Nigerian currency pressure mounting as central bank releases airline funds
Customers are facing limits on what they can withdraw from some banks, say reports
Nigerian media said the country’s banks are short of foreign currency as the central bank released several hundred millions of dollars earned by international airlines.
Banks are facing increasing shortages of foreign currency, but the central bank has not commented on the reports. At commercial banks in Lagos and Abuja, customers are facing restrictions on how many dollars they can withdraw in cash from personal accounts over the counter, news outlet Quartz said on August 29.
It said most
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