Naira Exchanges At N500/dollar At Parallel Market - Business - Nairaland
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| Naira Exchanges At N500/dollar At Parallel Market by lordmayor2013(m): 8:01pm On Feb 23, 2017 |
The Naira on Thursday consolidated its gains against the dollar at the parallel market, few days after the CBN announced a new forex policy. The Nigerian currency exchanged at N 500 to a dollar after closing at N 505 on Wednesday , while the Pound Sterling and the Euro closed at N 600 and N 510 respectively . At the Bureau De Change window , the Naira closed at N 399 to a dollar , while the Pound Sterling and the Euro traded at N 635 and N 545, respectively . Trading at the interbank window saw the Naira closed at N 305 . 50 to a dollar . Traders at the market said that the new forex policy by the CBN opening up dollar sales to commercial banks for school fees , medicals and Personal Travel Allowances was impacting the market positively . http://punchng.com/naira-exchanges-at-n500-to-dollar-at-parallel-market/?utm_source=&utm_medium=twitter |
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