Guarantee Trust Bank, GTB, has told its numerous customers with torn or mutilated Naira notes to take such to any of its branch in exchange for clean naira notes.

The deadline for such exchange is Monday, September 2, 2019.

The move is part of efforts to improve the overall quality of the Naira notes in circulation by the Central Bank of Nigeria (CBN), through the introduction of the Clean Note Policy and Banknotes Fitness Guidelines.

An e-mail message sent by the bank to its customers, with the caption, “Important CBN Notice on Naira Notes,” reads:

“As part of its efforts to improve the overall quality of the Naira notes in circulation, the Central Bank of Nigeria (CBN) has introduced the Clean Note Policy and Banknotes Fitness Guidelines.

“What does this mean for you?

“If you have in your possession, overused or mutilated Naira notes, you are required by the Central Bank of Nigeria (CBN) Clean Note Policy to deposit such notes at any branch near you on or before Monday, September 2, 2019.

“Please note that overused notes include any Naira note that is now weak to such an extent that it could easily tear at further handling or processing. Mutilated notes include any Naira note that has been partially or permanently damaged, but which clearly still has more than half of its original size together.

“As Nigerians, it is our patriotic and collective responsibility to handle the Naira with care, and as your Bank, we urge you to comply with this directive in order to improve the quality of our national currency. Thank you for banking with us.”

https://www.akelicious.net/guarantee-trust-bank-gtb-has-good-news-for-you/

Issoryt

Commendable initiative but why such a short deadline?

Why not use all these POS agents littered every where as points of exchange. How many people have the time to go queue in bank just because they want to exchange a few torn notes.