Currency circulation has improved in major cities across Nigeria following the third day of the full implementation of the Supreme Court ruling on the legal tender status of old Naira banknote.
Newsmen findings reveal that banks have started simultaneous dispensing of the old banknotes over-counters and through the Automated Teller Machines, ATMs.
Also the old banknotes are now all accepted by most traders and service providers just as banks are now accepting them.
However, the banks appear to have run out of new Naira notes as both the ATMs and the banking halls visited by newsmen show that only old banknotes were available.
Also our findings reveal that the banks are still implementing cash withdrawal limits subject to a maximum of ten thousand naira per customer per day.
But some banks as at the time of visit were not dispensing the currency notes due to lack of cash. A security personnel at one of the banks said the cash available had been exhausted earlier before the visit.
Meanwhile, in markets visited traders were seen accepting the old naira banknotes. Fuel stations, Motorists and traders in the vicinity also accepted the old currency notes.
