banknotes

Sudan introduces new banknotes to boost economy

The Sudanese government has introduced new banknotes and mandated the largely unbanked population to open bank accounts as part of a strategy to stabilize its struggling economy. Launched in December, the initiative is designed to nullify funds looted by the…

Old Naira banknotes remain legal tender —CBN

By Sodiq Adelakun The Central Bank of Nigeria (CBN) has decided to indefinitely extend the validity of the old N200, N500, and N1,000 banknotes. The CBN had previously introduced redesigned N200, N500, and N1,000 denominations in October 2022, with specific…