Thursday, January 21, 2021

CBN says currency in circulation reached N2.9tn in 2020

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Currency in circulation rose by N249bn from N2.66tn as of the end of November to N2.91tn in December 2020.

The data was obtained from the Central Bank of Nigeria which showed the CIC rose from a figure of N2.49tn as of the end of October.

The CBN said as a result of its monetary policy actions, the reserve money grew moderately by the end of September 2020.