Latest data released by the CBN, has revealed that the currency in circulation reached N2.76 trillion as of September 2023.
By Imran Mohammed
Currency in circulation refers to physical cash, including paper notes and coins, used for transactions between consumers and businesses within a country.
The N2.76 trillion in circulation is the highest recorded in 2023, as stated by the CBN. In August, the currency in circulation was reported at N2.66 trillion, representing a 3.80 per cent increase from September 2023.
