Businesses Stall, Nigerians in a Lurch as Currency Redesign, Cash Swap go Awry
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Businesses Stall, Nigerians in a Lurch as Currency Redesign, Cash Swap go Awry
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Description
A supposedly harmless currency redesign policy for the Nigerian naira resulting in a cash swap program implemented by the Central Bank of Nigeria turned into a full-blown crisis that came...
show moreThe climax of the tension became apparent as the initial deadline of January 31, 2023, for people to turn in their old notes drew closer before the apex bank announced an extension of 10 days to allow Nigerians more time to change their old notes for the new designs.
Information
Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
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