Nigeria reissues old banknote as cash fiasco threatens to disrupt election | CNN Business

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President Muhammadu Buhari directed Nigeria’s central bank to reissue old 200-naira ($0.43) banknotes withdrawn just days ago as concerns grow that the botched introduction of new money could disrupt general elections later this month

President Muhammadu Buhari on Thursday directed Nigeria’s central bank to reissue old 200-naira banknotes withdrawn just days ago as concerns grow that the botched introduction of new money could disrupt general elections later this month.

That shortage has led to frayed tempers and hardship, particularly those who work in the cash-based informal economy and for citizens who live in rural areas. Protests are spreading across the country and bank branches have been damaged. In a televised broadcast Thursday, Buhari expressed sympathy for Nigerians experiencing hardship and announced that the old 200- naira note will return to circulation for 60 days.

 

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Media's are always funny with big words. Our Leaders just want to frustrate other opponent to avoid buying vote, by suffering the people

The Nigerian government policies at time is purely political and doesn't translate to economy growth of the populace.

PMOIndia

Misleading headline The government is shifting to a digital currency The people don't want it

N465.1 = $1. Interesting exchange rate.😁

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