Despite cashless policy, CBN spends N14.5bn more to print currency in 2018

CBN announces 6 policy responses to combat Covid-19 hit to economy

Nigeria’s cash-based economy seems to be over-weighing the efforts by the Central Bank of Nigeria to digitalise financial transactions, as the apex bank spent N14.52 billion more to print currency notes in 2018. According to the 2018 annual report by the Currency Operations Department of the CB

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