Currency in circulation rises to N2.26trn – CBN
Currency outside banks rose to N2.26 trillion at the end of the first half 2023, according to the Central Bank of Nigeria’s recent Money and Credit Statistics.
A report by the DAILY POST said that currency outside banks rose from N982.09 billion at the end of February to N2.26 trillion in June 2023.
The currency in circulation had dipped to N982.09 billion at the end of February from 3.2 trillion in December 2022.
The recent figure showed that N2.3 trillion had been mopped up from circulation in the period under review.
“Currency-in-circulation is as currency outside the vaults of the central bank; that is, all legal tender currencies in the hands of the public and the vaults of the Deposit Money Banks,” CBN stated.
