The Central Bank of Nigeria (CBN) is planning on replacing its naira currency to reduce excess cash, inflation and crime. Although the currency could be in circulation as early as mid-December, Nigerians will have until the end of January to exchange the old bills, after which they will cease to be legal tender. Terrible News FOR 'Cash STACKERS' With the new turn of events, Emefiele said by January 31, 2023, the ongoing series of naira bills are supposed to be progressively gotten rid of. Thusly, he encouraged Nigerians to take old notes to banks to empower them to pull out the new banknotes once course starts. Emefiele expressed charges for cash stores are suspended with prompt impact to work with the gradually getting rid of the ongoing naira notes. The pinnacle bank coordinated store cash banks (DMBs) to guarantee cash returned/paid into their records pulled in zero charges. Talking on the turn of events, Temitope Omosuyi, speculation specialist, Afrinvest Protections Ltd,...
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