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 We need to move a lot faster on Global South Bitcoin adoption — Paxful CEO November 2, 2022 Israel’s central bank says CBDC could be issued if stablecoin use increases April 18, 2023 Italy Banks Back Digital Euro CBDC, Seek Staggered Implementation Costs November 9, 2025