CBN sells dollar to banks at N198

CBN sells dollar to banks at N198 In a bid to reduce pressure on the naira, which has come under speculative attacks in recent weeks, the Central Bank of Nigeria on Wednesday announced the closure of the Retail and Wholesale Dutch Auction Systems of the foreign exchange market. The closure, which takes immediate effect, was confirmed in a statement issued by the... 
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Added February 18, 2015
from The Punch News