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Naira Continues to Struggle in the Black Market Despite CBN Intervention...See Current Value
Posted by George on Fri 01st Jul, 2016 - tori.ngThe value of the naira in the parallel market may not be improving soon despite the floatation of the naira by the apex bank as it has remained stagnant for about 24hrs in exchange for the dollar.
The currency exchange rate for the naira against the dollar on 01/07/16 as of 10:00am is N345. The same value it exchanged for yesterday, according to Zenith Bank rates.
The flexible policy introduced by the Central Bank of Nigeria is yet to have a massive impact on the naira in the parallel market as it is still at the trial stage.
The flexible policy introduced by the Central Bank of Nigeria is yet to have a massive impact on the naira in the parallel market as it is still at the trial stage.
See further exchange rates on the screenshot below:
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