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Why is Nigeria facing a huge cash crisis?

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Why is Nigeria facing a huge cash crisis?

Africa’s largest economy, Nigeria, is experiencing a cash crisis, with recent photos showing queues outside ATMs. Nigeria decided to make people exchange their old currency for redesigned banknotes to cut corruption and inflation but banks didn’t release enough new naira notes, leading to chaotic scenes. Nigeria’s Supreme Court has temporarily suspended the deadline to stop using old banknotes.
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