Currency Outside Banks Up 150% YoY to N3.63tn, 94% of CIC

Business | Nume Ekeghe Latest data released by the Central Bank of Nigeria (CBN), has revealed that the amount of currency held outside banks surged to N3.63 trillion in March 2023, representing a significant portion of the total currency in circulation (CIC), which stood at N3.87 trillion. This surge reflects a notable 150.98 per cent increase year-on-year (YoY) compared

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