Sikiru, Isiaka Olawale & Oyesiji, Yinusa Kolawole

Focus has been placed on enforcing the cashless policy that was adopted in Nigeria in 2022 as a result of the CBN's aims to minimize the amount of money outside banks in order to effectively govern the economy. The research examine the impact of cashless policy on money supply employed Ordinary least square (OLS), independent variable is cashless policy proxy for Automated teller machine, point of sale, web, Cheque, and internet and dependent variable is money outside the bank sector. The study revealed that all variables (Automated teller machine, point of sale, web, Cheque, and internet) proxy for cashless policy have insignificant effect on money out the bank sector. Government should formulate other policy to regulate money in circulation. Keywords: ATM, Cashless policy, Internet, POS, WEB 0150