Kaduna residents have expressed worries and disappointment over the scarcity of new naira notes, with many saying the public ought to be familiar with the
DAILY POST recalls that the Central Bank of Nigeria, CBN, introduced the redesigned banknotes on December 15, 2022, as part of measures to control inflation, mop up currency outside the banking system, fight corruption and discourage payment of huge cash to kidnappers and bandits among others.
Gladys Musa, a trader and mother of two, said her expectation was that once she gets to the bank’s Automated Teller Machine, ATM, to withdraw, the new naira notes will appear. To her dismay, what came out of the machine was the old currency. “I expect the new currency to be available in bulk so that we introduce them to our customers,” he said, noting that due to the unavailability of the new currency, customers are even afraid of transacting business for fear of being given old notes which will soon be obsolete.
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