Banknote

Customers who had waited for many hours stand outside a bank in the slim hope of being able to withdraw some cash, in Lagos, Nigeria Thursday, Feb. 23, 2023.

Millions of Nigerians prepare to vote amid chaotic cash shortage

February 23, 2023Elections

The currency redesign in Nigeria is a policy decision that went into effect weeks before the presidential election that takes place on Feb. 25. Nigerians were told to turn in their old banknotes for new ones, but now, they are struggling to procure the new cash.