Lagos- The total volume of currency circulating within the economy rose by 3.4 per cent to N1.47 trillion as at September, 2013, the Central Bank of Nigeria (CBN) has said.
The increase is in contrast to the decline of 5.5 percent and 1.1 percent as at the end of the preceding quarter and corresponding period of 2012, respectively, reports The Nation.
The rise is due to the 3.5 percent increase in currency outside the banks.
Also, within the period under review, the total T-Bills subscription dropped to N1.5 trillion, compared with N2.7 trillion and N4.2 trillion allotted and subscribed to in the preceding quarter.
Read more at The Nation