Traders quote pounds at new rates after naira’s massive gains against dollar
==========
Naira depreciated against the British pound in the parallel market, quoted at N2,113.8; pound hit N2,112.8 on September 6, 2024; naira gained against US dollar, closing at N1,593.32/$; CBN's Retail Dutch Auction System failed to stabilize naira; low oil output and limited liquidity hinder naira's strength; dollar supply surged by 244.4% to $245.17 million on September 6; naira lost N25 in five days in black market, closing at N1,660; naira crashed to new low on September 5, 2024.
#Naira #Pound #Dollar #Cbn #ExchangeRates #Economy #Forex #Nigeria #Finance #Market
https://www.legit.ng/business-economy/economy/1612703-naira-trades-rates-pound-massive-gains-usd-cbn-sells-dollars-bdcs/
Oddbean new post about login | logout