Naira Scarcity: Bank Customers Want More Notes Released
After The Spate Of Events That Unfolded Over The Supreme Court’s Judgement Allowing The Use Of The Old 500 And 1,000 Naira Notes Alongside The Newly Redesigned Ones, The CBN Yesterday Came Out With A Press Release Instructing Commercial Banks To Comply With The Supreme Court’s Ruling Which Had Raised So Much Controversy. Customers Say The Press Release By The Apex Bank Is A Welcome Development Which Was Long Expected, Following Series Of Difficulties And Pains Which Residents Have Gone Through. But With Their Observations, Only Few Banks Have Started Disbursing The Old Naira Notes, A Development Which They Say Will Hamper The Process. They, However, Seek For Further Instructions To The Commercial Banks To Release More Naira Notes, And Also Sensitization Of Business Owners For Acceptance Of The Old Notes. The CBN, After A Meeting With The Bankers Committee, Accordingly Directed Commercial Banks To Commence Issuance Of The Old Notes As Ruled By The Supreme Court.
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