Central banks play a pivotal role in stabilizing a nation’s currency and economy through the implementation of monetary policies. However, their actions are often misunderstood, especially during times of economic challenges. According to PwC, it is crucial for central banks to communicate their objectives clearly and effectively to foster a proper understanding and positive public […]
Banks claim that rationing was driven by a limited cash supply and low cash deposits.As economic misery strikes, lawmakers ask the CBN to fix the cash crunch. Customers of Abia Bank in Abia State have complained about several of the state’s banks’ N5,000 cash withdrawal cap. However, one bank’s customers were permitted to take out […]
