Is THE NEW NAIRA NOTE OUT?
‘is the new naira note out? Well at the time of writing this post, i will say yes at some point, because of the CBN withdrawal limits policy, for now some banks,daily withdrawal limits, may not exceed N100,000, this is to allow an even distribution and circulation, according to financial insider, the roll out is a gradual process and might increase with time (withdrawal limits)
Just recently United Bank For Africa (UBA plc) announced that the new redesigned naira notes are now available on all UBA ATMs Nationwide, and Uba atm withdrawal limit, on a daily is N100,000, and that is the maximum for now.
You may also want to, know about what will happen to the old, notes, well it was, gathered that the old notes will be faced out and will no longer be a legal tender after the 31st of January 2023, so i think people with large amounts of cash should adhere to register it, in the various banks before the time, Nigerians like to act at the last hour, if you ask me “ha ha!! 😂, and the new notes are in N1000, N500, N200 denominations, finally, you can come back to check my next post, on the redesigned naira notes, how to spot fake notes and so on until then, stay focused.
References: CBN, UBA plc.