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Naira Stabilises At Parallel Market - Business - Nairaland

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Naira Stabilises At Parallel Market by AbiolaFawole(m): 7:27am On Apr 25, 2017
The naira on Monday stabilised against the
dollar at the parallel market, newsmen report.
The Nigerian currency traded between N380
(buying rate) to N385 (selling rate) on Monday
afternoon, maintaining the same rate as at
Friday.
The naira closed at N495 to pound sterling and
N415 to Euro at the same segment.
At the Bureau De Change (BDC) window, the
naira was sold at N362 to the dollar, while the
pound sterling and the Euro closed at N490
and N420, respectively.
Naira-Dollar
Trading at the interbank window saw the naira
closed at N305.95 to the dollar.
Traders commended the CBN for sustaining
liquidity at the foreign exchange market
as market volatility was not in the interest of
the economy.
NAN reports that the CBN had remained
resolute in boosting liquidity in all the
segments of the foreign exchange market.
The apex bank, had on Friday, created a special
window for investors and exporters to have
uninterrupted access to foreign exchange, a
move stakeholders described as the right
direction.
http://www.vanguardngr.com/2017/04/naira-stabilises-parallel-market/
Re: Naira Stabilises At Parallel Market by Thejustw14(m): 7:31am On Apr 25, 2017
How does that affect the price of yam?

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