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Nigeria Acts to Stabilize Currency with Forex Auction

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Nigeria Acts to Stabilize Currency with Forex Auction
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Source: Bitcoin.com

The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of efforts to ease pressure on the local currency. The CBN has called on authorized dealer banks to share their respective lists of outstanding forex demand by end users. Auction System Aims to Mitigate Impact of Dollar Shortage on Exchange […]

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Author: Terence Zimwara

Related posts:

  1. Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls
  2. Nigerian Central Bank Governor Denies Using Forex Reserves to Defend Local Currency
  3. Nigerian Currency Becomes Worst-Performing After Erasing All Early April Gains
  4. Nigerian Users Criticize Binance for Imposing Exchange Rate Caps on USDT to Naira Transactions
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