Fall of the naira: CBN sells $148 million to 29 licensed brokers : Orishas-finance

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Fall of the naira: CBN sells $148 million to 29 licensed brokers

30/07/2024

Source : ORISHAS-FINANCE

Categories: Economy/Forex

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Fall of the naira: CBN sells $148 million to 29 licensed brokers

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Dans l' intention de stabiliser le marché des changes au milieu de la récente chute libre du naira, la Banque centrale du Nigeria a déboursé 1 $48 million to 29 licensed brokers.

Sales were made to dealerships on Monday, July 22, and Tuesday, July 23, 2024, between an exchange rate of $1,470.00/1 and $1,510.00//1, according to a statement posted on the central bank's website on Friday. She said that authorized brokers include banks and BDC operators. According to the Bank, this development comes two weeks after the CBN sold 122.67 million dollars to 46 authorized banks, an operation aimed at increasing the liquidity of the country's market and reducing volatility

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