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Page 1: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 2: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 3: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 4: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 5: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 6: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 7: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 8: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 9: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 10: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 11: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 12: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 13: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 14: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 15: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 16: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 17: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 18: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 19: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 20: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 21: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 22: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
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Page 24: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 25: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 26: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 27: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 28: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 29: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
Page 30: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency
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+D++D+D++=D ----µ bbbd

Page 88: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency

a d e- ¢D = + +

Page 89: Cover for March 2009 number 1 - Central Bank of Nigeria march 2009.pdfCENTRAL BANK OF NIGERIA Economic and Financial Review ... Notes to Contributors ... changes in the volume of currency

a a a a a a aa a a a a a a

- - - -

+ - -- - -

D = + D + D + D + D + D + D +D + D + D + D D + D + +

D

++++= --

D = - -

k

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