President Muhammadu Buhari has approved the continuous use of the old N200 Note till 10th April, 2023.
In a broadcast message on Thursday morning, the President said the grace period start from 10th February to 10th April.
He also directed the CBN to make the currency swap process for the N1000 and N500 old notes effective for the citizens.
Recall that the Supreme Court had adjourned the case filed before it by some state challenging the new naira policy till February 22nd.
There had been Reports of violence in 8 states yesterday over the ongoing scarcity of naira as well as fuel scarcity leading to 4 deaths.
However, the President’s directive today, has been described as overruling the supreme court.