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Nairaland Forum / Nairaland / General / Business / Naira Depreciates To 365/dollar, CBN Sells $210m (352 Views)
Naira Depreciates To ₦1,300/$ In Official Market / CBN Sells Dollars To Banks For First Time In 5 Months / Naira Depreciates To ₦410 Per Dollar As Local Currency Weakens (2) (3) (4)
Naira Depreciates To 365/dollar, CBN Sells $210m by Omooba77: 6:31am On Jan 23, 2018 |
The Central Bank of Nigeria has boosted the inter- bank foreign exchange market with the sum of $210 m, to meet customers’ requests in various segments of the market . This came after the naira weakened marginally to 365/ dollar at the parallel market on Monday, from 364/ dollar on Friday. The local currency had traded at 364 / dollar in the past one week . The CBN offered $ 100m to authorised dealers in the wholesale segment of the market , while the Small and Medium Enterprises segment got the sum of $ 55m , according to figures obtained from the bank on Monday . The figures also indicated that customers needing foreign exchange for invisibles such as tuition fees , medical payments and Basic Travel Allowance, among others, were also allocated the sum of $55m . The bank ’s Acting Director , Corporate Communications, Mr. Isaac Okorafor , reiterated the bank ’s determination to continue to intervene in the interbank foreign exchange market , in line with its pledge to sustain liquidity in the market and maintain stability . According to him , the CBN will continue to manage the forex with a view to reducing the country ’s import bills and minimize depletion of foreign reserves. The CBN intervened in the Retail Secondary Market Intervention Sales to the tune of $210m , to cater for requests in the airlines, agricultural, petroleum products and raw materials and machinery sectors http://punchng.com/naira-depreciates-to-365dollar-cbn-sells-210m/ |
Re: Naira Depreciates To 365/dollar, CBN Sells $210m by Omooba77: 6:55am On Jan 23, 2018 |
But US embassy charge #400 for visa and nobody in our government sees this fraud |
Re: Naira Depreciates To 365/dollar, CBN Sells $210m by iykepromotions: 7:19am On Jan 23, 2018 |
And why will someone have only one source of income in this type of economy? |
Re: Naira Depreciates To 365/dollar, CBN Sells $210m by iykepromotions: 7:20am On Jan 23, 2018 |
Omooba77:Most of them charge blackmarket rates including cards for online transactions. |
Re: Naira Depreciates To 365/dollar, CBN Sells $210m by Omooba77: 11:59am On Jan 23, 2018 |
iykepromotions: God will help us oooo |
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