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Nigeria: old bank notes to remain legal tender until end of the year
Nigeria's Supreme Court has ruled that old banknotes remain legal tender until the end of the year, bringing relief to millions affected by a chaotic redesign of the naira notes.
Nigeria's Supreme Court in a ruling Friday, said a presidential directive to discontinue the use of old naira notes following a redesign was illegal. The court said the old banknotes should continue to be legal tender, alongside new versions, until the end of this year.
Not enough of the new notes were released, leading to widespread anger and frustration.
Many people were unable to get cash to pay for food and slept outside banks.
(Picture: Young man Holding and Counting Nigeria 1000 Naira Note Currency Outdoor in Nigeria. Picture Credit: Getty Images)
Last on
Fri 3 Mar 2023
15:32GMT
主播大秀 World Service
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- Fri 3 Mar 2023 15:32GMT主播大秀 World Service