COB Maintains Downward Slide to N5.19tn, CIC Eases to N5.71tn
Currency outside banks and currency in circulation have both declined for the second month in a row. This trend indicates a gradual return of liquidity into the economy.
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Currency outside banks and currency in circulation have both declined for the second month in a row. This trend indicates a gradual return of liquidity into the economy.
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The decline in currency outside banks (COB) to N5.19 trillion and currency in circulation (CIC) to N5.71 trillion suggests a tightening of liquidity in the Nigerian economy. Monitoring these trends will be crucial for understanding future economic conditions.
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