\n
The Central Bank of Nigeria says it sold $106.5 million in Foreign currency to authorized dealers and legible Bureau De Change Operators on Thursday and Friday to boost FX supply at various segments of the market.<\/p>\n
CBN disclosed this in a statement on Friday signed by Omolara Duke.<\/p>\n
The apex said the transactions were on-the-spot FX sales made to dealers in the last 48 hours between N1,498.00 and N1,530.00 per dollar exchange rate amid FX demand pressure.<\/p>\n
CBN added that it bought $9.5 million from four authorized dealers in the period under review at N1,510.00 and N1,550.00 per dollar.<\/p>\n
\u201cOver the next few weeks, the CBN will continue to support various segments of the official markets with liquidity.<\/p>\n
\u201cIn line with the above, the CBN on Thursday, July 18 and Friday, July 19, 2024, sold a total sum of US$106,500,000.00 (One Hundred and Six Million and Five Hundred Thousand US Dollars Only) to 29 (Twenty-Nine) Authorized Dealer banks between an exchange rate range of N1,498.00\/US$1 to N1,530.00\/US$1.<\/p>\n
\u201cIn addition, it bought US$9,500,000 (Nine Million and Five Hundred Thousand Dollars) from 4 (Four) Authorized Dealer banks at rates between N1,510.00\/US$1 and N1,550.00\/US$1. The value date for all the transactions is July 19, 2024,\u201d it stated.<\/p>\n
Dollar-Naira Exchange: CBN sells $106.5m to authorized dealers, BDCs in two days<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The Central Bank of Nigeria says it sold $106.5 million in Foreign currency to authorized dealers and legible Bureau De…<\/p>\n","protected":false},"author":1,"featured_media":42745,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,4274,21527,15],"tags":[21528,21529,11110,519,63,2027,16396,21059,1395,180,3342,833],"class_list":["post-42744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-cbn","category-dollar-naira-exchange","category-news","tag-106-5m","tag-authorized","tag-bdcs","tag-business","tag-cbn","tag-days","tag-dealers","tag-dollar-naira","tag-exchange","tag-news","tag-sells","tag-two"],"yoast_head":"\n
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