Cryoto Currency

Nigeria bans ATM money withdrawals over $225 per week to pressure use of CBDC By Cointelegraph



Nigeria has drastically lowered the amount of money people and companies can withdraw because it makes an attempt to push its “cash-less Nigeria” coverage and enhance the usage of the eNaira — Nigeria’s Central Financial institution Digital Foreign money (CBDC).

The Central Financial institution of Nigeria issued the directive to monetary companies in a Dec. 6 round, noting that people and companies would now be restricted to withdrawing $45 (₦20,000) per day and $225 (₦100,000) per week from ATMs.