CBN injects $337m, CNY53m into Inter-Bank Forex Market – Business


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In another round of intervention, the Central Bank of Nigeria (CBN) on Friday introduced more than $ 337 million to the market of the interbank currency exchange (Forex).

CBN also intervened in the amount of 53.44 million Chinese yuan in spot and short-term forwards of the interbank foreign exchange market.

CBN spokesman, Mr. Isaac Okorafor, in a statement in Abuja, said that this step was aimed at continuing the Bank’s commitment to ensure adequate liquidity and stability in the interbank foreign exchange market.

Recall that on Tuesday, the Bank introduced $ 210 million in the interbank foreign exchange market.

Meanwhile, Naira has maintained a steady rate against major currencies around the world, exchanging N362 for the dollar in the Bureau de Change market segment on the market on Friday.

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