Nigeria has already forced it's people to switch to CBDCs. I think they had them turn in their old money last year, maybe it was 2021. But the government had a surprise waiting for their people. When new money was issued, they placed limits ofwithdrawal, like $225 per week, or $45 per day. This has been a disaster on the Nigerian people. They can't even buy food for their children and adults, so they feed their children, and the adults limit their own food to small amounts or skip meals.
Did anyone here know about this story? I don't remember it being covered as news on our media.
On Wednesday, March 22, 2023 at 3:03:30 AM UTC-7, Paul Popinjay wrote:withdrawal, like $225 per week, or $45 per day. This has been a disaster on the Nigerian people. They can't even buy food for their children and adults, so they feed their children, and the adults limit their own food to small amounts or skip meals.
Nigeria has already forced it's people to switch to CBDCs. I think they had them turn in their old money last year, maybe it was 2021. But the government had a surprise waiting for their people. When new money was issued, they placed limits of
Did anyone here know about this story? I don't remember it being covered as news on our media.I heard the story, but what I heard is that the people outright rejected the CBDC and stuck with cash and everything kept going with the cash.
If I recall, Nigeria is one of the many countries where the US dollar is the de facto currency.
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