Nigeria Bans ATM Cash Withdrawals to $45 per Day to Push Digital Payments Hello people in the world, today Random Find Truth will provide information about the correctness and important updated opinions that you must read with the title Nigeria Bans ATM Cash Withdrawals to $45 per Day to Push Digital Payments that has been Random Find Truth analysis, search and prepare well for you to read all. Hopefully information from Random Find Truth about Articles Prophecy, the Random Find Truth write you can make us all human beings who are knowledgeable and blessed for all.

Title : Nigeria Bans ATM Cash Withdrawals to $45 per Day to Push Digital Payments
Link : Nigeria Bans ATM Cash Withdrawals to $45 per Day to Push Digital Payments

On Tuesday, Nigeria’s Central Bank announced a new directive that restricts large amounts of cash from being withdrawn from automatic teller machines (ATM).

According to reports, Nigeria restricted ATM cash withdrawals from $337 (150,000 naira) to $45 (20,000 naira) per day for individuals and businesses in order to encourage the use of Nigeria’s central bank digital currency (CBDC).

The central bank announced a weekly cap on cash withdrawals of $225 (100,000 naira) for individuals and $1,125 (500,000 naira) for businesses, with a cost of 5% and 10%, respectively, for amounts in excess of the limit. READ MORE  Coming to America?

Nigeria Bans ATM Cash Withdrawals to $45 per Day to Push Digital Payments

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Nigeria Bans ATM Cash Withdrawals to $45 per Day to Push Digital Payments

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