President Muhammadu Buhari is to formally unveil the new naira notes on Wednesday.
The Central Bank of Nigeria had on October 26 announced its plan to redesign 200, 500 and 1000 naira notes.
It gave December 15, 2022 as the date to start circulating the new notes.
Actual News learnt that the unveiling of the new notes will precede the weekly cabinet meeting at the State House in Abuja.
The Central Bank said it would redesign naira notes to have control of the amount of currency in circulation, and to enable it manage inflation and tackle counterfeiting.
Responding to concerns about Nigerians in the rural areas especially as the timeframe for submission of the old note is short, the bank said it has made provision for easy exchange.
The bank said it is working with relevant agencies in the financial system in its execution, particularly in ensuring that vulnerable citizens are not at disadvantage.
