Understanding Everyday economics
Educational Series
The Series seeks to educate stakeholders and the general public on
monetary policy issues such as: what is monetary policy, how it is
conducted, What it can do and not do and how the monetary policy actions of
the Central Bank of Nigeria affects Nigerians, the economy and the outside
world.
Central Banking:The earliest known bank of issue is the Riksbank of Sweden (1656). Modern central banking started with Bank of England (1694). Central Bank of Nigeria began operations in 1959.