Nigeria CBDC adoption spikes as fiat currency shortage grip the nation Post author:MiamiCrypto Post published:March 22, 2023 Post category:Africa / Cash / CBDC / Central Bank / Fiat Money / Nigeria / South Africa The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation. You Might Also Like Israel’s central bank says CBDC could be issued if stablecoin use increases April 18, 2023 Nigeria upgrades CBDC as crypto restrictions cripple fintech industry May 10, 2022 Consumers Prefer Cash Over CBDC: Deutsche Bank Survey September 22, 2024