‘Only on ATMs’ — CBN stops over-the-counter withdrawal of redesigned naira notes

The Central Bank of Nigeria (CBN) has directed commercial banks in the country to load their automated teller machines (ATMs) with the redesigned naira notes in a bid to boost circulation. The apex bank also ordered the banks to halt dispensing the new currency notes over-the-counter. Disclosing this in a phone interview with TheCable on Saturday, Osita Nwasinobi, CBN’s spokesperson, said the new directive takes effect immediately. He explained that the attention of the apex bank was drawn to complaints from Nigerians who have not been able to access the redesigned notes since the banks started dispensing them on December

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