CBN Sells Discounted Dollars To Bdcs, Sets New Exchange Rate - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / CBN Sells Discounted Dollars To Bdcs, Sets New Exchange Rate (556 Views)
CBN Sells Fresh Dollars To Bdcs At N1,021/$ / CBN Sells Dollars To BDCs Below Market Rate At ₦1,101/$1 / CBN Sells Dollars To Banks For First Time In 5 Months (2) (3) (4)
(1) (Reply)
| CBN Sells Discounted Dollars To Bdcs, Sets New Exchange Rate by Mateco556: 1:59pm On Apr 25 |
The Central Bank of Nigeria (CBN) has once again intervened in the foreign exchange market by selling discounted dollars to licensed Bureau De Change (BDC) operators. This move is part of the CBN’s ongoing efforts to maintain liquidity in the market and stabilize the value of the naira, which has been experiencing a recent decline. According to a circular obtained by Legit.ng, the CBN has set a special exchange rate for the sale of dollars to BDC operators. Under this arrangement, the CBN will sell... https://ratecaptain.com/cbn-sells-discounted-dollars-to-bdcs-sets-new-exchange-rate/ |
| Re: CBN Sells Discounted Dollars To Bdcs, Sets New Exchange Rate by Apus: 2:52pm On Apr 25 |
Nothing like floating the currency again? Why embark on the policy in the first place when we well know we do not have the advantage in the foreign market without putting other modalities on ground. Interesting times ahead. 1 Like |
| Re: CBN Sells Discounted Dollars To Bdcs, Sets New Exchange Rate by Kingsmeal: 3:00pm On Apr 25 |
No more market forces to determine the true value of Naira? CardiB and his Tinubunomics 😂 Gbajues 2 Likes |
(1) (Reply)
For Sale, Mazda Tribute 2001 And Infinity Fx 35 / Business Ideas That Works. / I Need Partners For An I.c.t Service I Plan To Offer.
(Go Up)
| Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7 |