Administrators FlyJ Posted July 24, 2015 Administrators Share Posted July 24, 2015 The Central Bank of Nigeria on Thursday adjusted its exchange rate peg to N197 against the United States’ dollar from the N196.95 it set last week, data on the bank’s website showed. This came on the heels of a further decline in naira to 243 against the dollar at the parallel market on Thursday. The persistent decline of the naira in the parallel market followed the introduction of new measures by the central bank last month, restricting access to hard currency at the interbank in a bid to conserve dwindling foreign exchange reserves. Source 1 Quote Link to comment Share on other sites More sharing options...
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