International Monetary Fund (IMF) has called for the extension of the February 10 deadline for the use of the old notes
Gatekeepers News reports that the IMF made the call few minutes after the Supreme Court restrained the Federal Government and Central Bank of Nigeria(CBN) from enforcing the deadline.
The IMF’s Resident Representative Office for Nigeria, Laraba Bonet, in a statement in Abuja on Wednesday, hinged its plea on the hardship Nigerians were going through.
IMF said, “in light of hardships caused by disruptions to trade and payments due to the shortage of new bank notes available to the public, in spite of measures introduced by the CBN to mitigate the challenges in the banknote swap process, the IMF encourages the CBN to consider extending the deadline should problems persist in the next few days leading up to the February 10, 2023 deadline.”
This is a developing story.
