In its latest round of intervention, the
Central Bank of Nigeria (CBN) yesterday injected the sum of $210
million into the interbank foreign exchange market.
Figures obtained from the CBN indicated
that the authorised dealers in the wholesale segment of the market
received the sum of $100 million while the SMEs and invisibles segments
were allotted the sum of $55 million each.
The Bank’s Director, Corporate
Communications Department, Mr. Isaac Okorafor assured that the CBN would
continue to sustain liquidity in the forex market.
He also expressed optimism that the
naira would continue to remain strong against the dollar and other major
currencies around the world, considering the stability in the market
and robust reserves.
The Central Bank of Nigeria (CBN) had on
Friday, November 2, 2018, made interventions to the tune of
$337.16million in the retail Secondary Market Intervention Sales (SMIS)
and CNY 56.17million in the spot and short-tenored forwards segment of
the foreign exchange market.
Meanwhile, the naira yesterday exchanged at an average of N360/$1 on the BDC segment of the market.
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