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Nigeria: President Buhari extends use of old naira notes amid shortages

Buhari said that the old 500 and 1,000 naira notes could only be exchanged at the central bank and other designated places. But the 200 naira will remain in use for the next two months. – Advertisement – The central bank wanted the note swap initiative to curb cash in circulation and control double-digit inflation. But the International Monetary Fund… Read More