CBN Cash Withdrawal Restrictions, Likely To Worsen Poverty, Financial Exclusion - Nairaland / General - Nairaland
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| CBN Cash Withdrawal Restrictions, Likely To Worsen Poverty, Financial Exclusion by y2jacob1: 9:19am On Dec 08, 2022 |
There is the fear that the new restrictions by the Central Bank of Nigeria, CBN on cash withdrawals may result in financial exclusion for the poor masses and impoverish them the more. CBN had yesterday ordered Deposit Money Banks (DMOs) and other financial institutions to ensure that weekly over-the-counter (OTC) cash withdrawals by individuals and corporate entities do not exceed N100,000 and N500,000, respectively... https://www.thenews-chronicle.com/cbn-cash-withdrawal-restrictions-likely-to-worsen-poverty-financial-exclusion-of-the-poor-cso/ follow us on Facebook for more https://web.facebook.com/tncng Follow us on twitter https://twitter.com/ThenewsC
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