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Chiiokafor's Posts

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BusinessRe: Cbn's Cashless Policy: An Insensitive Move At The Wrong Time! by Chiiokafor(m): 10:30am On Mar 29, 2017
Activa:
It costs money to process cash.

Those who bear the cost of processing the cash take the charges. It costs money to print, transport, store, count and handle currencies.

Use of cash also tend to encourage corruption and crime like robberies. Use of cash creates the need to look for change or round up prices of goods and services. Let's support this cashless policy. It's good for all of us.

Use electronic transfers or cheques if you want to dodge the charges or do transactions that are lower than the limits. You have other payment options.

I don't see any big deal here.
So how does the cashless policy operates

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