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Currency outside banks rises 119% as banks’ reserves up 79%

Currency outside banks rises 119% as banks’ reserves up 79%
Photo: Vanguard · view original

Peter Egwuatu Currency outside banks in Nigeria more than doubled in three years, rising by 119.3 per cent between August 2023 and August 2026, according to the Central Bank of Nigeria, CBN’s Money and Credit Statistics. The amount of currency outside the banking system increased to N4.874 trilli...

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