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Exclusive.. Central Bank: “We have a large cash reserve covering the withdrawn denominations, and distribution will be faster starting in October”

Our responsible source at the Central Bank revealed exclusively that banks are working to receive deposits of the withdrawn currency denominations, stressing that there will be no extension and the deadline ends on September 30.

He added: “We have a large cash reserve that covers the value of the withdrawn denominations, and distribution will be faster, more regular, and continuous starting from October to meet citizens’ needs for cash, while also encouraging the use and expansion of electronic payment methods.”

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