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Experts raise concerns as Nigeria limits cash withdrawals

Por: ABC News Business December 11, 2022

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ABUJA, Nigeria -- Experts on Wednesday raised concerns over a new policy announced by the Central Bank of that heavily limits withdrawals of money in a push for a cashless economy.The monetary policy, which applies to ATMs, banks and cash back from purchases, follows the launch of the West African nation’s newly designed currency notes to control the money supply.The central bank limited weekly over-the-counter cash withdrawals to 100,000... + full article



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