Currency in circulation reaches N2.60trn — up by 88% in six months
Nigeria’s currency in circulation climbed to N2.60 trillion in June 2023, representing the highest in the year. THE CABLE reports.
Currency in circulation (CIC) is the amount of cash in paper notes or coins issued by the apex bank to conduct transactions.Information Guide Nigeria
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According to the latest data from the Central Bank of Nigeria (CBN), the figure rose by 88 percent from N1.39 trillion in January to N2.60 trillion in June 2023.NYSC Portal
The amount of currency in circulation in Nigeria fluctuated in the first half of 2023. In January, it stood at N1.39 trillion and fell to N982,097 billion in February.
