Nigeria: Total Currency In Circulation – Updated October 2017

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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