Naira Hits Lowest Mark in All Markets Since March as Banks Sell Dollar at New Rates
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#f4e83713 ver:1.38
The Nigerian Naira hits its lowest point since March as banks sell dollars at new rates. The Naira is now trading at N1,419 per dollar in the official market and N1,340 per dollar in the parallel market. The depreciation may be due to speculators and the relaxation of the Central Bank of Nigeria's monitoring. The Association of Bureau de Change Operators plans to establish a unified retail end foreign exchange market to enhance transparency. Several banks have already started selling dollars at new rates. #NairaDepreciation #ForexMarket #CBN #Banks #Transparency...
#newstr #Naira #ForeignExchangeMarket #Depreciation #Banks #Dollar #Speculators #Cbn #BureauDeChange #FxMarket
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