CBN has denied authorizing the old naira notes #1000 ,#500
This rumour going around saying that CBN has authorised the use of #1000 naira and #500 naira note. The CBN has clarified with the public that they have no intention of taking back their word,when they said that 1000 naira notes and 500 naira note has become an illegal note to be used in the country. Unfortunately in some rural area,these notes are still in use.The worst of it all is that this 1000 and 500 naira note are still in circulation. No matter what the government have said about,it is still circulating every time but the CBN has denied the allegation of taking back their word. Few days ago,Mr president Muhammadu Buhari clearly stated the need for the use of #200, there by making the public at ease after the whole money tussle going on these few weeks. The president showed a sincere compassion towards it's citizen.