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Chart of the day: Currency in Circulation vs Currency Outside Banks

Research Team by Research Team
July 20, 2018
in Uncategorized
Why you should Naira Cost Average your Investments
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Central Bank of Nigeria (CBN) releases monthly data for Currency in Circulation, Currency Outside Banks and other money and credit statistics.

Currency in circulation is part of the overall money supply. It refers to currency that is physically used to conduct transactions between consumers and business, rather than stored in a bank, financial institution or central bank.

Nairametrics presents a comparison between Currency in Circulation and Currency Outside Banks since 2015

 

[wpdatachart id=246]

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