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Nigeria limits ATM withdrawals to boost digital payments
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The limit is the latest effort by Nigeria to discourage cash usage.
The country is set to redesign high-value notes and is giving people until January to switch out their old paper money.The central bank is also planning to mint more of its eNaira digital currency, which launched last year but has yet to take off, according to Bloomberg.Says the central bank: "Customers should be encouraged to use alternative channels—Internet banking, mobile banking apps, USSD, cards, POS, eNaira to conduct their banking transactions."
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