Currency outside banks up by 300% as economy slips into cash hoarding

Data sourced from the Central Bank of Nigeria (CBN) suggest the economy may be relapsing to cash hoarding again a year after the chronic currency scarcity even as the proportion of currency in circulation that is held outside the banking system has returned to the pre-naira redesign level.

The post Currency outside banks up by 300% as economy slips into cash hoarding appeared first on The Guardian Nigeria News – Nigeria and World News.

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