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Why lower Naira denominations are scarce – Cardoso

World 1 source 1 country 🔦 Under-reported 53m ago

The availability of lower Naira denominations is largely determined by public demand within the payments ecosystem, according to comments made by Nigerian central bank official Mr. Cardoso on Tuesday.

Cardoso addressed the ongoing scarcity of smaller currency notes, explaining that the distribution and circulation of these specific denominations directly reflect how the public interacts with the current payment systems.

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