Mynd44 lalasticlala oamj4
https://leadership.ng/2018/01/22/money-supply-hits-17-year-high-n24trn/?_e_pi_=7%2CPAGE_ID10%2C9197504258
In a bid to curb inflation and achieve stability in the nation’s economy, broad money rose to 17-year high of about N24 trillion in 2017, data obtained by LEADERSHIP from the Central Bank of Nigeria (CBN) has revealed.
Money supply comprises of broad and narrow money as apex bank uses broad money to measure the total volume of money supply in the economy.
Broad money (M2) includes narrow money plus savings and time deposits, as well as foreign denominated deposits, while narrow money (M1) includes currency in circulation with non-bank public and demand deposits or current accounts in the banks.
According to CBN’s Money and Credit Statistics report, M2 crossed the N10 trillion threshold in 2009 and since then gained momentum and hits N23.59 trillion in 2016.
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In a bid to curb inflation and achieve stability in the nation’s economy, broad money rose to 17-year high of about N24 trillion in 2017

This just confirms the kind of illiterates that are managing our economy.

You dont inject funds into the system to stall inflation, you find means of reducing it!

Haba

GOOD DEVELOPMENT

ManirBK:
GOOD DEVELOPMENT

Do you know anything about monetary policies at all or the simple basic laws of demand and supply? I believe you are trying to be sarcastic with that statement you made

Ratello:


Do you know anything about monetary policies at all or the simple basic laws of demand and supply? I believe you are trying to be sarcastic with that statement you made

Do u mean that you are more interligent than the newspaper group of analyst who check fact and figures before going to publish it as their findings!