“Last month, the central bank said that of 3.23 trillion Nigerian naira ($6.9 billion) in circulation as of October last year, “only 500 billion naira was within the banking industry” while a whopping 2.7 trillion naira ($5.8 billion) was “held permanently in people’s homes.”
In his address Thursday, Buhari disclosed that around 80% of those funds has been returned to the banks since the unveiling of the new banknotes in November.”
I’d be moving into #bitcoin asap.