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The Central Bank of Nigeria on Thursday debunked rumours of naira scarcity in the country, amid reports that there is no sufficient cash circulation in some commercial banks nationwide.CBN in a statement by its spokesman, Isa AbdulMumin, blamed some customers for panic withdrawal using the Automated Teller Machines .
The apex bank also urged Nigerians to “guard against panic withdrawals,” assuring that “there is sufficient stock to facilitate economic activities.”CBN also advised the citizens to embrace alternative modes of payment, which it noted would reduce pressure on using physical cash.
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