The Central Bank of Nigeria, CBN has confirmed the
evacuation of banknotes from its vaults to commercial banks across the country
as part of a coordinated effort to ease the circulation of banknotes of various
denominations.
The CBN has also directed all commercial banks to open for
operation on Saturdays and Sundays.
The Acting Director, Corporate Communications Department of
the CBN, Dr. Isa AbdulMumin, disclosed this in Abuja, on Friday, stating that a
substantial amount of money, in various denominations, had been received by the
commercial banks for onward circulation to their respective customers.
According to him, the CBN had directed all banks to load
their Automated Teller Machines (ATMs) as well as conduct physical operations
in the banking halls through the weekends.
“Branches of commercial banks will operate on Saturdays and
Sundays to attend to customers’ cash needs,” he noted, adding that the Governor
of the Central Bank of Nigeria, Mr. Godwin Emefiele, would personally lead
teams to monitor the level of compliance by the banks in various locations
across the country.
He, therefore, urged Nigerians to be patient as the current
situation would ease soon with the injection of more banknotes into
circulation.
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