Economic and commercial activities in Awka, the capital town of Anambra, have slowed down due to the insufficient quantity of the newly-designed N1,000, N500 and N200 in circulation.
The News Agency of Nigeria reports that customers are trooping to their banks to deposit their old currency notes to beat the Jan. 31 deadline for phasing them out.
“I have not been paid with the new note, they have been disbursing the old notes up to last Wednesday as if the deadline is a joke. Agatha said that was responsible for the resurgence of N100, N50 which used to be scarce but regretted that customers could not draw much of them because of the bulkiness and security risk involved.
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