Money in circulation decreases to N3.24 trillion

According to the Central Bank of Nigeria’s most recent data on currency, the amount of money in circulation decreased by N107.08 billion from N3.35 trillion in April to N3.24 trillion in July.

The CBN claims that the CIC, which was N3.33 trillion in May, was N3.25 trillion in June.

Recently, the CBN issued a warning to deposit money banks advising them not to accept mutilated naira notes as they were not the actual currency in use.

GOGAN Media.