Benefits of cash withdrawal limit

In Nigeria, CBN make a new law that individual will not withdraw more than #20,000 from POS and #100,000 from Bank. 

The benefits goes like these :

 1. It will make individuals spend less i n physical for a day.

 2. For kidnapping business, it Will difficult for them to get physical cash from now on expecially during this period. 

 3. It will strengthen Naira in global market.

4. It will generate more saving than spending for individual.

5. E.T.C.

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