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By Our Reporter
The International Monetary Fund (IMF) and the World Bank has urged the CBN to extend the time limit for the old naira notes
The advice of the international organisations was in line with the Supreme Court ruling against the Friday deadline.
The IMF and the World Bank stated that the short timeframe for the currency was causing hardships in the country.
Recall that the Supreme Court on Wednesday restrained the Federal Government from implementing the Friday deadline for the currency swap.
A seven-man panel of the apex court led byJustice John Okoro, in a unanimous ruling, granted an interim injunction restraining the Federal Government, the Central Bank of Nigeria and commercial banks from implementing the Friday terminal date for the old naira notes.
