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Naira Will Appreciate Further This Week – CBN
According to
the spokesman of the Central Bank of Nigeria (CBN), the Naira would appreciate
further this week as the bank plans to inject more Foreign Exchange into the
market.
The
spokesman, Isaac Okorafor, gave the assurance yesterday saying the bank was
committed to ensuring that authorised dealers got sufficient supply to meet the
demands of authentic customers of banks.
He added
that the bank had since February offered over one billion dollars to the
interbank market, and expressed optimism that stability had been restored to
the forex market.
He said
individuals could easily access forex to address personal and business
allowances.
CBN
intervention in the interbank market over the past two months showed that the
highest bid rate was N360 per dollars, while the lowest was N315 per dollar.
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