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CBN dollar sale jumps by 260%

CBN dollar sale jumps by 260% The increasing pressure on the naira may have made the Central Bank of Nigeria’s weekly dollar sale at the Retail Dutch Auction System to increase by 260.5 per cent, according to the central bank’s statistics. The data indicated the central bank offered a cumulative total of $3bn to defend the nation’s currency at the RDAS... 
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Added February 06, 2014
from The Punch News