Naira Weakens To 470 On Fresh Dollar Scarcity - Education - Nairaland
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| Naira Weakens To 470 On Fresh Dollar Scarcity by CertifiedNaija(m): 9:47am On Nov 25, 2016 |
The naira weakened to 470 on Thursday, from 465 on Wednesday, as fresh dollar scarcity hit the official and parallel foreign exchange markets. The local currency had appreciated to around 450 after security agents carried out series of raids on Bureau De Change operators, who sold the greenback above the N400 stipulated by the Central Bank of Nigeria. Security agents have been raiding the offices of the BDC operators, ordering them to sell dollar at a lower rate in a bid to break the fall of the local currency. https://1.bp..com/-y0VP6gaSPic/WDfw5V-Y4eI/AAAAAAAACno/4GUeTMArD-QK7_FzHTzJLYon6ebR2KtIgCLcB/s1600/Merits-and-demerits-of-student-bank-account.jpg
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| Re: Naira Weakens To 470 On Fresh Dollar Scarcity by madridguy(m): 9:49am On Nov 25, 2016 |
Ok |
| Re: Naira Weakens To 470 On Fresh Dollar Scarcity by Krystale: 9:54am On Nov 25, 2016 |
Why other countries' currencies may be in similar value to the dollar as the naira yet, they have no problem? |
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