Currency Scarcity Hits Imo, Businesses In Slow Operation
Currency scarcity has been observed in Imo State as depositors were allowed to withdraw only N50, 000 limits. Consequently, Point of Sale (POS) operators reduced their disbursement rates to customers, increasing their charges from N100 per N5, 000 to N200. Investigations on commercial banks operating in Owerri, the state capital revealed that the Central Bank…