How to submit Old naira note to CBN Portal

The Central bank of Nigeria  has  lunch the new portal called CBN Currency Redesign – Cash Return Portal for every Nigeria Citizen to return Old naira note.

  • Must provide your BVN
  • Must provide your Account Number
  • Valid phone number
  • Application Deadline: 3 Days from the date of publication.

Do you want to return your old Naira note to CBN? If Yes, follow the guideline below. Check Money Transfer Code For All banks

A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary.


  • Eight major functions of central bank in an economy are as follows:
  • (1) Bank of Issue,
  • (2) Banker, Agent and Advisor to Government,
  • (3) Custodian of Cash Reserves,
  • (4) Custodian of Foreign Balances,
  • (5) Lender of Last Resort,
  • (6) Clearing House,
  • (7) Controller of Credit, and.
The Fed has traditionally used three tools to conduct monetary policy: reserve requirements, the discount rate, and open market operations.

How to submit Old naira to CBN Portal

Go to CBN website:

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