Coronavirus cbn advises nigerians to be wary of atms cash
I think there may be some confusion here. The Central Bank of Nigeria (CBN) has not advised Nigerians to be wary of ATMs or cash due to the coronavirus.
In fact, the CBN has taken several measures to ensure the stability of the financial system and maintain public confidence during the pandemic. These measures include:
- Increasing the cash withdrawal limit for individuals and businesses to N500,000 and N3 million, respectively, to alleviate cash flow constraints.
- Extending the validity of expired banknotes to prevent a shortage of cash in the system.
- Providing additional liquidity to the financial system through open market operations and other monetary policy tools.
- Encouraging the use of digital payment channels, such as mobile banking and online banking, to reduce the need for physical cash transactions.
The World Health Organization (WHO) and other reputable health organizations have also emphasized the importance of maintaining good hygiene practices, such as washing hands frequently, wearing masks, and avoiding close contact with others, to prevent the spread of COVID-19.
It's important to note that there is no scientific evidence to suggest that ATMs or cash are a significant source of transmission for COVID-19. The virus is primarily spread through respiratory droplets and contact with contaminated surfaces.
If you have any concerns about COVID-19 or the financial system, I recommend consulting reputable sources, such as the CBN, WHO, or the Nigerian Ministry of Health, for accurate and reliable information.