Barely one month after the reintroduction of old N200, N500 and N1,000 notes, some residents of Anambra have decried the unavailability of the new notes in many banks in the state.
Some of them told the News Agency of Nigeria (NAN) in Awka on Monday that they hardly complete transactions with new naira notes because they were not available.
This is even after the old currencies had been mopped up from circulation by the Central Bank of Nigeria (CBN) and unavailable for use by citizens for about two months before they were officially pumped into the system on Dec. 15, 2022.
The residents said it was surprising that they had to return to and rely on the reintroduced old notes because the new notes which were to replace them were not in circulation.
NAN Correspondent who monitored the situation reports that cash transactions were largely done with old notes.
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