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Home Exclusives Research Analysis

Nigeria: Total Currency In Circulation – Updated October 2017

Research Team by Research Team
October 6, 2017
in Research Analysis
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Central Bank HQ

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Total Currency in circulation in Nigeria

Definition: According to Investopedia, the currency in circulation of a country is currency that is physically used to conduct transactions between consumers and businesses rather than stored in a bank, financial institution or central bank. Currency in circulation is part of the overall money supply, with a larger portion of the overall supply being stored in checking and savings accounts.

Source: The data is published by the Central Bank of Nigeria in its website www.cenbank.gov.ng

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Research Team

Research Team

The Research Team at Nairametrics meticulously monitors, gathers, curates, and administers an extensive repository of both macroeconomic and microeconomic data originating from Nigeria and across Africa. Utilizing a variety of presentation formats—including documents, tables, and charts—our analysts disseminate key findings through the Nairametrics platform. Additionally, we regularly release insightful, research-driven articles that offer in-depth analyses of economic trends and indicators.

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