The Central Bank of Nigeria (CBN)
yesterday intervened in the interbank sector of the foreign Exchange
market, injecting $210 million into the wholesale segment and other
sectors of the market.
Figures released by the Bank indicated
that the wholesale sector of the market got another injection of $100
million, while the small and medium enterprises (SMEs) and invisibles
sectors each received $55 million.
The Director, Corporate Communications
Department at the CBN, Mr. Isaac Okorafor, said the forex interventions,
in continuation of the Bank’s resolve, were aimed at sustaining the
high level of stability in the Forex market and continually ease access
to the currency by customers in the different sectors.
While lauding actors in various sectors
of the forex market for the level of stability, in spite of activities
of speculators, Okorafor assured that the CBN was ready to play its
interventionist role in the market.
The CBN had in its last interventions
earlier in December 2018, injected the sum of $299.82 million and CNY
143.60 million into the Retail Secondary Market Intervention Sales
(SMIS).
Meanwhile, one United States Dollar (US$1) exchanged for N360 in the Bureau De Change (BDC) segment of the market yesterday.
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