BREAKING: Nigerian currency has officially failed and is no longer considered legal tender. They have introduced the enaira CBDC and limited cash withdrawals for all Nigerians. Madness.
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Last month, the central bank said that of 3.23 trillion Nigerian naira ($6.9 billion) in circulation as of October last year, “only 500 billion naira was within the banking industry” while a whopping 2.7 trillion naira ($5.8 billion) was “held permanently in people’s homes.”
The are so afraid of self-custody
😔
Oh shit. Prayers ❤️
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Damn. Check your financial privilege by @alexgladstein, MUST read!