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Nairaland Forum / Nairaland / General / Business / Currency-in-circulation Drops To N1.769 Trillion (7452 Views)
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Currency-in-circulation Drops To N1.769 Trillion by Nobody: 1:24pm On Sep 05, 2017 |
Currency-in-circulation dropped to N1.769 trillion at the end of July, compared with the N1.873 trillion position it was the previous month. However, while Banks’ Reserves increased to N3.446 trillion as at July, from N3.266 trillion, Quasi Money, which are highly liquid assets other than cash, that can be quickly converted, stood at N11.874 trillion as at the review month, from N11.790 trillion. This was revealed by data gathered from the Central Bank of Nigeria’s (CBN) money and credit statistics for July 2017, obtained from its website. Banking sector credit to the private sector increased year-on-year to N22.172 trillion at the end of July 2017, compared with the N21.978 trillion it stood at the end of June 2017. Also, broad money (M2), which generally is made up of demand deposits at commercial banks and monies held in easily accessible accounts climbed year-on-year to N22.200 trillion as at July, from N21.674 trillion at the end of June. Similarly, narrow money (M1), which includes all physical monies such as coins and currency along with demand deposits and other assets held by the central bank edged higher year-on-year to N10.325 trillion in the review month, as against the N9.883 trillion recorded the previous month. SOURCE: https://brandspurng.com/currency-in-circulation-drops-to-n1-769-trillion/ 1 Like 1 Share
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Re: Currency-in-circulation Drops To N1.769 Trillion by froz(m): 7:19am On Sep 06, 2017 |
ok |
Re: Currency-in-circulation Drops To N1.769 Trillion by Samexdx(m): 7:25am On Sep 06, 2017 |
Okay... Somebody should please explain in a layman's language 6 Likes |
Re: Currency-in-circulation Drops To N1.769 Trillion by cr7rooney10(m): 7:25am On Sep 06, 2017 |
Forward ever 1 Like 1 Share |
Re: Currency-in-circulation Drops To N1.769 Trillion by Generalkaycee(m): 7:25am On Sep 06, 2017 |
. |
Re: Currency-in-circulation Drops To N1.769 Trillion by Millz404(m): 7:25am On Sep 06, 2017 |
To be honest, i started reading, got bored after 3 lines, scrolled down, booked a space, and modified it into this. Bye 10 Likes 1 Share |
Re: Currency-in-circulation Drops To N1.769 Trillion by nony43(m): 7:25am On Sep 06, 2017 |
Why the dropping? Them carry am go Switz? |
Re: Currency-in-circulation Drops To N1.769 Trillion by magoo10(m): 7:25am On Sep 06, 2017 |
ok |
Re: Currency-in-circulation Drops To N1.769 Trillion by Nobody: 7:25am On Sep 06, 2017 |
So far so Good, with time we will get there. Slow and steady win the race. 1 Like |
Re: Currency-in-circulation Drops To N1.769 Trillion by Kylekent59: 7:26am On Sep 06, 2017 |
Blessed father I thank you for this day you created and am happy to be among the living. Let it continues to drop till 1$=#1 1 Like |
Re: Currency-in-circulation Drops To N1.769 Trillion by Nigga44: 7:26am On Sep 06, 2017 |
People no longer have money Buhari sef 7 Likes
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Re: Currency-in-circulation Drops To N1.769 Trillion by Nobody: 7:26am On Sep 06, 2017 |
5 Likes |
Re: Currency-in-circulation Drops To N1.769 Trillion by Jamolajay1: 7:27am On Sep 06, 2017 |
Somebody pls enlighten me or explain better, what's the advantage of this? I no too know economics! 2 Likes |
Re: Currency-in-circulation Drops To N1.769 Trillion by daroz(m): 7:28am On Sep 06, 2017 |
And what are we to do with this info? 2 Likes |
Re: Currency-in-circulation Drops To N1.769 Trillion by Nobody: 7:29am On Sep 06, 2017 |
Like say dem wan dash us money Make we join u dey count billionaires' money. Hw I wish I could boast of just 2% of d total estimation. God of possibility can do it oo. Is rising above billionaire to trillionaire really an IMPOSSICANT? I wan even ask sef ,,,does ritual money count too? To doz ladies residing at Romance section, if I hear,,,,,say,,,,,all NL guys broke 1 Like
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Re: Currency-in-circulation Drops To N1.769 Trillion by tokrizy: 7:29am On Sep 06, 2017 |
Next |
Re: Currency-in-circulation Drops To N1.769 Trillion by Alwaysking: 7:29am On Sep 06, 2017 |
Nice |
Re: Currency-in-circulation Drops To N1.769 Trillion by Makanjuola89: 7:30am On Sep 06, 2017 |
Whats the economic implication? 1 Like |
Re: Currency-in-circulation Drops To N1.769 Trillion by dingbang(m): 7:30am On Sep 06, 2017 |
So that means CBN should mint more money right? |
Re: Currency-in-circulation Drops To N1.769 Trillion by IMASTEX: 7:30am On Sep 06, 2017 |
Very obvious |
Re: Currency-in-circulation Drops To N1.769 Trillion by Bigii(m): 7:31am On Sep 06, 2017 |
Kylekent59: You don't even understand the topic 2 Likes 1 Share |
Re: Currency-in-circulation Drops To N1.769 Trillion by okonja(m): 7:34am On Sep 06, 2017 |
It can only get better |
Re: Currency-in-circulation Drops To N1.769 Trillion by funshint(m): 7:37am On Sep 06, 2017 |
Inflation gradually going down I guess 5 Likes 1 Share |
Re: Currency-in-circulation Drops To N1.769 Trillion by lonecatt(m): 7:41am On Sep 06, 2017 |
modelmike7:you wetin you come sell this morning?crayfish abi? jobless yoot 3 Likes |
Re: Currency-in-circulation Drops To N1.769 Trillion by Nobody: 7:44am On Sep 06, 2017 |
lonecatt:¿?? What trash is this?! Better go back To bed |
Re: Currency-in-circulation Drops To N1.769 Trillion by femo122: 7:47am On Sep 06, 2017 |
Good |
Re: Currency-in-circulation Drops To N1.769 Trillion by bsideboii(m): 7:56am On Sep 06, 2017 |
In layman's terms is this a good thing for the economy ?? Na wetin we wan hear o.Not Quasi dis, liquid dat! |
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