The
foreign exchange crisis hitting the economy has assumed a new dimension with
Deposit Money Banks announcing the suspension of overseas Automated Teller
Machine card services and online transactions denominated in foreign
currencies…
Deposit
Money Banks have begun suspending their Automated Teller Machine cards (debit
and credit) from working overseas as dollar scarcity continues to hit the economy
badly.
Stanbic
IBTC Bank, Standard Chartered Bank Nigeria and Guaranty Trust Bank on Friday
announced the suspension of their overseas ATM card services.
Also
suspended by the banks are online transactions priced in foreign currencies.
This means that customers of the banks will no longer be able to use their
debit or credit cards to make online transactions that are denominated in
dollars, euros, pounds sterling and other foreign currencies.
-Punch
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