Similar thing is happening in Nigeria but its governmental policy induced. With the aim to curb vote buying, the central bank of Nigeria change the banknotes and advice all to return all the old notes. After great struggle, everyone deposited their money with banks. No cash in circulation, investment or generation of funds by the banks. Banks/market now are ghost towns! Inflations is the order and biting everyone seriously
RE: Silicon Valley Bank | The 16th Largest Bank in the U.S. Goes Under
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