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I have been wondering why someone who is working to make the society a cashless one, will be planning on introducing a higher currency denomination into the economic system. Now fading away the N20, N10,N5 to coins is another issue entirely, like i saw in a cartoonist column of a paper, will we now be forced to withdraw "coins" from ATM's and carry them home with
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Showing posts with label CBN. Show all posts
Showing posts with label CBN. Show all posts
Friday, September 21, 2012
Tuesday, March 20, 2012
2:11 AM
Emma Blogs
CASHLESS POLICY: CBN buckles, shifts kick-off date
LAGOS— The Central Bank of Nigeria (CBN) said yesterday that it has postponed nationwide implementation of the cashless policy till January 1, 2013 and also granted partial exemption to ministries, parastatals and agencies (MDAs) only for the purposes of revenue collection.
This was part of the amendments to the cashless policy announced in a statement issued yesterday and signed by the Head Corporate Communications, CBN, Alhaji Abdullai Mohammed. The statement was entitled, “REVIEW OF INDUSTRY POLICY ON RETAIL CASH COLLECTION AND LODGEMENT.”
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