ADVERTISEMENT
  • Home
  • About us
  • Contact us
Saturday, December 2, 2023
TheScript Nigeria
  • Home
  • International News
  • Local
  • Press Release
  • Economy
  • Crime
  • Business and Finance
  • Education
  • Guest Column
No Result
View All Result
  • Home
  • International News
  • Local
  • Press Release
  • Economy
  • Crime
  • Business and Finance
  • Education
  • Guest Column
No Result
View All Result
TheScript Nigeria
No Result
View All Result
Home Economy

We Have Sufficient Stock of Currency Notes – CBN

thescript by thescript
November 3, 2023
in Economy
0 0
0
CBN
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The attention of the Central Bank of Nigeria (CBN) has been drawn to reports of alleged scarcity of cash at banks, automated teller machines (ATMs), Points of Sale and among Bureaux de Change (BDCs) in some major cities across the country.


Our findings reveal that the seeming cash scarcity in some locations is due largely to high volume withdrawals from the CBN branches by Deposit Money Banks (DMBs) and panic withdrawals by customers from the ATMs.


While we note the concerns of Nigerians on the availability of cash for financial transactions, we wish to assure the public that there is sufficient stock of currency notes for economic activities in the country. The branches of the CBN across the country are also working to ensure the seamless circulation of cash in their respective states of operation.

Members of the public are, therefore, advised to guard against panic withdrawals as there is sufficient stock to facilitate economic activities. Nigerians are also advised to embrace alternative modes of payment, which would reduce pressure on using physical cash.

Isa AbdulMumin PhD
Director, Corporate Communications

November 2, 2023

Recommended

Adokiye Amasiemeka Stadium To Host PDP Convention – Okowa

Okowa Congratulates Super Eagles For AFCON 2019 Qualification

5 years ago
PICTURES: Arsenal FC Foward, Bukayo Saka Pay Courtesy Visit To Governor Sanwo-Olu At Lagos House Marina, On Saturday, 3rd June 2023

PICTURES: Arsenal FC Foward, Bukayo Saka Pay Courtesy Visit To Governor Sanwo-Olu At Lagos House Marina, On Saturday, 3rd June 2023

6 months ago

Popular News

    Connect with us

    • Home
    • About
    • Contact
    • Terms of use
    Email Us: publisher@thescript.com.ng

    © 2021 TheScript Nigeria -Providing quality news and information that improves the quality of life.

    No Result
    View All Result
    • Home
    • International News
    • Local
    • Press Release
    • Economy
    • Crime
    • Business and Finance
    • Guest Column
    • Education

    © 2021 TheScript Nigeria -Providing quality news and information that improves the quality of life.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.