'Only on ATMs' — CBN stops over-the-counter withdrawal of redesigned naira notes | TheCable
Wasilat AzeezThe Central Bank of Nigeria has directed commercial banks in the country to load their automated teller machines with the redesigned naira notes in a bid to boost circulation.Disclosing this in a phone interview with TheCable on Saturday, Osita Nwasinobi, CBN’s spokesperson, said the new directive takes effect immediately.
“The CBN is concerned about claims by Nigerians that they had not come in contact with the new notes and therefore, directed the banks to ensure that they load their ATMs with new notes,” Nwasinobi said.ENOUGH SUPPLY OF REDESIGNED NAIRA NOTES’ He accused some citizens of attempting to swap large volumes of existing notes for new notes in banks.
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