CBN, This Is Not Common Sense News
Moreover, hoarding disrupts the smooth functioning of the economy and undermines the efforts of the CBN to promote financial stability. By limiting the circulation of the new banknotes, hoarders are hindering the ability of businesses to operate efficiently and forcing the general public to resort to alternative means of exchange, such as digital transactions or older banknotes.
In rural areas, the situation is worse. There are no banks in most of the rural areas and most of them are farmers and business people and are unbanked. Why must Nigerians pass through hell anytime a new policy is introduced? The same thing happened with the NIN linkage to phone numbers.
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