IMF urges CBN to extend naira swap deadline as scarcity bites
In February 2023, the International Monetary Fund (IMF) urged the Central Bank of Nigeria (CBN) to extend the February 10 deadline for swapping old naira notes due to severe disruptions in trade and payments caused by a shortage of new notes. This recommendation accompanied widespread economic hardship and coincided with a Supreme Court ruling that temporarily halted the CBN's deadline. Read more in this article from BusinessDay . IMF urges CBN to extend naira swap deadline