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Nairaland Forum / Science/Technology / Webmasters / Naira Depreciates Currently N888/$1 On Binance (281 Views)
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Naira Depreciates Currently N888/$1 On Binance by dollarpenny: 6:17pm On Jul 20, 2023 |
The exchange rate between the naira and dollar plunged to N888/$1 on Binance a crypto platform Currency restrictions have previously been identified as a major hurdle for foreign investors looking to invest in Nigeria, the largest oil producer in Africa. While the CBN’s decision to ease the currency peg was intended to address this issue, it has not been successful in meeting the demand for dollars. Consequently, businesses have resorted to informal sources for acquiring foreign exchange, undermining the CBN’s efforts to narrow the gap between official and black-market rates. It’s really good news for anyone earning in dollars although the economy is collapsing…. Salary earner it’s high time to get high paying Hustles because the continue increase of this petrol pump price and dollars won’t all pays the bills imagine you exchange your earning at Black Market Rate here https://www.youtube.com/watch?v=7W_gIC-FYss |
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