New CNB 20k daily withdrawal limit
The central bank of Nigeria today announced a new monetary policy ahead of the general adoption of the new naira notes and fading off of the old naira notes, the limit of 20,000 nairas daily was placed on individual bank accounts and 100,000 nairas on cooperate bank accounts. This is inline with the central bank's intent to go digital and cashless, this move will help curb insecurity like kidnapping and terrorism financing as all transactions can be traced through the banks. I say make I bring the matter here make we put mouth check amm how e go be, and how e take affect us as the cryptocurrency community. To me we the cryptocurrency community in 9ja we are already used to digital life and at that, this cashless policies go help improve our privacy by making us to carry less cash even limiting the chances of point of sale private operators (POS). Because pos is also used by scammers to move limitless money around, if all this thing were CBN dey do work well, I think 9ja go make sense for everybody and I hope to see you guys contributions, observations, and criticism on this topic.
Wch kind policy con b dis 1 again na. Na watin b dis?
E get any nation 4 world way dey do dis kind tin, not evn nations way dey suffer major inflation dey do dis kind tin. D mata still b say, dispolicy no go b on a level platform. Pple way go dey abov d rule go plenty wella nd so dis rule na only 4 common man.
I pity 4 dose pple way dey survive on dat pos. Dem 4 dey try dey consider d majority b4 dem go dey place dis kind of policy. Yeah, pos na one way scammers dey mov moni bt, na stil somtin way don employ nd put food 4 d mouth of many. I jst dey reason how dem wan tak dey do dere legit business now. Na em be say, d services go cost o.