Devastating.
“The CBN said it redesigned the higher denomination notes - 200, 500 and 1,000 naira - to replace the dirty cash in circulation, tackle inflation, curb counterfeiting and promote a cashless society.
Nigerians were told last October about the change and were encouraged to deposit any cash savings in the bank.
But not enough of the new notes have been released in a country where cash is still widely used. An estimated 40% of the population do not have access to bank accounts.”
—BBC
relativelyirrelevant / Relatively Irrelevant
npub1a4…fpm2d
2023-02-16 18:54:32
in reply to nevent1q…lq7h
Author Public Key
npub1a4zcswp3jqcuzu2fgny3hsl4n3td5rnhj2tmyf2pepn7vvh5lnsscfpm2dPublished at
2023-02-16 18:54:32Event JSON
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"created_at": 1676570072,
"kind": 1,
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"content": "Devastating. \n\n“The CBN said it redesigned the higher denomination notes - 200, 500 and 1,000 naira - to replace the dirty cash in circulation, tackle inflation, curb counterfeiting and promote a cashless society.\nNigerians were told last October about the change and were encouraged to deposit any cash savings in the bank.\nBut not enough of the new notes have been released in a country where cash is still widely used. An estimated 40% of the population do not have access to bank accounts.”\n\n—BBC",
"sig": "6e931d66c1764966abcb937767e61780e83c8f76c0754b1b19e8872b789aa5940cd4e1c54bf8aa98bbba4eab15115c347bb4e62c976998fd639a915906a9a715"
}