2023-01-21 | BSD/DIR/PUB/LAB/15/022

Naira Redesign Policy: CBN Launches Cash Swap Programme in Rural/Underserved Areas

The Central Bank of Nigeria is implementing a cash swap program in rural and underserved areas as part of its Naira Redesign policy. The program, in partnership with Super Agents and DMBs, allows citizens to exchange old Naira notes for redesigned notes or lower denominations. The initiative aims to maximize channels for exchanging Naira and promote financial inclusion by offering wallet or account opening services to those without bank accounts.

Nigeria

Central Bank of Nigeria

Show thumbnail