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Naira Falls to N698/$1 at Black Market

Posted by Thandiubani on Thu 25th Aug, 2022 - tori.ng

The exchange rate at the official Investors and Exporters window also depreciated in the last trading session.

 

The naira has crashed against the dollar on Thursday, 25th August, 2022.
 
It was gathered that the naira crashed at the black market after exchanging N698/$1 according to information from several black market forex traders, who spoke to Nairametrics.
 
The report stated that the currency fell against the US dollar from N696/$1 recorded on Wednesday to N698/$1 on Thursday, representing a 0.29% depreciation.
 
The exchange rate at the official Investors and Exporters window also depreciated in the last trading session, falling marginally by 0.08% to close at N431/$1 from N430.67/$1 recorded on Tuesday, 23rd August 2022.


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