that it is collaborating with the relevant authorities to to endure that a subsisting court ruling on the same subject is vacated.