Why Nigeria Is Clamping Down on Its Vast Cash Economy
Comment on this story Comment Nigerians have until the end of January to exchange their highest-value banknotes for freshly-issued bills. The aim is to bring an estimated 2.7 trillion naira ($6 billion) that circulates in informal channels into the regular banking system. But cash is the lifeblood of Africa’s biggest economy and there’s concern that … Read more