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CBN to sanction banks for rejecting old, lower dollar denomination

...Naira weakens by 0.82%

The Central Bank of Nigeria (CBN) on Tuesday threatened to sanction banks and other foreign exchange dealers that refuse to accept old series/lower denomination of U.S dollar bills from their customers. This was disclosed in a circular to all banks in a circular to all banks, Bureau De Change (BDC) operators and the general public…

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