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Nairaland Forum / Nairaland / General / Politics / Naira Hits Four-month Low, Closes At N1,603.80/$1 Amid Demand Pressure (91 Views)
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Naira Hits Four-month Low, Closes At N1,603.80/$1 Amid Demand Pressure by Mateco556: 2:48pm On Jul 26 |
The Nigerian naira has experienced further depreciation, closing at N1,603.80/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on Thursday, July 25, 2024. This marks the lowest level for the naira since March 14, 2024, when it traded at N1,608.98/$1, breaking through the N1,600 ceiling. According to data from the FMDQ Securities Exchange, the naira depreciated by 1.07% from N1,586.71/$1 recorded the previous day. The local currency traded at a high of N1,620/$1 and a low of N1,519/$1 amid significant demand pressure. https://ratecaptain.com/naira-hits-four-month-low-closes-at-n1603-80-1-amid-demand-pressure/ |
Re: Naira Hits Four-month Low, Closes At N1,603.80/$1 Amid Demand Pressure by vanbonattel: 3:33pm On Jul 26 |
Thats not to say the president is not trying. To be honest, with his pedigree for destruction of anything good, I was thinking naira will be 6,000 usd by now. We shouldn't protest against this government, the man is not as bad as we thought. |
Re: Naira Hits Four-month Low, Closes At N1,603.80/$1 Amid Demand Pressure by AdeCityzen(m): 3:36pm On Jul 26 |
vanbonattel:Scarsm spot |
Re: Naira Hits Four-month Low, Closes At N1,603.80/$1 Amid Demand Pressure by press9jatv: 3:38pm On Jul 26 |
Before we reach December, Naira per dollar will reach #2k per $ |
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