The Central Bank of Nigeria (CBN) has ordered commercial banks to stock their automated teller machines (ATMs) with the newly designed naira notes to increase circulation
The development has automatically stopped withdrawals made over – the – counter in banks.
CBN’s spokesperson, Osita ,Nwasinobi who made this known to newsmen on Saturday said the directive takes immediate effect.
Nwasinobi said the measure followed complaints from Nigerians regarding their inability to access the new notes since the banks started dispensing them on December 15, 2022.
,According to him, the order was given to circulate the new naira notes across the country before the January 31 set deadline when the old notes cease to be a legal tender.
“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,”
“This will ensure quick and wider circulation of the new notes across Nigeria.”He said.
