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Cash in circulation to rise 20% to N3.8trn, scarcity ends April – Rewane

Contrary to speculations that the Central Bank of Nigeria (CBN) has burnt the old naira notes it withdrew from the system, Bismarck Rewane, Chief Executive Officer (CEO) of Financial Derivatives Company (FDC) Limited said, “total cash in circulation could increase by 20 per cent if all old notes are returned back to the economy. Rewane...

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