Central Bank of Nigeria, CBN, is confirming the proposed additional foreign exchange injection into the interbank FOREX market this week.
It’s acting director, Corporate Communications, Isaac Okorafor, said that the bank was determined to sustain the provision of liquidity in the foreign exchange market in order to enhance accessibility and affordability for genuine end users.
Okorafor also cautioned dealers in foreign exchange not to engage in any unwholesome practice that is detrimental to smooth operations in the market, warning that the CBN would impose heavy sanctions on any organization or official involved in such act.
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