Nigerians kick on Central bank cashless policy

Nigerians react to decision of the country’s regulatory body on monetary issues the Central Bank of Nigeria.

The policy was on cash withdrawal from 500,000 Nigerian naira for individuals and 3,000,000 Naira for corporate bodies to attract charges .

The idea behind the Central Bank of Nigeria policy is to reduce enormous crowd at banks as well as promoting electronic based transactions for goods and services .

The policy aims at reducing the amount of physical cash in circulation while transactions are still being made .

Author: uco.red

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