CBN Engages 400 Agents for Currency Swap in Kogi Ibrahim Oyewale in Lokoja The Central Bank of Nigeria (CBN) yesterday disclosed that it licenced over 400 money agents to facilitate easy access
The Central Bank of Nigeria yesterday disclosed that it licenced over 400 money agents to facilitate easy access to the newly redesigned notes by the rural dwellers across the length and breadth of Kogi State.
He said: “People can also deposit their old notes into their accounts while those without bank accounts would be encouraged to open one at the point of the licenced agents. “This advocacy will continue until our people are financially included, he added. The benefits of this policy are enormous, as it will support the effective implementation of monetary policy that ensures price & financial system stability.”
He called for improvement in access to effective communication to the rural areas, which he said, was also one of the reasons the notes swapping exercise should be considered.
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