Currency in circulation rose by N129bn in October –CBN - Punch Newspapers

The currency in circulation in the country rose by N129bn to N2.97tn in October from N2.84tn in September, according to the figures from the Central Bank of Nigeria.It stood at N2.74tn in June, N2.79tn in May, N2.79tn in April, N2.8tn in March, N2.78tn in February and N2.83tn in January.

“In 2020, there were higher withdrawals by DMBs than deposits, due to the panic need to hold cash to deal with the emergencies and reduced banking hours due to restrictions to curb spread of the pandemic.” The guidelines outlined details of quarterly and yearly activities towards the achievement of this objective.

I think it’s stuck somewhere by the politicians Baba nothing is in circulation

Hyper inflation! The only place more safu to put your money is in crypto, else the purchasing power of this fiat is going down down. NFA!

ifeanyiokoye04 106confidential Please what is the value of the circulating currency? I hope it didn't cost more to print those extra currency!

Isn't that signs of hyper inflation?

Is he aware that sachet water is now N20 and that mama Oyinye no longer serve food with water.

Shén gbó wéyréy

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