Naira Rebounds As Banks Offload Excess Dollars - Business - Nairaland
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Naira Rebounds As Banks Offload Excess Dollars / CBN Orders Banks To Sell Excess Dollars In 24 Hours / Adamawa BDC Operators Reject Dollars As Naira Rebounds At Parallel Market (2) (3) (4)
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| Naira Rebounds As Banks Offload Excess Dollars by Spectators: 9:57am On Feb 02 |
Naira rebounds as banks offload excess dollars The naira, Nigeria's currency, rebounded in the parallel market on Thursday as commercial banks rushed to sell off their excess foreign exchange (FX) holdings ahead of a deadline set by the Central Bank of Nigeria (CBN). The CBN had instructed banks to sell all excess FX stocks by February 1, 2024, and warned against hoarding foreign currencies for profit. The move comes as the CBN aims to stabilize the country's volatile exchange rate. Read details in link below... https://spectatorsng.com/naira-rebounds-as-banks-offload-excess-dollars/
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| Re: Naira Rebounds As Banks Offload Excess Dollars by saintopus(m): 10:55am On Feb 02 |
If they sell all their available dollars what happened next? Dollars would be back again to N1500? 1 Like |
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