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The Independent UK
The Independent UK
National
Chinedu Asadu

Experts raise concerns as Nigeria limits cash withdrawals

ASSOCIATED PRESS

Experts on Wednesday raised concerns over a new policy announced by the Central Bank of Nigeria that heavily limits withdrawals of money in a push for a cashless economy.

The monetary policy, which applies to ATMs, banks and cash back from purchases, follows the launch of the West African nation’s newly designed currency notes to control the money supply.

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