Finance
CBN Says Total Currency in Circulation Hits N2.9 Trillion in 2020
CBN Says Total Currency in Circulation Hits N2.9 Trillion in 2020
The total currency in circulation grew by N249 billion from N2.66 trillion reported by the end of November to N2.91 trillion in December 2020.
This was disclosed in the data obtained from the Central Bank of Nigeria on Sunday.
Total currency in circulation rose from N2.49 trillion in October while the reserve money grew moderately as of end-September 2020.
The apex bank said reserve money grew by 2.5 percent to N13.57 trillion at the end-September 2020, lower than the 30.4 percent recorded at the end of June 2020.
Liabilities to other depository corporations grew by 1.9 percent to N11.14 trillion.