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CBN Injects $210m into Currency Market

Posted by George on Wed 13th Dec, 2017 -

The apex bank in Nigeria has moved to stabilize the value of the greenback with provision of more foreign exchange in the local economy.

The Central Bank of Nigeria said on Tuesday it had injected $210m into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages.
The bank said, in a statement, it had released 100 million dollars earmarked for the wholesale market, $55m 00for small businesses and individuals, and 55 million dollars for certain dollar expenses such as school fees and medical bills.

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