Banks begin recirculation of old N500, N1000

Commercial banks in Abeokuta, Ogun state capital on Monday commenced the re-circulation of the old N500 and N1000 notes.

ValidView Network observed that some of the deposit money banks have started loading their ATM machines with the old naira notes.

One of the bank manager of the banks in the Oke-ilewo area of Abeokuta while addressing customers said the development follows directive from the Central Bank of Nigeria.

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Recalled that the Supreme court had last Friday extended the valid of the old N500 and N1000 notes to December 31.