Excitement As Commercial Banks Stock ATMs With New Naira Notes

Some commercial banks’ ATMs have been stocked with new notes following CBN’s announcement.

EKO HOT BLOG reports that commercial banks in Ekiti have begun to issue new naira notes to customers.

Automated Teller Machines of the banks are now also stocked with the new notes, a situation that excites the people of the state.

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There has been an outcry over the poor circulation of the new notes almost a month after they became legal tender.

Recall that the CBN ordered commercial banks to load Automated Teller Machines with only new notes to improve the speed of its circulation.

With the new development, the target of the CBN to phase out the old notes may be realized.

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The redesigning of some naira notes was an initiative of the Central Bank of Nigeria aimed at mopping up stocked cash, improving the security of banknotes, mitigating counterfeiting, controlling currency in circulation, and addressing issues of kidnapping.

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