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Starting on January 9, 2023, the Central Bank of Nigeria (CBN) will allow individual banking clients to withdraw an equivalent of N500,000 ($1,120) per week (up from the N100,000 ($224) cap introduced on December 6, 2022). For corporate organizations, the cash withdrawal will be capped at N5,000,000 ($22,200 up from N500,000 ($1,120)). Also, the fees for cash withdrawals above the limits, in "compelling circumstances... for legitimate purposes", were reduced to 3% and 5% respectively (down from 5% and 10%). However, the daily limit on withdrawals from automatic teller machines (ATMs) and point-of-sale (PoS) terminals will remain at N20,000 ($45). https://www.cbn.gov.ng/Out/2022/CCD/ReNairaRedesignPolicyRevisedWithdrawal.pdf

Algeria's Prime Minister, Aïmene Benabderrahmane, reportedly said that the Bank of Algeria is working to create a digital dinar" as part of the digitization of payments.