Currency in circulation hits N3.97tn in May.

10th June 2024 The currency’s value in circulation has risen to N3.97tn at the end of May, representing an all-time high and a 1.07 per cent increase over the previous month. The data released on the Central Bank of Nigeria website on Sunday indicated that the currency in circulation has been rising consistently over the months from N3.92tn in April to N3.86tn in March. The currency in circulation has been increasing month-on-month despite the CBN monetary policy tightening which has seen the benchmark interest rate set at 26.65 per cent.Read MoreThe post Currency in circulation hits N3.97tn in May. appeared first on DBS Warri.

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