None
EN
Digital Currency Will Facilitate Cross-Border Remittances, Payment System In Nigeria – CBN
['Eric Ojo']
Banking & Finance | African Examiner
Digital Currency Will Facilitate Cross-Border Remittances, Payment System In Nigeria – CBN(AFRICAN EXAMINER) – Central Bank of Nigeria (CBN) has assured Nigerians that the introduction of its digital currency, eNaira, will facilitate cross-border remittances and improved efficiency in payment system in the country.
This is coming ahead of the Central Bank Digital Currency (CBDC), scheduled to be unveiled in the last quarter of this year.
CBN’s Director of Corporate Communications, Osita Nwanisobi gave the assurance while speaking with business correspondents in Abuja on Friday.
Nwanisobi said the eNaira had the potential to resolve many of the issues currently associated with cross-border payment and could help improve forex accretion and utilization.
That system is still in operation today” he further explained.
['support'
'cbdc'
'nigeria'
'bank'
'public'
'currency'
'implementation'
'enaira'
'system'
'remittances'
'facilitate'
'central'
'crossborder'
'payment'
'digital'
'cbn']