“The apex bank said it had mopped up over N2 trillion of the old currency. They should bring out that money through the banking system.”
Some of the bank’s branches in the FCT and environs and other states visited on Tuesday were under lock.
A financial expert preferred that the CBN should have ensured that the scarce denominations, like N100 and N200, are readily available by printing more.
“Then the domestic currency will be more stable, and the foreign exchange demand triggering inflation will begin to dip,” said one of the experts.
The first-ever national stakeholders’ conference on the synergy between the Nigerian banking industry and the OPS would hold on August 3, 2022.
The AfDB projected the average growth rate of Nigeria’s economy this year through 2023 at 3.2 per cent.
Some of the experts urged the apex bank to conduct extensive research on the economy before coming out with its parameters.
Nigeria’s inflation rate rose to 15.92 per cent in March.
