The International Monetary Fund (IMF) has called on the Central Bank and the Nigerian government to extend the February 10, 2023 deadline for cash swap.
This comes barely hours after the Supreme Court on Wednesday restrained the Federal Government and Central Bank of Nigeria (CBN) from enforcing the deadline.
In a statement in Abuja on Wednesday by Laraba Bonet, IMF hinged its plea on the hardship Nigerians were going through.
The statement reads, “in light of hardships caused by disruptions to trade and payments due to the shortage of new bank notes available to the public, in spite of measures introduced by the CBN to mitigate the challenges in the banknote swap process, the IMF encourages the CBN to consider extending the deadline should problems persist in the next few days leading up to the February 10, 2023 deadline”.
