Economic and commercial activities in Awka, the capital town of Anambra, have slowed down due to the insufficient quantity of the newly-designed N1,000, N500 and N200 in circulation.
The News Agency of Nigeria (NAN) reports that customers are trooping to their banks to deposit their old currency notes to beat the Jan. 31 deadline for phasing them out.
The NAN Correspondent who monitored the situation also reports that those going for withdrawal were not being paid with the new bills but rather with old notes which most customers reject.
Few banks, however, were disbursing N100, N50 to customers who are willing to accept them.
Mr John Onu, a customer at a new generation bank near Anambra Government House, said the bank had not paid him with the new bills since they were introduced last year.
Onu said the bank was still paying him with old notes until early this week when the branch stopped paying.
“I have…
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