CBN says currency in circulation reached N2.76trn in September 2023, naira hits N1,010 per dollar

Data from the Central Bank of Nigeria (CBN) has revealed that the currency in circulation hit about N2.76 trillion as of September 2023. The new threshold represents a 14.5% decline yearly from the N3.23 trillion reported in September last year.

The current amount in circulation is highest in 2023 According to CBN,

currency in circulation refers to physical cash, including paper notes and coins, used for transactions between consumers and businesses in a country.

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