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Nairaland Forum / Nairaland / General / Business / Naira Crashes To 402 Per Dollar (362 Views)
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Naira Crashes To 402 Per Dollar by Glossyclick(m): 6:42pm On Aug 24, 2016 |
The naira crashes again to 402 against the dollar at the parallel market on Wednesday, a day after the Central Bank of Nigeria banned nine banks from the foreign exchange market for failing to remit $2.334bn to the Federal Government’s Treasury Single Account domiciled with the Central Bank of Nigeria. The local currency had closed at 397/dollar on Tuesday. At the interbank market, the naira closed at 315.93/dollar, lower than 305.5 it recorded on Tuesday. Source: http://www.glossyclick.com/2016/08/naira-crashes-to-402-per-dollar.html?m=1
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