Currency outside banks increased by 24% on huge cash withdrawals —FBNQuest

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Tribune Online
Currency outside banks increased by 24% on huge cash withdrawals —FBNQuest

cash withdrawals

Fresh facts have emerged that Nigerians stepped up their withdrawals of cash because of fears of another lockdown, thereby leading to increased currency outside banks  by about 25.4 per cent year on year  (y/y) in November 2020 to NGN2.26 trillion. According to FBNQuest Research, the difference between measures of money supply consists mostly of CBN […]

Currency outside banks increased by 24% on huge cash withdrawals —FBNQuest
Tribune Online



Source: Nigerian Tribune