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Nigerian Central Bank Warns Financial Institutions Against Rejecting Old or Lower Denomination US Dollars

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Nigerian Central Bank Warns Financial Institutions Against Rejecting Old or Lower Denomination US Dollars
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Source: Bitcoin.com

Nigerian Central Bank Warns Financial Institutions Against Rejecting Old or Lower Denomination US DollarsThe Central Bank of Nigeria warned local financial institutions against rejecting older or lower-denomination U.S. dollar banknotes. The apex bank said it will take strong action against financial institutions that refuse to accept mutilated or overcirculated local currency banknotes. Older U.S. Dollar Banknotes Still Legal Tender The Central Bank of Nigeria (CBN) has informed registered […]

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Author: Terence Zimwara

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  1. Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls
  2. Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans
  3. Nigerian Central Bank Governor Denies Using Forex Reserves to Defend Local Currency
  4. Nigerian Currency Becomes Worst-Performing After Erasing All Early April Gains
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