TheCable·3 min read·medium
Cardoso blames declining purchasing power, digital payment adoption for scarcity of N100, N200 notes
B
Busola Aro
✦AI Summary
Central Bank of Nigeria Governor Olayemi Cardoso attributed the scarcity of N100 and N200 notes to the rising adoption of digital payments and declining purchasing power. He emphasized that these denominations remain legal tender and are not being withdrawn from circulation.
The Central Bank of Nigeria (CBN) says lower-denomination naira notes are currently scarce due to growing adoption of digital payments and changing currency demand.
economybusiness
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