Alert: Central Bank of Nigeria Circular COD/DIR/INT/CIR/001/002
Title: The Rejection of Old/Lower Denomination of United States Dollar by DMBs/FOREX Dealers
Summary: Financial institutions are required to accept both old series and lower denominations of United States Dollars (USD) as legal tender for deposit from customers. Failure to comply may result in sanctions. Additionally, authorized forex dealers are advised to avoid defacing or stamping US Dollar banknotes as it affects their authenticity.
Posted on: Tuesday, April 20, 2021
Download: COD/DIR/INT/CIR/001/002