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Cardoso attributes scarcity of N100, N200 notes to digital payment growth, reduced purchasing power
ABUJA — Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has attributed the apparent scarcity of N100 and N200 notes to the increasing adoption of digital payment channels and the declining purchasing power of the lower-denomination currency. Speaking on Tuesday after the Monetary Policy Committee (MPC) meeting in Abuja, Cardoso dismissed concerns that […]
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Why lower Naira denominations are scarce - Cardoso
Mr Cardoso stressed on Tuesday that the availability of lower denominations is largely determined by public demand within the payments ecosystem.
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Cardoso attributes scarcity of N100, N200 notes to digital payment growth, reduced purchasing power
ABUJA — Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has attributed the apparent scarcity of N100 and N200 notes to the increasing adoption of digital payment…
