Cash shortage due to new banknotes in Nigeria

Nigeria / Photo EPA-EFE/AKINTUNDE AKINLEYE

The problem of lack of cash in circulation in Nigeria arose after the redesign of the domestic currency, as well as the withdrawal of old banknotes.

Nigeria's informal economy is on its knees as it struggles with a cash crunch.

The problem arose after the redesign of the domestic currency, as well as the withdrawal of the old banknotes.

Almost half of the population does not have a bank account, reported Al Jazeera Balkans.

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