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Nairaland Forum / Nairaland / General / Business / Naira Depreciates Against Three Currencies At Interbank Market (426 Views)
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|Naira Depreciates Against Three Currencies At Interbank Market by Petmax: 5:46pm On Sep 07, 2016|
The Naira depreciated against three currencies at the interbank market on Wednesday.
The local unit depreciated by 0.23 percent to 314 Naira 92 kobo to the Dollar, 3.13 percent to 422 Naira 64 kobo to the Pound and by 0.33 percent 352 Naira 46 kobo to the Euro.
At the parallel market, the Naira firmed by 0.47 percent to 423 against the Dollar, but fell 0.56 percent to 540 against the British Pound, and traded flat at 465 against the Euro.
Traders are optimistic that the Naira may appreciate this week, following the re-reinstatement of the eight banks previously banned by the Central Bank Nigeria (CBN) from the Forex market, and the licensing of 11 new international money transfer operators, to address the Dollar supply.
READ MORE: http://www.petmaxflame.com/2016/09/naira-depreciates-against-three.html
|Re: Naira Depreciates Against Three Currencies At Interbank Market by Opistorincos(m): 5:52pm On Sep 07, 2016|
naira no con get shame again
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