The figures from the Central Bank of Nigeria (CBN) revealed that as at October 2022, currency in circulation rose to a whooping ₦3.23 trillion.
This is from ₦1.4 trillion captured in October 2015 when only ₦500 billion existed within Nigeria’s banking system.
The remaining ₦2.7 trillion was held permanently in people’s homes and now, about ₦1.9 trillion has been mopped up during the exercise.
See below snippet of the report from the CBN:
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