Central bank Intervenes As Naira Records All-Time-Low
Central bank Intervenes As Naira Records All-Time-Low
The Central Bank of Nigeria (CBN), again, intervened to save the naira
yesterday, as the currency hit all-time-low at 350 to a dollar equivalent to
77.67 per cent dropped at the inter-bank foreign exchange market.
The fall was the lowest value since the commencement of the flexible exchange
rate policy introduced in June 2016.
The bottom value [...]
This Post :
http://www.massivetrendz.com/2016/08/10/central-bank-intervenes-naira-records-time-low/
Appeared First On http://www.massivetrendz.com
The Central Bank of Nigeria (CBN), again, intervened to save the naira
yesterday, as the currency hit all-time-low at 350 to a dollar equivalent to
77.67 per cent dropped at the inter-bank foreign exchange market.
The fall was the lowest value since the commencement of the flexible exchange
rate policy introduced in June 2016.
The bottom value [...]
This Post :
http://www.massivetrendz.com/2016/08/10/central-bank-intervenes-naira-records-time-low/
Appeared First On http://www.massivetrendz.com
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