Currency outside banks drops to N4.8 trillion in July, lowest in eight months
Currency held outside Nigerian banks fell to N4.8 trillion in July 2026, its lowest level since November 2025, as the amount of cash circulating outside the banking system declined for the second consecutive month. The post Currency outside banks drops to N4.8 trillion in July, lowest in eight months appeared first on Nairametrics .
In July 2026, the amount of currency held outside Nigerian banks reached its lowest level in eight months, according to data released by the Central Bank of Nigeria (CBN). The currency held outside banks fell to N4.8 trillion in July, a decrease of N118.7 billion, or 2.4%, from N4.92 trillion recorded in June. This marks the second consecutive month of decline in the amount of cash circulating outside the banking system.
The CBN data, tracked by Nairametrics, showed that currency outside banks had been steadily declining since January 2026, when it stood at N5.25 trillion. The latest drop brings the total below the N5 trillion mark, reversing some of the increase that occurred during the first half of the year. Despite this decline, the amount of currency outside banks remains higher than levels observed throughout much of 2025.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
