Nigeria’s Atiku joins calls to extend deadline on old banknotes
Signal FX ; LAGOS (Reuters) – Nigerian opposition presidential candidate Atiku Abubakar urged the central bank on Saturday to extend a Jan. 31 deadline to phase out old high-value banknotes, a measure many Nigerians fear will disrupt business in the cash-reliant economy.
Dollar Edges Higher; Presidential Uncertainty Remains
Nigerians have to turn in 1,000 ($2.17), 500 and 200 naira notes by Tuesday when they cease to be legal tender. The central bank started releasing newly designed notes last month but many Nigerians say they are not yet available in banks.
The Central Bank of Nigeria (CBN) says recalling the notes is part of plans to reduce the use of cash.
Forex Signals
EURJPY Price Opposition of Bullish Trend at $130
“I’m aware of the challenges that farmers and others like artisans in remote areas of the country go through in moving cash to commercial banks for the conversion,” Atiku said in a video.
“It is important for the CBN to consider an extension of the time that the public convert their bank monies into new notes, thereby reducing the financial consequences for citizens.”
In Lagos, some shops were rejecting old banknotes at the weekend in anticipation of the deadline.
Nigeria’s Atiku joins calls to extend deadline on old banknotes
Dollar Down Ahead of US Fed Policy Meeting
Nigeria’s Atiku joins calls to extend deadline on old banknotes
- The fundamental forex strategies
- The technical forex strategies
- The popular forex strategies
- In the forex strategies articles
EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD, Gold, Oil and many many more..These are the three most traded currencies beside the US dollar. Lower market liquidity will mean that a broker will give wider dealing forex spreads.
FX News
Subscribe to our Signals and start receiving Forex Day Trading Signals from the very next trade! Forex Signals News Learning Guides below with guide you with every trade you make! FxPremiere.com Learning centre is now available for all to read. With blog posts written monthly on the most common searched terms. CREATE YOUR OWN NFT TODAY!!
Nigeria’s Atiku joins calls to extend deadline on old banknotes
About The Author: Forex Signals
Telegram Forex Signals FX including Opening Forex Accounts. Subscribe now for major pairs Forex Trading Signals Today by FxPremiere Telegram Forex Signals FX
More posts by Forex Signals