$195m Injected into Forex Market – CBN

The Central Bank of Nigeria on Monday injected the sum of $195million into forex market in continuation of its drive to ensure liquidity and stability in the foreign exchange market.

The  breakdown of figures released by the CBN showed that the sum of $100 million was offered to authorised dealers in the wholesale window, just as the Small and Medium Enterprises (SMEs) window was allocated the sum of $50 million. Those seeking forex for the purpose of BTA/PTA, tuition and medical bills, among other invisibles, received the sum of $45 million.

The Acting Director, Corporate Communications at the CBN, Isaac Okorafor, who confirmed the figures, said the bank’s continued intervention was aimed at strengthening the international value of the naira, while ensuring accessibility to the greenback by customers who required it for genuine purposes.

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