CBN Bans Over-The-Counter Withdrawal of New Naira Notes

CBN Bans Over-The-Counter Withdrawal of New Naira Notes

The Central Bank of Nigeria (CBN) has banned Deposit Money Banks from paying customers making over-the-counter withdrawals of new naira notes. A report monitored in the Punch said that instead of paying the new notes over-the-counter, CBN directed the banks to load their Automated Teller Machines with only new notes to ensure that the currency circulates […]

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