Nigeria Extends Deadline for Returning Soon-to-Be Demonetized Naira Banknotes
After initially ignoring pleas to extend the period for returning old naira bank notes , the Nigerian central bank recently said it has shifted the deadline for returning old bank notes to Feb. 10. The bank’s governor, Godwin Emefiele, said some 30,000 so-called super agents have been deployed nationwide to help with the cash-swapping process. CBN Governor Says Currency Swapping Exercise Has Been a Success The Central Bank of Nigeria (CBN) recently said it had extended the deadline for returning the old naira bank notes by ten more days. In his Jan. 29 press statement, CBN governor Godwin Emefiele said while the exercise has been a success, shifting the deadline date from Jan. 31 to Feb. 10 helps the bank achieve success in rural communities. The announcement follows weeks of pleas by residents who wanted to be granted more time to return the soon-to-be demonetized naira bank notes . The announcement of the extension also came just a few days after a Bitcoin.com News report s...