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Bauchi residents excited over return of old Naira notes


Bauchi residents excited over return of old Naira notes

The reintroduction of the old naira notes into circulation, which facilitates better economic transactions in the state, has been welcomed by the people of Bauchi.

According to reports, the Central Bank of Nigeria (CBN) instructed commercial banks to start accepting old currency notes over the counter and loading them into automated teller machines (ATMs) from March 13. (ATMs).

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The Supreme Court’s decision to reinstate old currency notes as lawful tender is followed by this.

The restoration of the old notes eases the hardship people are going through, according to several residents of Bauchi who talked to the News Agency of Nigeria (NAN) on Thursday.

According to Mr. Austine Sabo, a vendor in Bauchi’s Wunti Market, the old notes are gradually making a comeback.
“Business activities have changed, unlike before when there was much scarcity of money in circulation but with the return of old notes, businesses have been picked up,” he said.

Mrs Murjanatu Sani, Zenith Bank customer, expressed delight that normalcy is gradually returning to the banks and business cycle in the state.

“Last month, when I came with my husband’s ATM card, I spent three to four hours waiting to collect N4,000 in the Bank. My husband doesn’t have such time to wait in banks.

“But with the return of the old notes in circulation, it didn’t take me 30 minutes to collect N20,000 from the counter. I am delighted for not wasting time,”

Another customer at Zenith Bank, Alhaji Musa Sallama, said he collected N300,000 from the bank.

“Today, Thursday, is market day of Marrarraba Liman Katagum where we buy cows. So with the return of the old notes in circulation the market activities have returned.

“I have not been to the market for two weeks because without money in hand the market activities was not too good.

“The release of the old notes has brought a relief, cows will come to the market at last. We sold not less than 100 cows. This hasn’t happened since the crunch started.”

A customer at Union Bank in Bauchi, Aliyu Sambo, said the banks are paying both old and new notes in the counter and at the ATMs. This is commendable, and he appealed to the government to release more notes.

“We thank God for their change of heart. Bringing back the old currency has brought visible relief.

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