Following its plans to increase the value of coins, the Central bank of Nigeria (CBN) has revealed plans to introduce coins dispensing Automated Teller Machines (ATMs)in the country.
This new strategy, the CBN said would encourage Nigerians imbibe the culture of spending and accepting coins.
According to the Head of Shared Services of the CBN, Mr Chidi Umeano, who spoke with the News Agency of Nigeria (NAN), the latest plan is in tune with the currency restructuring exercise. He noted that the coins dispensing ATMs would hasten the acceptance of coins by Nigerians and change misconception about their use.
He explained that “to achieve this plan, what is needed is to facilitate the inclusion of a process called ‘add-on’ to the ATMs. Good enough, the existing ATMs have the ‘add-on’ feature that will easily make them adapt to coins dispensing.”
While stating that the apex bank would ensure that newly deployed ATMs have the ‘add-on’ feature among others, said “It is very possible to achieve Automated Teller Machines that will dispense coins.
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