Naira Exchanges at Four Different Rates Against US Dollar as CBN Fights Back
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#f4e83713 ver:1.37

The Nigerian Naira is being exchanged at four different rates against the US dollar, with the Central Bank of Nigeria (CBN) selling dollars to stabilize the currency. The official rate is N1,339.23/$1, the black market rate is N1,356/$1, fintech apps price it at N1,510/$1, and some banks offer rates as low as N1,100/$1. The CBN has set a new exchange rate of N1164.843 per dollar for customs import duties. The naira has depreciated against the dollar but appreciated against the British Pound and Euro. The Senate is concerned and working on policies to address the root causes of naira depreciation. The Association of Bureau De Change Operators plans to establish a unified FX retail market for transparency and real price discovery. #Naira #CBN #ForeignExchange #CurrencyDepreciation...

#newstr #Naira #UsDollar #ExchangeRates #CentralBankOfNigeria #ForeignExchangeMarket #BureauDeChange #OfficialMarket #BlackMarket #LicensedBdcOperators #FintechApps #ChipperCash #Banks #UkbasedFinancialInstitutions #GoldmanSachs #StandardChartered 

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