In accordance with the Central bank of Nigeria's plans to stack up naira notes from the economy as a measure for tightening and clubbing inflation, commercial banks have announced changes in operation. They sent a separate email to their customers and social media posts, the banks revealed that the decision is to help customers beat the deadline of January 31 set by the CBN too swap their old bills to a new ones . Read more:
The central bank governor , Godwin Emefiele, said the government has plan to redesign Naira notes denominations N200, N500 and N1000 would allow the bank to mop up N2.73 trillion out of the N3.23 trillion currency in circulation that is outside the vaults of commercial banks.
The race has been too rush and deposit every single Naira note too the bank or use the fundsbtoo purchase landed properties as that's the easiest way too soon
This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io
