There’s excessive cash in the economy —CBN

There’s excessive cash in the economy —CBN

Photo: There’s excessive cash in the economy —CBN The Central Bank of Nigeria has said the nation runs a cash-based economy and this informed the central bank’s Cash-Lite Policy which aims to reduce the amount of cash in circulation. The Deputy Governor, Operations, CBN, Dr. Kingsley Moghalu, who said this in Lagos during a seminar on cashless Nigeria, stated that the amount of cash in circulation as of 2011 was 41 per cent of the nation’s Gross Domestic Product. He said the nation’s GDP as of 2011 was less than $400bn. http://www.hopefornigeriaonline.com/?p=15591 Feel FREE to SHARE & TAG Yourself ******************************************* Report any suspicious activity to the law enforcement agency, as that will save lives. SHARE/Tag your friends! Join Nigeria's First Facebook Community Page! http://www.hopefornigeriaonline.com/onfacebook http://www.hopefornigeriaonline.com/LikeUs
The Central Bank of Nigeria has said the nation runs a cash-based economy and this informed the central bank’s Cash-Lite Policy which aims to reduce the amount of cash in circulation.

The Deputy Governor, Operations, CBN, Dr. Kingsley Moghalu, who said this in Lagos during a seminar on cashless Nigeria, stated that the amount of cash in circulation as of 2011 was 41 per cent of the nation’s Gross Domestic Product. He said the nation’s GDP as of 2011 was less than $400bn. 
Photo: There’s excessive cash in the economy —CBN The Central Bank of Nigeria has said the nation runs a cash-based economy and this informed the central bank’s Cash-Lite Policy which aims to reduce the amount of cash in circulation. The Deputy Governor, Operations, CBN, Dr. Kingsley Moghalu, who said this in Lagos during a seminar on cashless Nigeria, stated that the amount of cash in circulation as of 2011 was 41 per cent of the nation’s Gross Domestic Product. He said the nation’s GDP as of 2011 was less than $400bn. http://www.hopefornigeriaonline.com/?p=15591 Feel FREE to SHARE & TAG Yourself ******************************************* Report any suspicious activity to the law enforcement agency, as that will save lives. SHARE/Tag your friends! Join Nigeria's First Facebook Community Page! http://www.hopefornigeriaonline.com/onfacebook http://www.hopefornigeriaonline.com/LikeUs


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