Currency outside banks rises to N2.2trn

by | February 8, 2018 11:07 pm

Currency outside the banking system grew in the fourth quarter of 2017, leading to 21.1 percent increase in currency in circulation to N2.2 trillion. The Central Bank of Nigeria (CBN) disclosed this on Thursday in its economic report for the fourth quarter of 2017. Despite the non-expansionary monetary policy stance of the CBN in the…

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