Monetary Development During the First Quarter of 1983

Authors

Central Bank of Nigeria CBN, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Monetary Development, Nigeria, Economy

Abstract

The main factors responsible for the decline in money supply in the first quarter of 1983 were the decline of Nl,799.0 million or 29.6 per cent in other assets (net) of the banking system ( or an equivalent increase in their other liabilities), a fall of N212.8 million or 19.9 per cent in net foreign assets and an increase of N97 .0 million or 1.4 per cent in quasi-money. The contractionary impacts of these three factors more than offset the expansionary effects of an increase ofNl,391.0 million or 6.3 per cent in bank credit to the economy.

Author Bio

The authors are staff of Central Bank of Nigeria.

Publication Title

CBN Economic and Financial Review

Issue

1

Volume

21

Recommended Citation

Central Bank of Nigeria (1983). Monetary Development During the First Quarter of 1983. Economic and Financial Review. 21(1), p.1