Nigeria has been experiencing a shortage of small Each individual value in a series of banknotes or coins. More notes despite having emitted large volumes of Money in physical form such as banknotes and coins. More into the economy. As a result, the Central Bank has decided to take immediate action by directly disbursing smaller denominations “to market associations, merchants, shopping malls, stores, super markets, toll gates in The Eurosystem comprises the European Central Bank and the national central banks of those countries that have adopted the euro. More for higher denominations.”
Mrs. Priscilla E. Eleje, Director of the The money used in a particular country at a particular time, like dollar, yen, euro, etc., consisting of banknotes and coins, that does not require endorsement as a medium of exchange. More Operations Department, confirmed that measures have already been taking place in Abuja and that it is being extended to other regions. Disbursement will occur via commercial banks and identified markets associations.