The redesign of the N200, N500 and N1000 denominations of the Nigerian currency continues to negatively affect Nigerians who cannot access their money from Automated Teller Machines (ATM) points. Several businesses have had to shut down as a result. Some banks have been burnt by angry youths. The Central Bank of Nigeria says the policy is intended to make the country’s monetary policy decisions more efficacious and support the efforts of security agencies in combating banditry and ransom-taking.
