CBN Gradually Withdraws Old Notes To Curb Inflation As Currency In Circulation Falls To N2.5trn

The Central Bank of Nigeria may have commenced the gradual withdrawal of old notes in a bid to curb the rise of inflation in the country as Currency in Circulation (CIC) is on the decline.

CIC is currency outside the vaults of the CBN, which includes all legal tender currency in the hands of the general public and in the vaults of the Commercial Banks.

THEWHISTLER : Read More