₦airaland Forum

The Central Bank of Nigeria has released its 2016 half-year economic report detailing activities in the monetary and fiscal segments of the economy. In one of the segments, the CBN reported that it as sold about $7.8 billion in forex to the interbank market as well as via swaps

According to the bank, a total of US$4.31 billion was sold by the CBN to authorized dealers during the second quarter of 2016. This reflected an increase of 22.7% above the level in the preceding quarter, but a decline of 41.5% relative to the level in the corresponding period of 2015. The development, relative to the preceding quarter, was attributed to the increased intervention by the CBN at the forex market and swap transactions. Of the aggregate, inter-bank and swaps sales were US$3.11 billion and US$1.20 billion, respectively.

Here is a breakdown


READ MORE: http://nairametrics.com/here-is-how-much-dollars-the-cbn-sold-in-the-1st-half-of-2016/


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