CBN Devalues Naira To 630/$1 - Politics - Nairaland
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| CBN Devalues Naira To 630/$1 by Ukpaka: 7:35am On Jun 01, 2023 |
CBN Devalues Naira To 630/$1 https://247ureports.com/2023/06/cbn-devalues-naira-to-630-1/ - The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters (I&E) window the previous day, Daily Trust gathered. The devaluation came 48 hours after President Bola Ahmed Tinubu announced the plans of the federal government to unify the country’s exchange rate to stimulate the economy. In his inaugural speech, minutes after he was inaugurated as the 16th president of the country, Tinubu said, “Monetary policy needs a thorough house cleaning. The Central Bank must work towards a unified exchange rate. This will direct funds away from arbitrage into meaningful investment in the plant, equipment and jobs that power the real economy.” 3 Likes |
| Re: CBN Devalues Naira To 630/$1 by fotadmowmend(m): 7:38am On Jun 01, 2023 |
Ok |
| Re: CBN Devalues Naira To 630/$1 by SalamRushdie: 7:39am On Jun 01, 2023 |
Let's see how much it's gets to in the black market by the end of Friday |
| Re: CBN Devalues Naira To 630/$1 by vanunu: 7:40am On Jun 01, 2023 |
It is impossible to unify the dollar. Stop wasting your time. |
| Re: CBN Devalues Naira To 630/$1 by Mynd44: 7:43am On Jun 01, 2023 |
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