Shortage of cash: CBN tells banks to open weekends

 

CBN said on Friday that it had begun collecting notes from commercial bank vaults across the country.


In a statement prepared by CBN's acting director of corporate communications, Dr. Isa AbdulMumin, he said the evacuation was "part of a coordinated effort to facilitate the circulation of banknotes of various denominations." rice field.


CBN also ordered all commercial banks to open on Saturdays and Sundays.


It said: "Significant sums of various denominations have been received from commercial banks for transfer to their respective customers."


In addition, CBN has ordered all banks to recharge his ATMs (ATMs) and conduct physical operations in bank halls on weekends. "Commercial bank branches will be open on Saturdays and Sundays to meet customers' cash needs," Apex Bank said.


CBN governor Godwin Emefiele said he will "personally lead a team on Monday to monitor the level of compliance by banks in various locations around the country."


Cash supplies to banks in the metropolitan Abuja improved on Friday.


Most of the banks in Garki Areas 7 and 8 were seen serving large numbers of customers.



Another crowd group was seen withdrawing money from an ATM using old bills. But in Nyanyan, a suburb of Abuja, it was a different story.


Some banks stopped accepting customers at noon as they had not yet received cash from their headquarters. 

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