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Central Bank of Nigeria is set to roll out redesigned 200 500 and 1000 naira notes by December 15th yes the Apex Bank says the old currencies for the denominations will cease to be used as legal tender from January 31st 2023. Lara falayo has the report 3.2 trillionaire is currently in circulation in Nigeria but 2.7 trillion representing 85 percent of the total amount is outside the banking systems votes this is one major reason why the Central Bank of Nigeria is now announcing its planned introduction of redesigned 200 500 and 1000 naira notes by December 15th this year the old currencies for the affected denominations will cease to exist as legal tender from the 31st of January next year the management of the CBN has sought and obtained the approval of president muhammadu buhari to redesign produce release and circulate this new series of banknotes at 200 naira 500 naira and one thousand naira levels in line which is with this approval we have finalized arrangements for the new curr