Naira Now 382 To A Dollar As CBN Injects $246m - Nairaland / General - Nairaland
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| Naira Now 382 To A Dollar As CBN Injects $246m by Spazwik: 9:41am On Apr 25, 2017 |
The naira Monday rose to 382 per dollar in the parallel market even as the Central Bank of Nigeria (CBN) injected another $246.2 million into the foreign exchange market. A survey of the parallel market revealed that the parallel market exchange rate which closed on Friday at N385 per dollar, dropped to N382 per dollar due to expectation of dollar sales to Bureaux de change (BDCs) by the CBN. Meanwhile, the apex bank continued with its intervention in the foreign exchange market yesterday by offering $246.2 million to authorized dealers at the forex auction in the interbank wholesale window, Small and Medium Enterprises (SMEs) and invisibles segments. A breakdown of the total offer indicates that the sum of $150 million was auctioned at the wholesale window while SMEs and invisibles got $52 million and $44.2 million respectively. Source: http://www.dailydigest.ng/naira-now-382-dollar-cbn-injects-246m/ |
| Re: Naira Now 382 To A Dollar As CBN Injects $246m by Epositive(m): 9:47am On Apr 25, 2017 |
how the mighty has fallen!   1 Like |
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