Franklin Pierce
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Nigeria restricts ATM withdrawals to $45 per day in push to digital currency
Nigeria's economy is heavily dependent on the so-called informal sector
Nigeria will soon begin restricting ATM withdrawals to just $45 per day as part of a push to move the country toward a cashless economy.
The policy – which will also apply to banks and cashback from purchases – follows the launch of the West African nation's newly designed currency notes to control the money supply.
Nigeria restricts ATM withdrawals to $45 per day in push to digital currency
Nigeria's economy is heavily dependent on the so-called informal sector
Nigeria will soon begin restricting ATM withdrawals to just $45 per day as part of a push to move the country toward a cashless economy.
The policy – which will also apply to banks and cashback from purchases – follows the launch of the West African nation's newly designed currency notes to control the money supply.
Nigeria restricts ATM withdrawals to $45 per day in push to digital currency