The closest ATM to my house had maybe 500 people on the queue in the morning. I quickly checked some POS and the guys were issuing a maximum of 5k, which i collected and moved to a second queue at another POS. There were about 7 people ahead of me when their cash exhausted. Some fellow there said there's another one paying inside a street. When we got there, the man said they were expecting cash. I was curious and joined the others to wait. After about an hour, the man's assistant came in with a tranche of cash. New notes. I concluded that banks are hoarding the new currencies and colluding with POS operators in the new naira black market. I think Buhari started his administration two months to the end of his second tenure. Thus the BATstardized naira.